“BOOSTING INFLOWS AND IMPRPOVING
ACCOUNTABILITY IN NIGERIA TERTIARY
INSTITUTIONS ”
Venue: Imperial Hotel
Quarry Road
Abeokuta
October 2, 2021
Being paper presented By:
Mr. Kayode Adebiyi, FCA, MBA, MIoD
At a retreat organized by
Bursary Department Federal Polytechnic Ilaro

2
Introduction
 Government funding subvention are grossly inadequate to satisfy the needs of
contemporary Nigeria Universities and Polytechnics.
 Nigeria’s public universities rely primarily on government funding , which usually
comes to less than 10% of the national budget at the federal level, below the Africa
average and UNESCO’s minimum recommendation of 15%.
 According to The World Bank and UNESCO’s Education Finance Watch 2021 report,
the pandemic has led to cuts in both external education aid and internal education
budgets in two-thirds of low- and middle-income countries.
 In addition, apart from providing the best quality education, administrators of tertiary
institutions have increased focus on generating revenue for their institution.
 Putting in place effective strategies and policies to enhance internally generated
revenue is critical for Tertiary Institutions.

 Ministries,
 Federal
 Local governments
 ????????????????
Government Funding
•The sale of admission form,
• Schools fees,
• Tuition fees
• Accommodation fees,
• Association registration fees,
• Interests and returns from
loans and investment earning
• NGOs, philanthropic
foundations Donations
•???????????
Internally Generated
Revenue (IGR)
FUNDING: WHICH WAY FORWARD

Merchandise of UniIllorin
Energy plant of UniIllorin
Bottle water of Abia state Uni
TYPICAL IGR SOURCES AT TERTIARY INSTITUTION

THE NEW PARADIGM SHIFT
Additional
Value
Creation
(AVC)
Government
Funding
IGR (as is)
Success
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INTEGRATED VALUE
Integrated value is the simultaneous building of multiple ‘non-financial’ capitals through
synergistic innovation across the nexus economy that result in net-positive effects, thus making
our world more secure, smart, shared, sustainable and satisfying.
What is integrated value
Why Is It Important In Revenue Generation
Value creation is so fundamental to our human belief systems that we intuitively feel that it is a worthy, if
not an imperative goal, whether in our personal and family lives, our careers and institutions, or our
communities and societies. It is in fact one of our most powerful myths. Creating something worthwhile or
better – something of value – is the professed, if not the actual aspiration of almost everyone.

THREE PILLARS OF AVC
Educate students for
career success
o Expand applied research to enrich teaching
and learning
o Promote sport and athletics
o Develop partnerships with international
educational institutions
Transform lives and
communities through
learning
o Apprenticeship training
o Create CSR impact
o Local industry
o Indigenous
entrepreneurship
Develop strategic Partnership
with Government
oValue
oImpact
oDialogue

Policy Thrusts of AVC in Higher Institutions
Encourage Partnerships
AVC
Integrate Technology
Pursue Excellence
Commit to student success
Commit to access
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THE CHALLENGES
• The changing structure of higher
education
• The competitive landscape
• Protecting academic quality
• Cost vs access
• Learning outcomes
• Technology
• Value system
• Politics & Governance

Gown/town
handshake
Feed the “town” with
“gown”
Match the “gown” to the
“town”
Visibility – Results
Organizational
capacity
Org strength
Learning excellence
Process automation
Create Optics – T &A.
IMPACT
Strategic partnerships
Grants and
endowments
CSR.
STRATEGY
The ways and means

EFFECTIVE WAYS OF GENERATING IGR IN NIGERIA TERTIARY
INSTITUTION
Match the “Gown” to the “Town”
• Establishment of entrepreneurship training centres
• Streamline academic programs to have market acceptance
• Expand field experience opportunities for students
• Increase program choice and availability
• Expand program offerings in high-demand, career-specific areas
• Align curriculum renewal and development with industry trends
Strategic partnership
• Partnership programmes or collaboration with othe
institutions .
• Being open to partnership opportunities
Transparency and accountability
• Improve accountability within the institutions.
• Account for additional revenue
• Achieve an annual balanced budget
• Segmental reporting
• Full compliance and disclosure
Grants and endowments
• Alumni associations.
• Research
Process automation
• The adoption of e-payment of school fees and
online registrations .
• Creating a more effective student recruitment
and enrolment

Feed The Town With The Gown
Resource development leads to financial stability
• Apprenticeship training
• Basic and essential skill training
• Continuing education
• Corporate training
Learning excellence
• Enhance academic quality and
occupational relevance
• Prepare FPI students for global
workplace
• Use technology to enhance effectiveness
of teaching and learning
• Strengthen curriculum for improved
workplace preparation of students
Create CSR impact
• Provide opportunities for students in the
community and catchment area
• Help relieve financial strain on students
Organizational strength
• Strengthen partnerships
• Develop a result- driven workplace culture
• Increase organizational capability through
people development
• Ensure strong brand recognition of FPI
• Increase use of information analysis and
planning in decision making
• Enhance diversity awareness and open up
professional development opportunities
EFFECTIVE WAYS OF GENERATING IGR IN NIGERIA TERTIARY
INSTITUTION (ILARO POLYTECHNIC) AFTER COVID?

• The economic theory that says human wants are unlimited, but the means
of satisfying them are limited” has remained an undisputed fact, thus
the increasing growth in student’s enrolment and the available
resources in the higher institutions are not sufficient to meet up with
the funding requirements.
• The boosting of higher education in Nigeria needs to be improved upon
especially in the area of capital expenditures funding.
• Higher institutions need to explore alternative means of funding and
become less dependent on Government allocations.
• Stakeholders in education which include parents, guardians, the general
public, non-governmental agencies, international partners and the
private sector should support the funding of tertiary education in
Nigeria.
Conclusion

THANKS FOR YOURATTENTION !!!
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