EXTENT OF SCHOOL MANAGERS UTILIZATION OF FUND GENERATION STRATEGIES FOR A SUSTAINABLE PRIVATE SECONDARY EDUCATION IN IMO STATE

The purpose of the study was to determine the extent of school managers utilization of fund generation strategies for a sustainable and affordable private secondary education in Imo state. The study was guided by two research questions. Descriptive survey research design was adopted for the study. The population of the study consisted of 426 managers and proprietors of private secondary schools in Imo state. Proportionate stratified random sampling technique was used to get 276 private secondary school managers. Data collection was done using structured questionnaire of 20 items, which was validated by experts. Cronbach alpha was used for the reliability test and coefficient value of 0.80 and 0.78 were obtained for parts A and B respectively and the sum of the reliability coefficient is 0.79. Out of the 276 copies of the questionnaire distributed, 268 were dully filled and collected representing 95% return rate. Data analysis was done using mean and standard deviation. The findings revealed that managers and proprietors of private secondary schools to a high extent generate fund through internal and external strategies. Based on the findings, it was recommended that the ministry of education should be given them grants and also that they should continue to devise other strategies of funding their schools.