FEDERAL GOVERNMENT FINANCIAL ALLOCATION PLANNING AND ITS CONTROL IN AN EDUCATIONAL INSTITUTION A CASE STUDY OF AKWA IBOM POLYTECHNIC

CHAPTER ONE

INTRODUCTION

1.1. BACKGROUND TO THE STUDY

Higher educational institutions especially in Nigeria are known for insufficient allocation of resources from government/stakeholder that set them up and other resources centres. In most instances, management of these institution fall challenges of having to apply in adequate resources to meeting the multi-dimensional objectives in producing good output. This has always been a serious process. This therefore necessitate the need to draw policies that will help in the management of this facilities. Consequently there is a need to also evaluate these policies and its management in order to known its efficiency.

1.2. STATEMENT OF THE PROBLEM

The roles and high educational institutions in achieving national objectives can best be expressed as a series of tasks which must be fulfilled. They cannot be accomplished over night. These tasks are described as: Passing on the heritage of the past. When a child is born he begins a new personal existence, but he also joins an old established society. One of the roles institutions plays is to pass on to him the knowledge is very great. The present generation is deeply indebted to past generation for all past discoveries, inventions and accumulated experiences that have been handed down to them. Civilization would cease to exist if every the heritage of the past were with held from present. In the past this heritage was past on through the family or by contact between individuals. Today, the increased volume of knowledge and greater number of people acquiring it, requires extra schools in form of private institutions organized by individual and bodies. Preparing for the future To prepare pupils for living in the modern society, higher institutions must prepare individuals spirit, mind and body. Decent behaviour must be instilled, useful skills and healthy activities of the mind encouraged. These three things are necessary not just preparing the children for earning a living, but for coping with the problems of the society which they will soon find themselves as adult members and also putting purpose into living. Education gives a satisfying purpose for all we lean and it keeps us from living a life that is purposeless and help us to show the people we teach that our labours in teaching them and their efforts at learning after for a better purpose than just making them skilled, but will help them to become man and woman of real understanding. Higher institutions need to convince their pupils and student that life has purpose and education is worth while.