FEDERAL GOVERNMENT FINANCIAL ALLOCATION PLANNING AND ITS CONTROL IN AN EDUCATIONAL INSTITUTION
(A CASE STUDY OF KADUNA POLYTECHNIC)
ABSTRACT
This study examines the Federal Government financial allocation, planning and its control in an educational institution. It is aimed at proffering solutions to the challenges of allocation of funds in educational institutions. The questionnaire was used to record respondents’ responses. This is because it is effective in data collection. It was discovered that insufficient student welfare makes it difficult for some students to achieve their aims and objectives. It is also recommended that budget allocation for staff training and development should be enhanced as a tool for motivation.
TABLE OF CONTENTS
Title page i
Declaration ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract vii
Table of content viii
CHAPTER ONE: INTRODUCTION
1.1 General background to the study 1
1.2 Statement of the problem 1
1.3 Objective of the study 5
1.4 Research Questions 6
1.5 Significance of the Study 6
1.6 Scope and Delimitation 8
1.7 Definition of Terms 9
1.8 Summary 10
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.0 Introduction 11
2.1 Brief history of Kaduna Polytechnic 11
2.2 Budget Preparations 16
2.3 Type of budget in public sector 21
2.4 Difference between public and private sector budget 23
2.5 Summary 28
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Introduction 30
3.2 Research designs 30
3.3 Methods of data collection 31
3.4 Methods of data analysis 32
3.5 Summary 32
CHAPTER FOUR: DATA PRESENTATION ANALYSIS AND INTERPRETATION
4.1 Introduction 33
4.2 Presentation of Data 36
4.3 Testing of Hypothesis 42
4.4 Findings 43
4.5 Summary 44
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.0 Introduction 46
5.1 Summary 46
5.2 Conclusions 47
5.3 Recommendations 47
Reference 49
Appendix 50
CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Higher educational institution especially in Nigeria are known for insufficient allocation of resources from government/stakeholder that set them up and other resources centres. In most instances, management of these institution fall challenges of having to apply in adequate resources to meeting the multi-dimensional objectives in producing good output. This has always been a serious process.
This therefore necessitate the need to draw policies that will help in the management of this facilities. Consequently there is a need to also evaluate these policies and its management in order to known its efficiency.
1.2 STATEMENT OF THE PROBLEM
The roles and high educational institutions in achieving national objectives can best be expressed as a series of tasks wich must be fulfilled.
They cannot be accomplished over night. These tasks are described as:
Passing on the heritage of the past.
- When a child is born he begins a new personal existence, but he also joins an old established society. One of the roles institutions plays is to pass on to him the knowledge is very great. The present generation is deeply indebted to past generation for all past discoveries, inventions and accumulated experiences that have been handed down to them. Civilization would cease to exist if every the heritage of the past were with held from present.
In the past this heritage was past on through the family or by contact between individuals.
Today, the increased volume of knowledge and greater number of people acquiring it, requires extra schools in form of private institutions organized by individual and bodies.
Preparing for the future
- To prepare pupils for living in the modern society, higher institutions must prepare individuals spirit, mind and body. Decent behaviour must be instilled, useful skills and healthy activities of the mind encouraged. These three things are necessary not just preparing the children for earning a living, but for coping with the problems of the society which they will soon find themselves as adult members and also putting purpose into living.
- Education gives a satisfying purpose for all we lean and it keeps us from living a life that is purposeless and help us to show the people we teach that our labours in teaching them and their efforts at learning after for a better purpose than just making them skilled, but will help them to become man and woman of real understanding.
- Higher institutions need to convince their pupils and student that life has purpose and education is worth while.
Training the Labour Force
- Higher institution help the nation in developing low, middle and high level man power necessary for economic development. These higher institutions train a significant number of the country’s labour force such as technicians, accountants, confidential secretaries, typists etc.
- The top management cannot function properly without the support of these categories of the labour force. They are like the foundation on which a building rests. The wheel of economic progress will not move without the support of these categories of labour force trained by higher institutions.
Without adequate funds, these tasks or objectives cannot be accomplished. The institution runs various courses both at certificate, national and higher national diploma levels.
Good financial allocation and control are needed to ensure the success of the courses offered.
Financial allocation is needed for planning the scarce resource of the institution, while control ensures that the action of the institution management move to towards the stated objectives. Kaduna Polytechnic has important roles to play in developing the management needed in the country, but this role can be severely limited if the institution is not adequately funded.
- The problem we wish to investigate is adequate finance being provided to higher educational institutions such as Kaduna Polytechnic in achieving these tasks.
1.3 OBJECTIVES OF THE STUDY
The objectives of the study are:
1. To examine the federal government financial allocation and planning and its control in an educational institutional account.
2. To identify out the activities of federal government financial allocation and planning and its control in an educational institutions account.
3. To identify the problem of activities of federal government financial allocation and planning and its control in an educational institutions accounts.
4. To identify the possible solution in the problem of activities of federal government financial allocation and planning and its control in an educational institutional accounts.
1.4 RESEARCH QUESTIONS
1. What are the federal government financial allocation and planning and its control in an educational allocation?
2. What are the activities of federal government financial allocation and planning and its control in an educational institution?
3. What are the problem of federal government, financial allocation and planning and its control in an educational institution accounts?
4. What are the possible solutions to he identified problem in federal government financial planning allocation and its control in an educational institution accounts?
1.5 SIGNIFICANCE OF THE STUDY
The findings of this study will be of immense benefit to the polytechnics. In other words, the staff, graduating student and those who want to study in the Kaduna Polytechnic and so on.
It will also benefit the recently proposed polytechnic commission, (NBTE) National Board for Technical Education, (WAEC) West African Examination Council, (NECO) National Examination Council, (JAMB) Joint Admission and Matriculation Board and other examination bodies.
- An efficient manpower development programme will enhance staff motivation towards acquiring additional qualifications. This in turn will contribute immeasurably towards the overall attainment of the Kaduna Polytechnic objectives.
