Strategies for Funding Business Education Programs in Tertiary Institutions in Anambra State

Abstract

This study aimed to investigate strategies for funding business education programs in tertiary institutions in Anambra State. The study employed a descriptive research design. The population of the study was all the lecturers in the Business Education Department, Nnamdi Azikiwe University, Awka, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nwafor Orizu College of Education, Nsugbe and Anambra State College of Education, Umunze. Random sampling technique was used to select 8 lecturers in each of the schools, resulting in a total sample to be 24 lecturers. The data collected was analyzed with descriptive statistics. The study found that the business education department can source out funds for implementation of its activities through budget allocation, embarking on projects, and the alumni association. They concluded that business education department in a tertiary institution has a wide range of strategies in funding its programmes, such as tax funds, TEFUND, PTF, consultancy services, and alumni association funds and donations. The study recommended that the government should increase its budget allocation to tertiary institutions in Anambra State. This can be done by increasing the amount of money given to the schools from tax funds, TEF, PTE, monthly and annually, to help facilitate the activities of departments in tertiary institutions in Anambra state, including the Business Education Department