Conversion of Wasting Assets: an Innovative Funding of University Education for Sustainable Development in Benue State
Author: Dr. Ochai, Godwin Okibe & Dr. (Mrs.). Osuji, N. O
Abstract: The study explored conversion of wasting assets as innovative funding of universities for sustainable development in Benue state. Two research questions and two hypotheses guided the study. Descriptive survey design was adopted for the study. The population for the study comprised two public universities in Benue state made up of one thousand two hundred and seven (1,207) academic staff and university administrators in public universities in Benue state. Out of the population, sample of 270 (168 academic staff and 102 administrators) in public universities were selected through random sampling technique. Data collected were analyzed using mean, standard deviation while t-test at 0.05 level of significance was adopted in the testing the hypotheses. The results of the study indicate renovation of dilapidated buildings for rent and maintenance of abandoned vehicles for public transportation are innovative means of income generation. The findings of the study also reveals sale of broken furniture, sales of scrap computer sets and sales of wasted paper as innovative funding of university education for sustainable development. It was recommended that university management should take inventory of assets in the university. This will enable the university management to identify wasting assets. The wasting assets should be renovated and commercialized for income generation. Assets in the university identified as abandoned on wasting should be auction to the public. University management can generate income through conversion of wasting assets to cash.