Prof Kasozi said the current model where government fund higher education directly is very backward and causing problems because government cant let the universities to operate freely. He also argued that government cant finance higher education due to budgetary constraints.
Kasozi says universities should continue receiving funds from multiple sources including government but the allocation should be determined by an independent body such as a grants committee or NCHE.
This according to Prof Kasozi would shield higher education institutions from government bureaucracy and interference.
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He also proposed the introduction of endowment fund, national education lotteries for human education, education investment fund and private sector as additional sources of funds for universities.
"The aim of the model is that when government gives money directly to a university, it ties the institutions to its bureaucracy and red tape. The intermediary bodies (such as national council for higher education) protect the state and government from mistakes they may commit but also protect universities from state interference," he said.
Prof Kasozi said the current model where government fund higher education directly is very backward and causing problems because government can't let the universities to operate freely. He also argued that government can't finance higher education due to budgetary constraints.
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And if government is to continue financing higher education, Prof Kasozi argued it must focus on the available jobs in the Labour market. "To increase enrollment without undermine the quality of graduates, we must divert away from the current model which assumes that the state must fund higher education. We should also know that the role of a university is to produce innovative graduates who can fit in the digital market," he argued.
He was speaking at a dialogue on link between higher education and national development in Uganda organized by Makerere University Visitation Committee at office of the president on Tuesday. Speaking at the same dialogue, Dr. Louis Kasekende, the Deputy Bank of Uganda Governor, the current education model is unsustainable because of many graduates who can't find jobs.
"Too many people receive education given demands of the Labour market both currently and in the future. If you look at the demands of the market, we have many graduates without jobs," Dr. Kasekende said. Adding that, "the key contribution that the education system can make towards economic development is to provide young people with education and vocational skills, which the economy will need when they enter work force".
He argued that it is higher productivity from graduates which result in higher economic output. "We can only recoup education from increased productivity and income stream generated from educating an individual. If the costs of higher education exceed the discounted benefit, not system of financing will be sustainable without subsidy from another sector," he noted.