Prof. Koko, M. N.& Oni Faith Jeminat
Principals Financial Management Strategies for Effective Administration of Private Secondary Schools in Obalga and Phalga in Rivers State
Abstract
The study investigated Principals Financial Management Strategies for Effective Administration of Private Secondary Schools in Obio/Akpor Local Government Area (OBALGA) and Port Harcourt Local Government Area (PHALGA) in Rivers State. The study adopted descriptive survey research design. The population of the study consisted of 767 principals in fully accredited private secondary schools in OBALGA and PHALGA in Rivers State. Four Objectives, four research question and four null hypotheses were formulated for the study. The sample size of the study was 230 principals drawn from the population of the study, which represent 30% of the entire population. Simple random sampling technique was used for the sample. The sample was gotten from fully accredited private secondary schools in OBALGA and PHALGA in Rivers State. OBALGA (140) PHALGA (90). A structured questionnaire by the researcher titled “Principals’ Financial Management Strategies and Administration of Private Secondary Schools. (PFMSAPSSQ) was used to obtain responses from the respondents. The instrument was validated by three Experts, two from Business Education and one from Measurement and Evaluation all in the Faculty of Education Rivers State University. Reliability of the instrument was obtained using test re-test method. Sample was correlated using Pearson Product Moment Correlation (PPMC), and a reliability co-efficient index of 0.77 was obtained. Mean was used to analyze the data collected, while t-test was used to test the hypotheses at 0.05 level of significant. The findings revealed that. Principals of private secondary schools in OBALGA and PHALGA apply financial management strategies. The Researchers therefore recommended that Principals of private secondary schools should embark on training to acquire more knowledge on budgeting strategies for the process of deciding when, what, where and how to do certain activities in the administration of school financial management in OBALGA and PHALGA in Rivers State.
Keywords: Principal, Financial, Management, Strategies and Administration.
