Return on Investments (ROI) in Business Education in Nigeria and Undergraduates’ Skills Development for Global Competitiveness
Edet Effiong Okon
University of Calabar, Nigeria.
Volume 13: 2018, pp. 199-220; ABSTRACT
This study determined the influence of current and expected investments in business education on undergraduates’ skills development for global competitiveness. The study achieved 3 specific objectives, answered 3 research questions and tested 3 null hypotheses. The survey design was adopted for the study. A population of 2, 080 participants (2, 011 graduates and 69 academic staff was used of which 460 (22 per cent) respondents (comprising 420 (20.9 per cent) graduates and 40 (58 per cent) academic staff) was sampled for the study. Three researcher-designed questionnaire, (duly validated with reliability coefficients of 0.86, 0.7 and 0.91) generated data for the study. The 3 null hypotheses were tested using Multiple Regression Analysis (MRA). The findings made were that current and expected investments in business education influence returns (graduates’ skills development) for global competitiveness. Recommendations made are that: more academic staff should be employed in Federal Universities for business education Program in order to reverse the lopsided ratio of lecturer to student; among others. It is therefore concluded that returns in business education is proportional to the level of investment.
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