FINANCIAL MANAGEMENT STRATEGIES AND GOAL ACHIEVEMENT OF PRIVATE UNIVERSITIES IN EDO AND KWARA STATES, NIGERIAFaculty
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Date
2024-05
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Faculty of Education, University of Benin, Benin City
Abstract
This study examined the financial management strategies and private universities goal achievement in Edo and Kwara States, Nigeria. Descriptive research design of correlation type was adopted for the study. The target population comprised all management staff in all the seven private universities in the two states. Stratified random sampling technique was adopted to select 4 from 7 universities in the two states while proportimate random sampling method was used to select 120 respondents from the four sampled universities. The questionnaire, titled “Financial Management Strategies and Private University Goal Achievement (FMSPUGAQ)” was adopted to elicit information from the respondents on the variables under study. The instrument was validated by experts from the Private Universities in the two states. The reliability co-efficient of 0.76 was obtained through a pilot study of test, re-test method after analyzing the data using Pearson- product moment correlation statistic. Three research questions were answered with descriptive statistical method of percentages, means and standard deviation, while inferential statistical methods of t-test was employed to test the the hypotheses generated for the study. The findings from data analysis revealed that there was high level of financial management strategies in Private Universities in Edo and Kwara State, Nigeria . However, there was a moderate level of goal achievement in Universities in Edo State. Conclusively, there was no significant difference in Financial Management Strategies and goal achievement in Universities in Edo and Kwara State, Nigeria. Also, there was no significant difference in financial management strategies and private Universities Goal Achievement in Edo and Kwara States, Nigeria. In consideration of the findings, the study recommended that private Universities in Nigeria should pay more attention to project evaluation as a financial management strategy. The areas of deficiencyinFinancial Management in the StateUniversities under study should be thoroughly addressed.
Description
This study examined the financial management strategies and private universities goal achievement in Edo and Kwara States, Nigeria. Descriptive research design of correlation type was adopted for the study. The target population comprised all management staff in all the seven private universities in the two states. Stratified random sampling technique was adopted to select 4 from 7 universities in the two states while proportimate random sampling method was used to select 120 respondents from the four sampled universities.
Keywords
Financial Management Strategies Auditing, Budgeting, Goal achievement and Private University
Citation
Tijani, A. A. & Obiweluozor, N. (2024). Financial management strategies and goal achievement of private universities in Edo and Kwara States, Nigeria. African Journal of Studies in Education