INFLUENCE OF PRINCIPALS SOCIAL EVENTS AND EDUCATIONAL SERVICES FUND RAISING STRATEGIES UTILIZATION ON THE MANAGEMENT OF PUBLIC SECONDARY SCHOOLS IN OYO STATE, NIGERIA

Abstract

The study investigated the influence of principal’s fund acquisition strategies utilization on the management of public secondary schools in Oyo State, Nigeria. Specifically, the study was limited to two indices of social events fundraising strategy and Educational services fund raising strategy two specific objectives with corresponding research questions guided the study and two hypotheses were formulated and tested at 0.05 level of significant. The study adopted the survey research design and was carried out in Oyo State, Nigeria. The population of the study was 15299 which comprised 644 principal and 14655 from 644 public secondary schools in Oyo State. The sample size for the study comprises 75 principals and 315 teachers of public secondary schools which were selected using Taro Yemen’s formula for sample size determination. Multi-stage sampling procedure which involved purposive sampling techniques, simple random sampling and proportionate stratified random sampling techniques respectively were used in composing sample for the study. A self developed structured questionnaire titled “Influence of principal’s fund acquisition strategy utilization on the management of public secondary schools questionnaires (IPFASUMPSSQ) was used as instrument for data collection. The reliability of the instrument coefficient and over all reliability coefficient of 0.88 was obtained. Data collected were analyzed using descriptive statistics. Mean and standard deviation were used to answer the research questions while chisquare statistics was used to test the null hypotheses at 0.05 level of significance. Findings of the study revealed that principals fund acquisition strategies through social event fundraising and educational services fundraising influenced the management of public secondary schools in Oyo State, Nigeria. Principals fund acquision strategies utilization of social events and educational services strategies are indicators of positive school management. Based on findings of the study, the following recommendations were made; principals should actively explore a means of fundraising strategies that will help them mitigate risks associated with over reliance on a single funding source and enhance overall financial stability, foster stronger connections with the local community, private sector entities and other stakeholders in fundraising initiatives which can create a sense of ownership and shared responsibilities for school’s success, provide principals and teachers with training, support in fundraising techniques and financial management, encourage principals to think innovatively and creatively when designing fundraising initiative.