ALTERNATIVE FUNDING STRATEGIES FOR REPOSITIONING TECHNOLOGY EDUCATION FOR SUSTAINABLE SKILL DEVELOPMENT AND ECONOMIC DEVELOPMENT IN SOUTH-EAST STATES OF NIGERIA

Funding tertiary education in Nigeria has been a challenge bedeviling the quality of
education offered in this country. It seems that the government can no longer fund
technology education adequately to provide the desired skills development training
needed for sustainable economic development. The study focused on determining the
alternative funding strategies for repositioning technology education for sustainable
skills development and economic development in South-East Nigeria. Two research
questions guided the study and two null hypotheses that were tested at 0.05 level of
significance. Survey research design was adopted. The area covered was the five
states in the South East. The population of the study was 112 respondents (lecturers of
technical education in tertiary institutions in South East). Structured questionnaire
with 20 items which was validated by three experts was used for data collection. The
reliability of the instrument was determined with the measure of internal consistency
method and the analysis of data with Cronbach Alpha reliability yielded a reliability
coefficient of 0.86.Mean and standard deviation was used to answer the research
questions while t-test was used to test the null hypotheses. Findings showed that the
respondents agreed with all the alternative funding strategies listed. There was no
significant difference between the mean rating of the respondents in federal and state
tertiary institutions on the alternative funding strategies. Based on the findings
conclusion was made and it was recommended that institution management should
restructure technology education workshops to a mini industry in order to generate
funds, technology education lecturers should attract grants and patronage for
research and innovations while government should encourage non-governmental
organisations to support technology education through monetary and non-monetary
interventions among others.

Technology education, funding, alternative funding strategies, skill development, economic development,

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