Survey Of Different Sources Of Income For Development Of Secondary Schools

CHAPTER ONE INTRODUCTION 1.1 Background of the Study Financing formal education in Nigeria has become an issue of public concern as a result of the present economic down turn and worldwide inflation. According to Central Bank of Nigeria (2003), poor financing has been the bane of Nigerian education system to the extent that the budgetary allocation has been very low. Furthermore, the federal government allocation to education has declined steadily since 1999 and is much lower than average in the last five years. This is particularly important in view of huge increase in number of intake at …