Public Private Partnership (PPP) and collaboration in education: A panacea for sustainable development of Tertiary Institutions in Nigeria

Abstract

Every country’s development is practically anchored on education and its basic conditions for socio-economic and technological transformation of the nation. This paper examined the extent to which public-private partnership and collaboration in education contributes in the sustainable development of tertiary institutions in the areas such as infrastructural and human development. The paper x-rays the concepts of public private partnership and sustainable development of tertiary institutions, types of public-private partnership. The paper also examine the benefits public-private partnership and collaboration in education, such as cost saving, enhancement of revenue generation and others. It further examines the role of public-private partnership and collaboration in education; it also highlighted the risks associated with public–private partnership in development programmes. The paper further reveals that the attainment of meaningful and sustainable development requires the genuine participation of the public, the organized private sectors, donor agencies, individuals and civil society. Such as loss of control by the public sector where private partners commit more funds to a project than the public sector, there is a likelihood that private partners would seek for more control over how services are provided and priced. It further examined the ten tips for successful public- private partnership in higher institution. The paper recommended among others that public-private partnership should be encouraged for sustainability of our university systems.