Growth and development of any organization can be achieved through the proper management of its finances. Finance is the life-blood of any institution. When finance is accountably used, success is achieved but when it is misappropriated, the reverse becomes the case. The top priority of an organization is the actualization of its goals and objectives and that is why it is pertinent for organizations to harness their human, material and financial resources to achieve these set goals (Heuneman 1983).

Management of school finance involves how to source for fund, increase the fund, invest it and account for the fund used in fixing up programmes and projects of a school. The main purpose of finance management in an organization is sourcing for fund and ensuring that the sourced fund is put into efficient and effective use. This is quite important due to the availability of scarce resources in other for optimal usage of those resources (Ogbonnaya, 2000). A study that was carried out in Uganda showed that just a small percentage of the fund allocated to the education sector was properly utilized, in fact, it was about 13% that was allocated to the education sector (Hallak and Poisson, 2001). The implication of mismanagement of fund is that it will increase the cost of some fees in the school; efficiency will not be achieved coupled with conflicts in decision making. Of which secondary schools in Lagos state suffer from these. Mismanagement of education funds affects the quality and availability of education (Poisson, 2001).

However, a school’s finance that has been misappropriated leaves the school with an unequipped library, science lab, dilapidated structures, and poorly remunerated teachers; which adversely leaves the students with nothing but a poor performance in their academics now and after. A research carried out by UNESCO proves that there is a very strong relationship between the quality of education and the proper utilization of the funds on the performance of a student (UNESCO, 2005).

Managing of funds in Lagos state secondary schools will help provide facilities that will aid teaching and learning in schools, consequently the academic performance of students. This is because with learning facilities on ground the skills of the students will be discovered and polished to achieve success and even scientific ideas. When these facilities are provided, it will be beyond what the teacher said in class (theory) to what they can see and practice with (Ajayi and Akinwumiju, 1990). The quality and availability of teaching/learning materials depend on the amount of money spent on acquiring them. It has been discovered from different authors that the quality of education largely depends on the management of school finance. The added that the proper management of these resources lead to proper harnessing of physical, material and human resources required to achieve quality education (Adeogun ,2001; Oni,1995; Aghenta, 1999; Sodimu,1998).

The possible factors that could lead to the mismanagement of funds are delay in the release of funds, uneven distribution of limited resources, poor orientation of the school administrators on the management of funds, unmerited appointment of school administrators by politicians, poor record of funds by the school bursary department and non-payment of teachers’ salaries.

school finance is meant for the day to day running of the school, therefore, it is pertinent for the school heads to map out the budget of the school early enough in order to know the amount left in the school treasury and how much is needed to carry out programmes/projects of the school.

Consequently, it has been observed that some head teachers or principals in Lagos state secondary schools mismanage funds not because of poor planning and budgeting, but through embezzlement. The necessary supervisory bodies in Lagos state have not paid attention to this problem and it is affecting the growth of education in the state.

All the different stages of education in Nigeria has its objectives it is meant to achieve, like the secondary schools objectives are to equip Nigerian youths to contribute meaningfully to the development of the country and preparedness for higher education (FRN, 2004). The truth still remains that funds are needed to actualize these objectives.

It is therefore clear that the outcomes from students in Lagos state secondary schools is quite discouraging due to mismanagement of school finance; and that is why this study is conducted to support the proper managing of school finance for better learning outcomes in Lagos state secondary schools.


Mismanagement of funds has always been a threat to different organizations in Nigeria, including the educational system.

The learning environment of most secondary schools in Lagos state is an obvious proof of mismanagement of funds. Grasses grown too tall as trees with no one to trim them, no drainages, dirty and wrong method of refuse disposal.

Still in line with this is poor remuneration of teachers. Due to poor managing of funds in secondary schools in Lagos state, teachers are seen discharging their duties with levity. Most of them come late to school, some do not go for their classes, and some have turned the learning ground to a fun fair arena where they chat, gossip and even do their private businesses; thus, affecting the academic performance of the students of Lagos state secondary schools.

In addition, due to mismanagement of funds, educational learning and teaching facilities are not provided to aid teaching. Infrastructure like conducive classroom, desks/chairs, computers, equipped libraries, equipped laboratories are in demeaning states; which affects the performance of students in internal and external examinations.    

1.3   OBJECTIVES OF THE STUDY                          

The major objective of this study is to investigate managing school finance for better learning outcomes in Lagos state secondary schools.

                Other specific objectives include:

a)   To examine the correlation between managing school finance and learning outcomes.

b)   To investigate the extent of Lagos state secondary schools’ finance management.

c)   To identify proper ways of managing school finance in Lagos state secondary schools.

d)   To examine other means secondary schools in Lagos state can generate revenue aside from the government.


        The following research questions are generated to guide this study:

a)   Is there a correlation between managing school finance and learning outcomes?

b)   What is the extent of Lagos state secondary schools’ finance management?

c)   What are the proper ways of managing school finance in Lagos state secondary schools?

d)   What are the other means secondary schools in Lagos state can generate revenue aside from the government?

1.5   RESEARCH HYPOTHESIS                  

H0:   There is no correlation between managing school finance and learning outcomes.

H1:   There is a correlation between managing school finance and learning outcomes.


This study is meant to inform, educate, and enlighten general public, school management and the government on managing school finance for better learning outcomes.

It is meant to inform school administrators that it is very pertinent to properly utilize finance allocated to secondary schools to ensure effectiveness and efficiency in the education sector.

To the government it is meant to remind them that they should request for an account on how every spent on education is utilized by school administrators, in other not to give room for corruption in the education sector.

This study will be of immense benefit to other researchers who intend to know more on this topic and can also be used by non-researchers to build more on their work. This study contributes to knowledge and could serve as a guide for other work or study.


This study is restricted to managing school finance for better learning outcomes, a case study of Lagos state secondary schools.

Limitations of study

1.        Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview). 2.        Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.


MANAGING: This refers to having executive control or authority; being economical.

LEARNING OUTCOMES: Are statements that describe significant and essential learning that learners have achieved, and can reliably demonstrate at the end of a course or program. In other words, learning outcomes identify what the learner will know and be able to do by the end of a course or program.


Ogbonnaya, N. I. (2000). Foundation of education finance. Onitsha: CAP Publishers.

Hueneman, R. (1983) A longitudinal study of gross body composition and body conformation and their association

with food and activity in a teenage population. American Journal of Clinical Nutrition, 18, 325.

Hallak, J. & Poisson, M. (2002). Ethics and Corruption in Education: Results from the experts workshop held at IIEP:paris 28th-29th November 2001.

UNESCO, (2005). How many children in Africa search secondary education. Paris: UNESCO.

Ajayi, A.O &Akinwumiju, J.A (Eds) (1990): Personnel Performance and Capacity Building. Ibadan, Nigeria.

Adeogun, A.A. (2001). The principal and the financial management of public secondary schools in Osun State.

Journal of Educational systems and development.5(1,),.1-10.

Aghenta, J. A. (1999). Principles and practice of educational planning: Focus on the Developing Countries. Benin City: NSCP.

Oni, J. (1995). Educational resources: An introduction. Abeokuta: Gbemi Sodipo Press Limited.

Sodimu, G.O. (1998). “Resource availability, utilization and productivity in public and private secondary schools in Lagos State”. Unpublished PH.D Thesis, University of Lagos.

Federal Government of Nigeria 2004. National Policy on Education. Lagos: Government Press.




RESEARCHWAP.COM is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • " is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • " is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing