Diversification of the possible sources of financing public secondary schools in Nigeria

Abstract

Education is the most imponant factor of development. The success of public secondary school education is hinged on adequate financing. It is with funds that physical facilities are set up and maintained, equipment procured, goods and services provided and manpower employed and maintained. It is clear that the funding of public secondary schools in Nigeria cannot be solely the responsibility of government. This is because government has several activities and projects to execute at the expense of declining national income. Hence, the need for diversifying sources of revenue to compliment governments effort. Some of the possible sources are; school fees; school commercial activities; fund raising; support from activities of alumni associations (old students association) such as annual conventions, dinner etc; schools extra curricula activities; school farm such as poultry farm etc; school equipment leasing and Education Task Fund intervention among others.