The Management and Funding of Education in Nigeria
This paper looks at the management and funding of education in Nigeria. The concept of management and administration has been concisely defined. Also the historical background of educational management in Nigeria has been discussed alongside the management of primary education, secondary education and tertiary education in Nigeria. Furthermore, the funding of education has also been concisely discussed in this paper alongside the various sources of funds available to education in Nigeria. The sources include government grant, school fees, external aids, school revenue yielding businesses and so on. The budgetary allocation of Nigeria to education from 1999 to 2013 was also highlighted in this in paper and it was discovered that the lowest allocation was in 1999 with 4.46% while the highest allocation was in 2006 with 10.43%. It is also of note that, Nigeria is still yet to meet the recommendation of UNESCO of 26% budgetary allocation to education by developing countries. Recommendations have been drawn that the government should increase budgetary allocation to this sector in a consistent manner because of its importance to the national economy, hoping that with proper monitoring of fund, it would contribute more significantly to the development of the country. An effective utilization of such funds is also advocated for greater achievements. All organs of the government should exhibit good corporate governance and transparency and so on.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1124879Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 6636
 S. Adesina, “Memorandum submitted to the panel on Alternative Sources of Funding Education”. Lagos: Educational Industries Ltd. 1982.
 A. Adesua “Education Finance in Nigeria” in Introduction to Educational Planning. Adesina S. (ed) Ile-Ife, University of Ife Press. 1981.
 O. G. Agabi. Finance and Economic of Public Education. Port Harcourt: Nigeria, International Centre for Educational Services. 2002.
 T. M. Adewole. “Funding of Education in Nigeria”. In Journal of sociology and Education in Africa. Vol. 5, No 2 .2006. pg 59 -70.
 T.O. Adeyemi, ‘Financing of Education in Nigeria: An analytical review.’ American Journal of Social and Management Science 2(3) http://www.scihub.org/AJSMS. 2011. Pages 295-303.
 J.K. Adeyemi, Cost in Education in M. Nwadiani. Educational Management for Sub- Sahara Africa. Pp.66-80. Benin City: Nigerian Society for Educational Planning (NSEP). 1998.
 K. Ajayi, Teachers Mandate on Education for Social Development: New Direction in the Production and Retention of an Effective Teaching. In Elaturoti, D.C. and Kola, B. (eds) Teachers Mandate on Education and Social Development in Nigeria. Ibadan: Stirling - Horden Publishers. 2004.
 F Akinwumi, & A.O Jayeoba. Principles and Practice of Educational Management. Ibadan: Bash-Moses Printing Co. 2004.
 KA, Borokhovich, R.J, Bricker Brunarski K, B.J. Simkins, Finance Research Productivity and Influence by Topic Area. Journal of Financial Education. Retrieved on 23/01/2015 from www.bus.lsu.edu/ academics/finance/faculty/dchance/.../ACFi n.htm/1998. Pg.24:8-21.
 Central Bank of Nigeria First Quarter Statistical Bulletin Volume 2, Number 1, March. 2014 Abuja: CBN.
 H. Charles “MPs should work on better education funding”. Lagos: Vanguard Education and Manpower, 19(5167), Thursday, December 19, 2014 2002.P. 23.
 P. Collins Administration for development in Nigeria. Lagos: Redwood Limited. 1980.
 Edem, F. S. Handbook of Educational Foundations. Jos: Challenge Press. 2006.
 A.B. Fanfuwa. Nigerian Education: Yesteryears, Now and the Future in Abayomi F., Atilade D and Matswamgbe M. (Eds.) (2006). State of Education in Nigeria: What Hope for the Future? Lagos: Ajasin Foundation. 2003.
 Federal Government of Nigeria ‘National Policy on Education,’ (4th ed) Lagos: NERDC Press.2004.
 Federal Republic of Nigeria. ‘Development of Education 1984-1986.’National Report of Nigeria. Lagos: FME. 1986.
 K. Hinchifle, 'Public Expenditure on Education Nigeria: Issues, Estimates and some Implications. Abuja: World Bank. 2002.
 Nigerian University Scholarships List of most expensive universities in Nigeria and their school. Retrieved 09.01.2015 from nigerianuniversityscholarships.com/list-expensive-universities-nigeria-school-fees. 2014.
 Nwadiani, M and Sokefun O.A. Towards greater efficiency in educational administration in the 21st century. In P.O. Adesemowo eds. Basics of Education. Lagos: Triumph books publishers.1999.
 O. Nwosu, Philosophy of Nigerian Education: A Foundational Approach. Ugwashi-UKU: Mantin Industrial Press & Publishing Company. 2010.
 P.A.I. Obanya, Educationeering. Ibadan: HEBN Publishers Plc.2014.
 O. Ogbuzor, Financing Quality Basic Education in Nigeria. A keynote address delivered at a roundtable organized by the Commonwealth Education Form (CEF) at Rock view Hotel Abuja, 5th September, 2006. Retrieved from www.dawodu.com/igbuzor17.htm. 2006.
 J. Osuntokun, “Financing Higher Education”. Lagos: The Comet4 (1266). 2003.
 C.N. Ozurumba, and V.O. Ebuara, An Appraisal of Education Policy Implementation and Challenge of Leadership in Nigerian Universities. Journal of Research and Method in Education, Vol.3, Issue 6. www.iosrjournals.org 2013.
 V.F. Peratomode, Education Administrator Applied Concepts and Thoeretical. Perspectives. Lagos: Joja Educational Research and Publishers Limited. 1991.
 The World Bank, School Education in Nigeria: Preparing for Universal Basic Education. Human Development Africa Region September. 2003.
 UNESCO, A Decade of Basic Education Data in Nigeria. Paris: UNESCO. 2003.
 UNESCO, Education Sector Analysis. Retrieved January 12,2015from http://www.unesco.org/education/educprog/erd/english/com/news/workshop_alb.htm. l999.