Strategies for Funding Business Education for Economic Development in Nigeria

Adegoke-Samuel; Elizabeth; Gbolagade; Sarah Omobola; Gbadegesin; Afees Akinade

doi:10.56201/ijebm.v10.no11.2024.pg308.315

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Strategies for Funding Business Education for Economic Development in Nigeria

Adegoke-Samuel, Elizabeth, Gbolagade, Sarah Omobola, ., Gbadegesin, Afees Akinade

Abstract

As important as Business Education is in the nation educational system, funding is its major problem. Business Education is a programme that ought to provide skills for recipients to gain employment in business community or in government department. To give a meaningful training in Business Education, the institution giving the training must be equipped with the appliances on which it intends to give instructions. It is observed by the researchers that the current Business Education course structure is adequate with regard to job creation to meet the current information technology age demands. This paper highlights the problems of business education in Nigeria to include, poor funding, staffing, lack of facilities, poor remunerations for staff, lack of cooperation from parents, and poor appreciation of the programmes of study by the government policies. Business education programmes is not effectively funded within the nation. Thereafter, the paper also examines the strategies for funding functional business education. Conclusion and recommendations were made among others that Federal, State Government and stakeholders should adequately fund business education programmes to overcome some of its challenges, experts in business education should be used as headship of the programmes. This is because non-experts as headship of business education will not understand the actual need and challenges to the programmes, TETFUND, ETF, PTDF and others should be made to fund the universities appropriately which in turn will help business education programmes if adequate allocation is given to them, and a chatter on funding business education programmes in our institutions of learning should be the focus of business educators.

Keywords

Business EducationEconomic DevelopmentFundingStrategies P-ISSN 2695-186X

References

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Strategies for Funding Business Education for Economic Development in Nigeria

Abstract

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