FEDERAL GOVERNMENT FINANCIAL ALLOCATION PLANNING AND ITS CONTROL IN AN EDUCATIONAL INSTITUTION (A CASE STUDY OF KADUNA POLYTECHNIC)
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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.
-
Accordingly,
this research work will be of benefit to these groups in the following ways.
-
It will
assist the management of Kaduna Polytechnic in updating it manpower development
programmes towards meeting the present day realities.
-
It will
assist the polytechnic with useful information and guide in the area of
utilizing its human resources in the best possible ways.
-
It will
further enhance the quality of the products from Kaduna Polytechnic in terms of
its graduates. This is so because the quality of manpower in any given
organization determines the quality of its output.
-
The
employers of labour will benefit tremendously from the enhanced quality of
graduates of that will be available for employment.
-
The
academic staff that will have their confidence enhanced and their morale
boasted.
-
The
findings of the research work will also benefit a great deal the ministry of
science and technology, ministry of educational and the federal government of
Nigeria, and all planning and designing special educational and promotional
programmes for Nigerian Polytechnics.
1.6
SCOPE AND DELIMITATION
The term study examines the federal governments
financial allocation and planning and its control in an educational institution
account. An examination on how the activities of federal governments financial
allocation affect the planning and control in Kaduna Polytechnic account.
The study equally covers in-depth and possible problem that would be
militating against the effectiveness of federal government financial allocation
on educational institution account. The research work is rested to Kaduna Polytechnic
in Kaduna north local government area not positively correlated with the number
of students in the institutions.
1.7
DEFINITIONS OF TERMS
(NBTE): National Board for Technical Education.
(WAEC): West African Examination Council
(NECO): National Examination Council
(JAMB): Joint Admission and Matriculation Board
Polytechnic
institution: A
technical school offering instruction in many industrial arts and applied
sciences.
Polytechnic: School providing instructions in many scientific
and technical subjects.
Adequate
Financial Resources: Refers
to the state where a person or an organization is in position of financial
adequacy.
Financial
Planning: In general usage a
financial plan can be a budget, a plan for spending and saving future income.
1.8
SUMMARY
This study is restricted to the growth of Nigerian federal government
and also in Kaduna Polytechnic in students’ population, courses offered,
fundings, educational institutions of its planning and control in Nigeria.
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