SURVEY OF DIFFERENT SOURCES OF INCOME FOR DEVELOPMENT OF SECONDARY SCHOOLS IN YOLA METROPOLIS
CHAPTER ONE
INTRODUCTION
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 all levels of education primary, secondary schools and tertiary. Ajetomob and Ayanwale (2004) observed that one of the approaches government adopts in financing education in Nigeria is the annual budgetary allocation to the sector that are distributed as subvention or grants to the different levels of education the grants or subventions are made through respective education ministry of government by the coordinating agencies of education such as the National University Commission (NUC), National Commission for Colleges of Education (NABTEB), Secondary schools Education Management Board (SEMB) and Universal Basic Education
Commission. They went further to say that since the oil crisis in the eighties, the proportion of capital budget allocated to education has been consistently lower than the proportion of recurrent expenditure over the years, the government capital expenditure allocated to education as a percentage of total capital budgets ranged from as low as 1.7 percent in 1999 and not up to 9% in all case. Like total budget, the proportion was not consistent and this however, has retarded progresses in building facilities (Okunamiri, 2007). This view agrees with Moja (2000) when he asserts that building of classroom has not kept up with increased enrollment in all levels of Education in Nigeria.
