FINANCING EDUCATION IN A DEPRESSED ECONOMY:

FINANCING EDUCATION IN A DEPRESSED ECONOMY:

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.

TABLE OF CONTENT

Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi

CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10

CHAPTER TWO

LITERATURE REVIEW – – – – – – -11

CHAPTER THREE

Research methodology – – – – – – -39
Design of study – – – – – – – -40

CHAPTER FOUR

Presentation, analysis and interpretation of data – -48

CHAPTER FIVE

Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69

FINANCING EDUCATION IN A DEPRESSED ECONOMY:

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