Educating Nigerian University Administrators on Effective Resource Management for Sustainable Transformation in Economic Down Turn

Abstract

This paper emphasizes on educating Nigerian university administrators on effective resource management for sustainable transformation in economic down turn. It is centred on how university administrators can apply strategic resource management schemes to effectively make use of their human, financial and physical resources. The necessary changes university administrators should apply require intentionality. In order to achieve effective resource management, university administrators will need to plan for a proper functioning accounting department, infrastructure development, create new sources of income, etc. By doing so, Nigerian administrators can properly mitigate economic challenges and lay the foundation for sustainable development and prosperity of their universities. This paper provides an introduction which gives an overview of the topic. Next, it reviews current literature on the subject, examining the opinions of various authors on the papers topic which has been dissected to include discussions on educating, effective resource management, university administrators, economic downturn and sustainable development. A variety of issues related to this paper such as training of staff, increased cost due to economic meltdown and corruption in the fund management process are thoroughly discussed. The conclusion emphasizes the possibility for university administrators to step up and take charge of resource managing in a manner that is efficient and sustainable. Finally, suitable suggestions as to how to tackle the issues of this paper are proffered and are applicable to different administrators outside the purview of the university system. These include creating alternative funding sources for universities, collaborations with industries and regular training programmes for university administrators.