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funding of postgraduate programs at 80 % of the unit cost where the beneficiaries can be bonded to a university for a prescribed period .

10 . DO YOU BELIEVE THAT THE UNIVERSITY EDUCATION DATA MANAGEMENT INFORMATION SYSTEM WILL PROMOTE ACCOUNTABILITY IN ENROLMENT NUMBERS ?

Yes , definitely , this is a key challenge . Currently , we do not have a centralized data management system . We need a publically accountable system that is transparent and can confirm ; the students admitted , when they entered , when they left or completed or if they have ever completed and from this we can establish transition rates . This will help us start funding universities based on their transition rates , i . e , how many students graduated during a certain year , if their national priority programs , how many students are in that program . The data collected will not only promote public access to information relating to the sector but it will also enable the Fund plan strategically for projects and improve the management of the disbursed fund . In addition it will enhance public accountability and transparency , self-improvement , and encourage performance-based funding .

11 . WHAT ARE YOUR PARTING WORDS !

I will be brief . We want to ensure that in the next 2 to 3 years universities start turning around and there ’ s sustainable financing for universities in this country in line with the Sustainable Development Goal 4 , that is our key role , sustainability .

Geoffrey Monari is the Chief Executive Officer , Universities Fund

Internally universities should consider building their capacity , especially on financial management so that we have managers who are business oriented and able to keep these institutions afloat .

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EdSource Quarterly | Oct-Dec l 2021