Al-Hikmah University Central Journal
FUNDING: A PANACEA FOR FUNCTIONAL BUSINESS EDUCATION PROGRAMME
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