Impact of Inflation on Tertiary Institutions’ Research Programme in Nigeria
Keywords:
Inflation, Tertiary education, ResearchAbstract
This paper assessed the impact of inflation on the research programme of tertiary institutions in Nigeria. Relevant print and online journals, documents, government documents, international reports and conference papers were consulted and are sources of secondary data used in the paper. Content analysis was employed to align the literature to the theme line. The paper concluded that inflation has affected the effective implementation of research programmes in tertiary institutions in Nigeria. Specifically, the paper identified an increment in research resources, a reduction in the volume of academic paper publications and likely a drop in international ranking as an impact of inflation on research programmes of Nigerian tertiary institutions. Based on the above findings, the paper recommends the following; increment in the research funding of tertiary institutions by the government and other stakeholders. The government should subsidize research resources to enable research institutions to afford them for research development. The government should increase research funding for academic staff and researchers to enable them to continue with research-finding publications. The government should diversify the economy by increasing local production and empowering private investors with soft loans to increase production locally.
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