ACCOUNTING FOR FINANCIAL RESOURCE INVESTMENT ON INFORMATION AND COMMUNICATION TECHNOLOGY TOWARDS MANAGEMENT AND SOCIAL INNOVATION IN TERTIARY INSTITUTIONS IN NIGERIA

The study aimed at determining the justification of financial resource investment on information and Communication Technology (ICT) facilities in tertiary institutions in Nigeria. It is a descriptive survey research targeted on the population of students and lecturers of private and public colleges of education, polytechnics / Montechnics and universities recognized by their respective regulatory bodies in Nigeria. The sample of the study was 230 users (Students and Lecturers) selected using judgemental sampling technique. Instrument for data collection was structured questionnaire and the data were analyzed using mean score while hypotheses were tested using Z-test statistic. The findings were that users do not spend commensurate hours on ICT facilities, that there were no alternative sources to ICT facilities preferred by users of the ICT facilities for optimal productivity. Also, there were barriers such as inconsistent electricity supply, time constraint due to academic activities, poor network, Poor maintenance among others. The implication is that the anticipated objective of adoption and usage of ICT facilities in teaching and learning is still yet to be achieved. It is therefore recommended that users should desire to spend sufficient time restructuring their work schedule to allow effective ICT practice and usage. Also the various regulatory bodies and government should step up actions to curb barriers associated with ICT usage in the institutions.         

Keywords: Financial Investment, Information and Communication Technology, Management Innovation, Social Innovation and Tertiary Institution.