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JOURNAL OF RESEARCH IN NATIONAL DEVELOPMENT VOLUME 1 NO 2 OCTOBER 2003

THE ROLE OF PRIVATISATION IN FUNDING EDUCATION IN NIGERIA
FOCUS ON VOCATIONAL EDUCATION

BY

OLORUNMOLA JOSEPH OYE
LECTURER, ACCOUNTING EDUCATION DEPARTMENT
SCHOOL OF BUSINESS EDUCATION
FEDERAL COLLEGE OF EDUCATION (TECHNICAL), POTISKUM

ABSTRACT
The economic depression that has trailed Nigeria since 1982 has been a mixed grill to vocational education. This economic depression has become a great limitation to the achievement of qualitative vocational education. The funding of vocational Education has become difficult even though it is a form of education that holds the greatest guarantee for economic survival. Thus, the federal government searched for alternative means of funding education (vocational education). One of the major ways is through the proceeds realized from the privatization programme. Privatization is the transfer of government owned enterprises to private shareholders, which comprises of individual and corporate bodies. The proceed of property managed could be used to fund education (Vocational Education) to ensure that quality is installed into our Educational system. This paper examines objectives and benefits of privatization as well as the role of the privatization programme in funding vocational education in Nigeria. Finally it advances suggestions for the improvement of qualitative vocation education in Nigeria.

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