Impact of Inflation on Funding of Business Students’ Educational Programme in Colleges of Education in Delta State

Abstract

This study examined the impact of inflation on the funding of business students’ educational programme in Colleges of Education in Delta State. The rising inflation in Nigeria currently has become the common queries of every household today. Although education is considered a child’s right, but in reality, it is a luxury, and not all can afford it. Hence, this study focused on the influence of cost of transportation, feeding, accommodation and textbooks on the funding of business students’ educational programme in Colleges of Education in Delta State. Four research questions were raised in line with the purpose to guide the study. The population comprised 438 business education students in three Colleges of Education in Delta State. The sample size was 210 respondents from the three selected Colleges of Education in Delta State using Taro Yamane formula. Instrument used for data collection was structured questionnaire. The instrument was validated by two experts from School of Secondary Education (Business), Federal College of Education (Technical) Asaba. The instrument yielded a coefficient of 0.88 when analyzed using Cronbach Alpha to ascertain the reliability. Validated copies of the instruments were distributed to the students with the help of two experienced research assistants. Out of the 210 instruments distributed, 167 were valid for use. The data collected were analyzed using mean and standard deviation. Findings revealed that cost of transportation, feeding, accommodation and textbooks influenced the funding of business students’ educational programme in Colleges of Education in Delta State. It was recommended among others that business education students’ association in collaboration with students union government should solicit help from government and private sectors to provide subsidized transportation means to reduce the cost of transportation to and off campus.

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