CONCLUSION

While concluding this passage on the sources of funds for education, amongst other sectors of the economy, it is important to note that the supply of funds is mainly on taxation at the federal and state levels and by the federal grants to state and Local governments.
In practice, an analysis of this sort is difficult to undertake. While we can consider personal income taxes as contributions by households to government revenue and to assign mining rents and royalties to enterprises, it is difficult to know how much of the indirect taxes, for example, exercise duties or tax on produce are paid by primary and secondary schools in their areas. Prior to state take over of schools in the seventies, communities were known to have built schools as well as helped to make up teachers salaries where the pupils/students’ enrolment fell below the number required to qualify for government subventions. Presently, these communities have shirked off such responsibilities while depending on the federal and state governments for payment of teachers’ salaries. This paper has surveyed the justification for public or government financing of education, sources and management of education finance in Nigeria.
Recommendations were also made on how education funds could be raised without depending so much on the federal government in the light of dwindling recourse and competing demands by the other sectors of the economy. Recommendations were also proffered on how the three levels of education could best be managed by their appropriate levels of government while, modern management techniques are recommended for the management of education in Nigeria.