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Assessing the Influence of Cost on the Implementation of Tetfund Projects in Selected Public Universities in Nigeria

Author: 1Nnadi Ezekiel Oluwaseun Ejiofor and 2Omerhi, Oghenetega John
Publisher: IAA Journal of Applied Sciences
Published: 2024
Section: School of Engineering and Applied Sciences

Abstract

The Academic Staff Union of University (ASUU) strike in Nigeria has highlighted the need for improved funding
options for public institutions, particularly in the education sector. A study on TETFUND projects in the Southeast
found that project success and cost performance are crucial for building projects. The study used a census technique,
questionnaires, and content validity to confirm the instrument's inclusivity and relevance to strategic leadership and
project management sustainability. The study reveals that the cost of every project is important, regardless of
funding, and that cost availability has hindered any TETfund project at State universities in South-East, Nigeria.
The majority of respondents strongly agreed that cost determines whether a TETfund project is completed with or
without a supervisor, and that cost gives contractors more chance of income during the TETfund project period.
Furthermore, the cost of the project motivates workers to complete it within an appropriate period. The analysis
shows that TETfund cost has a positive effect on the completion rate of projects across State Universities in South-
East, Nigeria, with an average mean value of 3.65>3.00. The test of hypotheses showed that TETfund cost has no
significant positive effect on the completion rate of projects across State Universities in South-East, Nigeria. The
results showed that the model in this table has a statistically significant positive effect, and the alternate conclusion
is accepted, as TETfund cost had a significant positive effect on the completion rate of the project across State
Universities