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Journal of Emerging Trends in Educational Research and Policy Studies (JETERAPS) (Vol 1 No 1)
Article Title: Planning and Financing Education for Socio-Economic Growth and Development of Nigeria: Comments and Challenges
by Anthony Adekunle Owojori and Iwarere, H.T

Abstract:
This paper identified that education has attracted huge investments over the years with only little level of development to show. It however indicated that certain shortcomings attended the administration of the formal and the non-formal education systems. The paper also threw light on the failure to provide education the needed allocated budget according to contemporary global development requirements which is 26% of the ational budget. It also noted the error in wrong manpower deployment to duties that are not relevant to areas of skill training. This paper examined the planning of education with particular emphasis on the igerian experiences vis-a-vis previous educational programmes and policies, implementation and financial implication. It is noted that igeria has toyed with various education programmes, which implementation were faulty and consequently collapsed. It was noted that lack of adequate preparation, lack of foresight and inaccurate projection were mainly responsible for the failure of educational plans and policies in igeria. Other factors include premature assessment and evaluation, under-funding and political instability. Measures to enhance improved result were found to include adequate monitoring of fund, improved attention to planning and funding of pre-schools and vocational centres, and improved understanding between the politicians and academic and regular facility inspection in schools for accurate action. The paper recommended that learning contents should be integrated with the job contents that are provided for in the national development plan. Government is advised to increase its concern on the funding and management of the system. Government is also urged to ensure stability in polity, and eradicate bottleneck and corrupt deployment practices by civil servants.
Keywords: education, planning, financing, development, growth, economy, manpower, investment
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