EFFECTIVE FUNDING OF VOCATIONAL AND TECHNICAL EDUCATION IN THE NEW ERA

The performance of the education sub-sector was constrained partly by inadequate funding and partly by management of funds. The issue of financing vocational and technical education needs serious emphasis because vocational and technical education provide trained manpower in applied science, technology and commerce. Recent trends however, show that the federal and state governments have realized the significant role which Vocational and Technical Education can play in the economic emancipation of the nation, hence the need for proper funding cannot be overemphasised. This paper looks into the hindrances to the development of Vocational and Technical Education have so far been financed in Nigeria and suggests ways through which Vocational and Technical Education could be financed in the new era.