Budget Administration in Nigerian Universities: A Case Study of Delta State University, Abraka
Academic Leadership - Online Journal,
Vol. 9 No. 2 (2008): Vol-9-Issue-2-February-2008
Education is considered to be the greatest investment any country can invest on to transform its
economic, political and human resource. It requires huge and adequate financial provision, it is an
expensive non profit social service which needs proper management and implementation.
Therefore educational investment according to Saint et al, (2003) has become a decisive factor in
knowledge-based economies that from global perspective, economic and social developments are
increasingly being driven by the advancement and application of knowledge. The quality of a nation’s
educational system especially tertiary education positively correlates with its development profile and
determine by the nature and extent of funding.
Since independence in 1960, funding of education has always been the focus of various governments-
Federal, State or Local Government. The investment in education was much at independence with
increased budgetary allocation because of the nation’s dire need of developing the increasing
manpower needed for the expanding administrative framework.
As Sarki (1991) noted, there was increase from one percent of total