COST BENEFITS ANALYSIS OF PH.D EDUCATION IN NIGERIA

This research work examined the cost beneβits of Ph. D programmes in Nige-ria. It was a descriptive design of a survey type. The population of the studywas all the lecturers and Ph.D students of the University of Ado-Ekiti, Nige-ria, 150 Lecturers and students were selected through simple random samplingand purposive techniques. Two sets of research instruments were used one forthe lecturers and the second one for the students currently undergoing Ph.Dprogrammes. The validity of the instruments was done with the use of con-tent, construct and face validities. Descriptive analysis was used to analyse thedata collected. The results showed that the cost of Ph.D programme was highercompare to lower degrees, the prospect cadre for Ph.D was high and that theβinancial and other beneβits of Ph.D holders were higher than other degrees.