CONOMIC MELTDOWN AND BUDJECT ADMINISTRATION IN EBONYI STATE COLLEGES OF EDUCATION IN SOUTH EAST NIGERIA

Abstract

This study focused on Economic Meltdown and Budget Administration of State Colleges of Education in South East Nigeria. One research question and one null hypotheses guided the study. Descriptive survey research design was adopted for the study. The population for this study was seven hundred and five (705) academic staff in State Colleges of Education in South East Nigeria. The sample for the study consisted of 255 respondents made up of 129 males and 126 females academic staff using Taro Yamane Formular for finite sample. Structured questionnaire was developed by the researcher titled: Economic Meltdown and Budget Administration of State Colleges of Education in South East Nigeria Questionnaire (EMBASCEQ). The instrument was validated by three experts, two from Educational Administration Unit of the Department of Educational Foundation and one from Measurement and Evaluation Unit of Science Education Department, both in Ebonyi State University, Abakaliki. The overall reliability yielded 0.84 using Cronbach alpha procedure. Mean and Standard Deviation were used to answer the research questions while t-test statistic was used to test the null hypotheses at 0.05 level of significant. The result revealed that economic meltdown impacted negatively on the budgets of State Colleges of Education in South East Nigeria while the hypotheses reveals that there is no significance difference in the mean rating of male and female academic staff on the impact of economic meltdown on the budget of State Colleges of Education in South East Nigeria. Based on these findings, it was recommended that administrators, governments and stakeholders should endeavor to diversify the economy to ensure increased revenue generation and judicious management of resources that would result in increased budgetary allocation to education/schools.