Funding is crucial to the successful execution of any project and the education sector is no exception. Adequate funding is a requirement for the success of any educational programme. Education requires proper funding to attain its objectives. This study investigates the factors responsible for the poor funding of schools and its effect in Suleja Local Government Area of Niger State. Descriptive survey research design was adopted for the study. Structured questionnaires using four Likert styles were used for data collection and the data collected were analyzed using frequency distribution and simple percentage counts. Finding revealed misappropriation of funds and embezzlements misplacement of priority by the government, unstable government educational policies, lack of effective administration and planning, devaluation of the nation’s currency, dilapidated infrastructures, shortage of educational facilities, poor motivation for teachers, inadequate teaching and learning material and failure of educational programmes.
Adequate funding is a sine qua non to the implementation of any programme. No plan or policy can survive without funding. Funding is crucial to the successful execution of any project and the education sector is no exception. The success of any educational programme depends mainly on the amount of money allocated to it.
One of the resources which education utilizes a great deal is money and this is very important input on which the success of any education system depends (Aghenta 1984: 238). Education requires proper funding, to attain its objectives. The need for adequate financial resources for the school cannot be overstated. It is the financial foundation that determines the adequacy and relevance of school building furniture purchase of library books, teaching aids, and equipment for the teaching of students, quality of curriculum as well as daily management of the school (Agvoko Gbuo 2003:62).
Education has become one of the most expensive ventures in the world. Education is one of the consumptive sectors of government. The success or failure of education depends to a large extent on the nation’s economy. Education utilizes large amounts of a country’s available resources and how it does this, affects the well – being of the population. In all countries education after acts considerable attention in public expenditure services of its position as social services with direct economic significance.
Various governments in Nigeria over the years have been shrugging on how to finance education. The cost and financing of education had gained a lot of attention since pre-independence era. As being claimed by the National Policy on Education Section 1, 3 stated that “the success of any system of education is hinged on adequate financing. The New National Policy on Education emphatically stressed that “education in Nigeria is no more a private enterprise, but a huge government venture that has witnessed a progressive evolution of governments’ complete dynamic and active participation” (Abdulka Rcem, 1990:41) since that time successive Nigerian governments have been committing enormous part of their resources to development of education in the country.
There has been a growing interest in the financial aspects of education in recent times. The UNESCO recommendation on budgetary should allocate 26 percent to education; Vision 2010 Committee also recommended that the country should spend at least 35 percent of the annual budget on education.
Presently in Nigeria, the public sector mode of education finance is deplorable. Government expenditure on education is hardly adequate to meet the recurrent cost. Little attention is paid to the education sector funding – wise and that much of the small amount of money given to education is often for recurrent expenditure. It is ironical that Nigeria had not got near to these recommendations of both UNESCO and VISION 2010 in respect of budgetary allocation. Available figures show that government allocation to the education sector has been constantly deprecating.
Education in Nigeria is poorly funded, the education system in Nigeria is faced with a lot of finance (Nguru and Jibo, 2009:21) education and economic developments of a country are related. Due to the economic development of Nigeria, our society is experiencing a rapid change. Poor financial investment has been the bane of Nigeria education system to the extent that the budget allocation has been very low compared to other sectors in the country.
In the face of an acute shortage of funds, other inputs suffer set back, which in turn influence the level of quality education. Due to poor financing, the quality of education offered is affected by poor attendance and inadequate preparation by teachers, the morale of teachers is low due to an inadequate basic condition of service, low salaries, and conditions of facilities are still a far cry from being acceptable basically due to the past and present under-funding. The learning environment of our schools is characterized as mentally blighting, dilapidated and acute under-funding for consumable materials and replacement of worn-out-tools and equipment which most schools are experiencing is so neglected.
In view of the above mentioned, the researcher decided to conduct an investigation into the factors, responsible for the poor funding of schools and its effect in Suleja Local Government Area of Niger State.
The study recommended that the policy of public-private partnership should be enunciated, the government should decentralize the national economy, alumni association should assist their alma-mater and wealthy Nigerians should sacrifice part of their wealth to fund schools.