by CHAPTER ONE
INTRODUCTION
Background of the Study
Education is the greatest tool for the development of any nation, the major objectives of sending our children to school is to help them learn some basic concepts, skills, knowledge and beliefs necessary for the development of some specific goals. Observations have shown that in every level of schooling whether at the primary, secondary or tertiary level of education, there are basic facilities which make it possible for the school to attain her desired goals. Education has been placed at the centre of public debate as a result of the 2008 financial collapse and the ongoing economic crisis. The main thrust of this debate centres around a justification of the role of higher education and a redefinition of its funding relationship with government. Nevertheless, most of the discussion fails to mention the impact of the economic crisis on higher education. To me, this is important because the economic crisis has changed higher education at both the micro and macro levels. The immediate shorter-term impact of the economic crisis has been at the institutional micro level. Lower student numbers on certain programmes – the most expensive ones and those with lower job prospects – has led senior managers in universities to prepare for the worst by making plans to reduce staff at all levels and rationalise their portfolio of programmes.
Anyakoha (2009) pointed out that the potential of an educational system is directly related to the qualification of the teacher. The more qualified and well-trained teachers are, the easier it is curriculum to be executed and the better achievement by the student
Economic recession is a period of general economic decline and is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. Generally, a recession is less severe than a depression. The blame for a recession generally falls on the federal leadership, often either the president himself, the head of the Federal Reserve, or the entire administration.
