Journal of Emerging Trends in Economics and Management Sciences: Home

Abstract:
The paper expresses the fears of possible failure of private universities. It argues that the NUC itself constitute a potential failure factor, just as in spite of the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC), the Nigerian banking industry had witnessed three rounds of failure. Likewise and more recently, the Nigerian stock exchange botched in spite of the supervisory powers of the Security and Exchange Commission (SEC). Whereas the failure of banks, the stock exchange or any other industrial sector reflects almost instantaneously in the books, it would certainly take ages to bring to the fore the disastrous effects of the failings and failure of universities. The ripple effects would task the whole university system, worsen graduate unemployment and create further ratchet effects on industry, social welfare and the economy. The study therefore proposes structural and system changes including reforms of the NUC. It is significant in focusing researchers' attention on operations effectiveness as the determinant of the sustainability and competitiveness of Nigerian private university. The case was made for result-oriented multi-agency regulation, focused differentiation and a pricing regime based on turnover not profit.

Keywords: operations effectiveness, governance structure, National Universities Commission, university funding, differentiation, accreditation, pricing regime

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