Build-Operate-Manage-Transfer Model (BOMT) is a term of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility stated in the concession contract. This enables the project proponent to recover it's investment, operating and maintenance expensea on the project.
Read more on BOMT models here : http://en.wikipedia.org/wiki/Build-Operate-Transfer

Following the decay in our eductional system, and the never ending strike actions embarked on by our tertiary institutions for lack of necessary learning infrastructures and salary payment, there is need for us to start thinking of solutions to our problems instead of the constant back and forth bickering of who's to blame. BOMT have been used in Nigeria for road construction projects and airport construction projects, will a Public-Private Partnership also be successful in the tertiary institutions?

Personally, I believe this will work. Other than taking away government monopoly from the system(since it's agreed that the government lack management capacity), it will bring about competition amongst the interested private companies. Competition is good as it brings about innovation and creativity.

The only setback I can see to this plan is the increment of school fees, but wouldn't that be a small price to pay for uninterrupted and world class learning environment? What are your views? Will this work? Are there any other possible setbacks to the system you envisage?

Whao at least this would put an end to strike palava in Nigeria.

well if you see a set-back then it is not worth it.

Fynestboi: Whao at least this would put an end to strike palava in Nigeria.

is this the Fynestboi i know? Female?

Yahoo1: well if you see a set-back then it is not worth it.

Are you one of those who want benefits without costs?

uj_sizzle:
Are you one of those who want benefits without costs?

The guy does not want to be fool jawe!
Benefits without costs have been cause of duplication of greed!
If This BOMT Was successful in d transportation sector,I see no reasons why the educational Industry should resist this development!
BTW, was there any positive outcome concerning the FG and ASUU meeting?

emekakelvin:
The guy does not want to be fool jawe!
Benefits without costs have been cause of duplication of greed!
If This BOMT Was successful in d transportation sector,I see no reasons why the educational Industry should resist this development!
BTW, was there any positive outcome concerning the FG and ASUU meeting?

Not that I know of

Not with d extent of poverty in this country, the common man is doomed

doc sholz: Not with d extent of poverty in this country, the common man is doomed

Increment in school fees is inevitable BOMT or no. Wouldn't you rather pay more and see a positive change, than still pay more with no visible difference in the system?

uj_sizzle:
Are you one of those who want benefits without costs?

Are you one of those that wants those that can't afford the cost to drop out?

So much to say but at the end, we'll still be moving in circles again.
So I comment to reserve my post.
----
Now. This model you are proposing will definitely work for nigerian tertiary institutions.
BUT that is if it is properly managed, and if the people trust and believe in the system which is most important.
My opinion is that many things can work in Nigeria with proper management.
Now again. We must aknowledge the fact that the model could fail if it should facilitate the building of infrastructures and facilities alone. Except it is hybridized to encourage the building of human resources as well. What this means is that some other private parastatals would support the system by sponsoring some students and claiming them afterwards.
I hate to give examples of other countries here because we all know that Nigeria's case is special and should be treated without references.!(this is one of my conflicts with Ngozi)

Some parents have benefitted immensly from this strike. They've been relieved temporarily of their wards' tuition financial burden and have time to recover till when next they resume. This being said, I'll want to tell you that even as it stands currently, money is an issue. Just like the fuel-subsidy drama we witnessed in recent years, the expectedly huge fees for such 'perhaps uninterrupted education' will not be light on the parents/guardians, given their current financial discomfort with the current tuitions. So, it's still a 'rich man's' affair. BOMT will favour one aspect of the society at an alarming rate. It is good and will benefit the whole of Nigeria in, say, 30-40 years or more, as increased competition will repeatedly lower their prices. Can we wait that long?

It is not advisable because he who pays the piper dictates the tone.
The business opportunist will see it as a means to buy in and award cheap degrees to themselves. Just like it is happening in the private nusery and secondary schools, the ones with the best results are patronized , so to make quick returns on their investment , the system might be corrupted to give an impression of a guaranteed good result when you enroll. The more people the more school fees paid.
in the end, the entire system will be rubbish.
Universities should be operated without undue interferences from profit oriented opportunist.

UjSizzle:
Build-Operate-Manage-Transfer Model (BOMT) is a term of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility stated in the concession contract. This enables the project proponent to recover it's investment, operating and maintenance expensea on the project.
Read more on BOMT models here : http://en.wikipedia.org/wiki/Build-Operate-Transfer

Following the decay in our eductional system, and the never ending strike actions embarked on by our tertiary institutions for lack of necessary learning infrastructures and salary payment, there is need for us to start thinking of solutions to our problems instead of the constant back and forth bickering of who's to blame. BOMT have been used in Nigeria for road construction projects and airport construction projects, will a Public-Private Partnership also be successful in the tertiary institutions?

Personally, I believe this will work. Other than taking away government monopoly from the system(since it's agreed that the government lack management capacity), it will bring about competition amongst the interested private companies. Competition is good as it brings about innovation and creativity.

The only setback I can see to this plan is the increment of school fees, but wouldn't that be a small price to pay for uninterrupted and world class learning environment? What are your views? Will this work? Are there any other possible setbacks to the system you envisage?

If this model will increase the tuition fees, then we have not found a workable model

The issue of the fees definitely makes this a No-No. There are private universities in abundance, and therefore we don't need more quasi-private universities.

Under the BOMT structure, the number one aim of the companies will be to recoup cost and make profit. This will not in any way augur well for the improvement of our educational system because money will be prioritized over quality. The private entities will impose prohibitive tuition fees which is counter productive. Our main aim now should be how to get more parents to send their children to universities as there are currently thousands of youths who cant afford even some federal universities' fees despite their general affordability.
Also, these kinda schools as some have mentioned above will be highly susceptible to a cash for certificate scheme

Another area of concern is what happens when the inevitable wrangling and disagreement occurs between the government and the private entities. It is the students who will surely bear the brunt of the clash. A good example is the current legal impasse between Bi Courtney limited and the federal government. Bi-Courtney also entered into a B.O.T with the fed govt like the one being proposed by the OP. Relations between the parties soured after that and they are still going back and forth across all the courts till now. I foresee a situation where after building the schools, the govt will find one silly issue, make a meal of it and attempt to take over the control of the universities. When this is inevitably resisted the operation of the schools will gring to a halt and the students will be left high and dry.

BOMT is not in any way the solution now. We already have fed universities now in every state of the federation. Any body who can afford the fees of the BOMT fees can feasibly afford a good private university. Our aim now shouldn't be to build more schools, (quantity) we should endeavor to upgrade the existing ones to world class standard (quality).

We need not add to the pains of the commoners. If the government would be willing to find a way of providing funding to the many shortchanged population, that would be fine. Anything contrary to this is adding salt to injury.

Some models won't just work in Nigeria. For something like this to work, there might be the need to overhaul many institutions with the hope of birthing and cementing a lasting solution.

Like a sort of recalibration.