AN EMPIRICAL ANALYSIS OF THE FACTORS INFLUENCING THE PRIVATE COST OF
TEACHER EDUCATION IN SOUTH-WESTERN NIGERIA

GIWA, Agbolade Babatunde Ph.D & SHEU, Nurudeen Adebayo
Department of Economics,
School of Arts and Social Science,
Federal College of Education (Special), Oyo, Oyo state, Nigeria
Corresponding Email: sheunurudeen1992@fcesoyo.edu.ng

Abstract
This study investigated the determinants of private cost of university education in the South-Western, Nigeria. This study adopted descriptive survey research design of ex-post facto type. This is because the variables being investigated cannot be controlled by the investigator as the event had occurred. Besides, the researcher essentially described a phenomenon that was already in existence. Stratified random technique was used to sample 2, 212 through research instrument titledโ€ โ€œPrivate Cost of Teacher Education Inventory (PCTEI). Data collected were analyzed using z-test Statistic and Regression Analysis. The study revealed significant variation in the private cost of university education due to
ownership, gender, residential type and the type institution. Further, programme of study did not reveal strong effect on private cost of university education. Consequently, there is every need for teacher education programmes to be subsidized to ameliorate the private cost burden either by increasing the subvention or award of bursaries and scholarships to students.

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