FUNDING: A PANACEA FOR FUNCTIONAL BUSINESS EDUCATION PROGRAMME

Authors

  • Salami Sarafadeen Segun (Ph.D) Al-Hikmah University Ilorin, Faculty of Education, Department of Educational Management and Counselling (Business Education Unit) Author
  • Sikiru Wasiu Aderemi Al-Hikmah University Ilorin, Faculty of Education, Department of Educational Management and Counselling (Business Education Unit) Author
  • Yusuf, Noimat Adeyinka Al-Hikmah University Ilorin, Faculty of Education, Department of Educational Management and Counselilng (Business Education Unit) Author

Keywords:

Functional, Business Education, Funding

Abstract

Functional Business Education programme can only be achieved through adequate provision and management of
funds. This study viewed Business Education as a programme that requires funds before its objectives could be
attained due to its nature of skills and competences acquisition. Funding is seen as the act of providing money for
the execution of a given project by an organization. Apart from this, sources of fund are equally discussed which
include: government allocation, donations from alumni association, Parent-Teachers Association (PTA) and private
sector contributions. Challenges of financing business programme are also discussed. The researcher suggested
among others that government should develop a realistic quality assurance approach to the administration of funds
specifically disbursed to cater for the Business Education programme; school administrators shoould explore other
alternative sources of financing functional Business Education programme to achieve its goal of self-reliance and
Business Educators should develop holistic approach towards securing funds from internal bodies like IMF and
World Banks.

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Published

2025-05-20

Issue

Vol. 2 No. 2 (2022): AJOBED

Section

Articles