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.
Efe, Anho and Efe, Anho
"Budget Administration in Nigerian Universities: A Case Study of Delta State University, Abraka,"
Academic Leadership Journal: Vol. 9
, Article 10.
Available at: http://scholars.fhsu.edu/alj/vol9/iss2/10