Strategy for improving university funding and sustainable development in south-east Nigeria: The entrepreneurial practice option
Ekechukwu Peter Chizoba, Dr. Okanezi bright
This study focused on entrepreneurial practice as a strategy for improving university funding and sustainable development in South-Eastern Nigeria. The study adopted the descriptive research design. A sample of 300 federal and state university administrators was drawn using the stratified random sampling technique. An instrument named University Entrepreneurial Practice Questionnaire (UEPQ) was used for the study. The instrument was validated by test experts in the Faculty of Education, University of Port Harcourt. The reliability of the instrument was determined using test re-test method. The reliability coefficient of correlation obtained was 0.78. Mean and standard deviation were used to answer the research questions while t-test was used to test the hypotheses at 0.05 alpha level of significance. The results of the study show that South-Eastern universities engage in entrepreneurial practices such as printing and publishing, bottling companies, micro-finance banks. The universities engage in modern packaging as well as wider advertisement as strategies to facilitate entrepreneurial practice. Furthermore, it was revealed that entrepreneurial practice contributes to funding universities; lastly, fund misappropriation, insecurity, lack of collaboration with resource persons are obstacles facing entrepreneurial practice in Nigerian universities. It was however recommended among other things that universities should identify the entrepreneurial practices thriving in South-Eastern universities and adopt same; Government should support universities entrepreneurial ventures since it reduces financial burden on the government.