ANALYSIS OF TETFUND INTERVENTION IN IMPROVING THE QUALITY OF BUSINESS EDUCATION IN TERTIARY INSTITUTIONS IN EDO AND DELTA STATES
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Statement of the Problem
Tertiary institutions in Nigeria lack the financial resources to maintain educational quality due to poor budgetary allocation to education over the years. Based on this, universities in Nigeria has faced a lot of challenges including inadequate funding, poor infrastructure, out of date curriculum, decreasing quality and poor motivation of teachers among others due to poor allocation of funds to 9 education by the federal government. From available statistics there was no time the allocation came close to the 26% recommended by UNESCO, which has led to decay in the educational sector (Azi, 2000). Besides, Ajayi and Ekundayo (2006) remarked that the Nigerian government over the years has not been meeting the United Nations Educational Scientific and Cultural Organization (UNESCO) recommendation of 26% of the total budget allocation to education sector. Education in Nigeria, (business education inclusive) has gone below its expectations. The system has derailed from its original intentions because the learning conditions are deteriorating, classrooms are overcrowded, laboratories lack the basic equipment, libraries are nothing but a collection of obsolete materials, incessant strike actions and students‟ unrest (Adegbasan, 2011).All these have contributed to a precipitous fall in the standard and quality of business education in tertiary institutions in Nigeria. Apart from these seemingly deficiencies in the sector, there is an attitudinal failure on the part of all stakeholders. At present, the calibre of students that graduate from business education, especially office education, according to Amoor (2008), have the problem of inadequate exposure to modern office technology, information systems and the rudiments of office administration. Meanwhile, Ajayi and Ayodele (2004) argued that although there was an increase in the proportion of total expenditure devoted to education, but this has been considered to be rather grossly inadequate considering the phenomenon increase in student enrolment and increasing cost which has been aggravated by inflation. Aina (2007) posited that government 10 priority to education is still very low. All these have contributed to a fall in the quality of business education graduates as many of the graduates produced as many turned out to be job seekers rather than job creators. The lack of facilities and resources for effective teaching and learning of business education such as dilapidated building, machines and equipment, standard/virtual library or internet facilities to mention but a few is an evidence that the education sectors is in neglect. Business education programme being a skill development programme is not left out. Tertiary institutions lack requisite infrastructures facilities needed by business educators for effective and efficient teaching and learning which will acquaint the students with the skill needed to face the challenges of the world of work. In order to reduce this ugly trend, the Federal Government decided to establish the Tertiary Education Trust Fund as an intervention agency to assist in higher education development with the provision of infrastructure and improving the quality in tertiary education. Despite the establishment of TETFund, Nigerian citizens continue to cry out regarding poor funding and inadequate infrastructure in business education, which has led to poor quality of graduates being produced (Babalola 2002). This study hopes to ascertain the extent of the performance of the tertiary education trust fund intervention in improving the quality of business education in tertiary institutions in Edo and Delta States.
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