FINANCING EDUCATION IN A DEPRESSED ECONOMY:
FINANCING EDUCATION IN A DEPRESSED ECONOMY:
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Date
1998-02
Authors
KAOJE, MUHAMMAD BELLO
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Abstract
ABSTRACT
Education is an inestimable investment in any society or an individual. It confers
on society and individual roles and values which tend to change them for good.
It is an instrument par excellence for social change. No wonder; most civilised
countries allocate a sizeable chunk of their annual budgets to education.
In this research work, attempts were made to assess the financing of education
in a depressed economy as we have been experiencing over a decade now.
The pattern of government financing as experienced by National Teachers’
Institute was shown and tabulated and it presented a good example of the
underfunding of education by government in Nigeria.
The research work also highlighted some of the flaws associated with
under-funding and solutions were proffered. It was discovered that government
cannot meet up with the cost of education at this era of economic depression
and high inflation as a result of increase in student’s enrolments, staff emolument
and cost of providing infrastructures. In was therefore recommended that
distance learning programmes with less cost, high population and few
infrastructures should be practiced as it is done in many parts of the world today,
this is the only way government funding of education can be met while greater
percentage of the populace will be reached as well.
Description
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY,
ZIRIA
Keywords
FINANCING,, EDUCATION,, DEPRESSED,, ECONOMY,, CASE,, STUDY,, NATIONAL,, TEACHERS’,, INSTITUTE.