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

¹Nnadi Ezekiel Oluwaseun Ejiofor and ²Omerhi, Oghenetega John

¹ Civil Engineering Department, Kampala International University, Uganda

²Enugu State University of Science and  Technology Business School, Enugu

Corresponding author: Nnadi, E.O.E nnadiezekiel@kiu.ac.ug

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.

Keywords: Cost, Tetfund, Construction Projects, Public University

CITE AS: Nnadi Ezekiel Oluwaseun Ejiofor and Omerhi, Oghenetega John (2024). Assessing the Influence of Cost on the Implementation of Tetfund Projects in Selected Public Universities in Nigeria IAA Journal of Applied Sciences 11(2):10-16. https://doi.org/10.59298/IAAJAS/2024/112.10.16