Nigerian Journal of Banking and Financial Issues (NJBFI)

THE EFFECT OF INSTITUTIONAL OWNERSHIP ON ACADEMIC STAFF PRODUCTIVITY IN COLLEGES OF EDUCATION IN SOUTHWEST, NIGERIA

Abstract

The study looked at how the type of ownership of educational institutions influences the productivity of academic staff in colleges of education in southwest Nigeria. The research used a descriptive survey method. There were 5338 academic staff working in both public and private colleges in the region. To choose participants, a multistage sampling method was used. The study included 1026 people, which was made up of 100 department heads and 926 academic staff from 10 colleges selected based on convenience. A proportionate stratified sampling method and a purposive sampling method were used to pick the participants. A questionnaire called the Academic Staff Productivity Questionnaire was used to collect data. The data was analyzed using Analysis of Variance (ANOVA) with a significance level of 0.05. The results showed that F = 39.365 and p = 0.000, which means the null hypothesis was rejected. This shows that the type of ownership of educational institutions has a significant impact on the productivity of academic staff. The study suggested that owners of educational institutions, especially private ones, should offer better training programs to help improve the productivity of their academic staff.