Diversification of Educational Funds for Quality Assurance in Open and Distance Education in Nigeria

Abstract

The recent world economic meltdown may result to a serious decline in the quality of open and distance education in
Nigeria. Huge amount of money is required to finance an effective and quality open and distance education. This paper
ascertained the different ways of diversification of educational funds to enhance the attainment of quality open and distance
education in Nigeria. Three research questions were used to guide the study and two hypotheses were formulated.
Questionnaire was administered to a population of 120 staff of open and distance education in Enugu state of Nigeria. Mean
statistics was used to answer the research questions, and t-test analysis was to test the hypotheses. The result of the study
revealed that public and private sectors as well as local income generation were the main sources of financing open and
distance education in Nigeria to offset the likely risks of its decline quality.