An Evaluation of the Perception of Financial Accountability by Parents in Private Secondary Schools in Ilorin, Kwara State
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Background of the Study
Financial accountability in private secondary schools is critical to ensuring that funds are used effectively to enhance educational quality and operational efficiency. Parents, as key stakeholders in the educational process, are often concerned with how the fees they pay are utilized (Olufemi & Yusuf, 2024). In private schools, where tuition fees constitute the main source of revenue, maintaining financial transparency is vital for sustaining trust and ensuring that resources are allocated effectively for the benefit of students.
In Ilorin, Kwara State, private secondary schools serve a significant proportion of the student population, with many families relying on these institutions for quality education (Ibrahim & Adebayo, 2023). Parents’ perceptions of how well schools manage their finances can influence their continued patronage and commitment to the institution. However, concerns regarding the misuse of funds, lack of financial transparency, and unclear budgeting processes have been reported by stakeholders (Ogunleye, 2024).
Recent studies have shown that when parents feel assured that their contributions are properly managed, it improves school-parent relationships, satisfaction, and the overall reputation of the school (Ogunbanjo & Adedeji, 2025). Despite this, there remains limited research on parents’ perceptions of financial accountability in private secondary schools in Nigeria, especially in Ilorin. This study seeks to evaluate how parents perceive financial accountability in these institutions and how these perceptions affect their satisfaction and involvement in school affairs.
Statement of the Problem
Parents are often the primary financiers of private secondary schools through tuition fees and other contributions. However, concerns about the transparency and accountability of how these funds are managed remain prevalent (Olufemi & Yusuf, 2024). In Ilorin, Kwara State, there is limited understanding of how parents perceive the financial practices of private secondary schools, and whether these perceptions influence their trust in the institutions. Without clear evidence of financial accountability, schools may face challenges in maintaining parental support, which could undermine their reputation and financial sustainability.
This study investigates the extent to which parents in Ilorin perceive financial accountability in private secondary schools, exploring how these perceptions affect their decision to send their children to such schools and how they engage with the school management.
Objectives of the Study
- To assess parents’ perceptions of financial accountability in private secondary schools in Ilorin, Kwara State.
- To investigate the factors that influence parents' perceptions of financial accountability in these schools.
- To examine the relationship between parents’ perceptions of financial accountability and their satisfaction with the school’s performance.
Research Questions
- What are parents' perceptions of financial accountability in private secondary schools in Ilorin?
- What factors influence parents' perceptions of financial accountability in these schools?
- How do parents’ perceptions of financial accountability relate to their satisfaction with the school?
Research Hypotheses
- H₀: Parents’ perceptions of financial accountability do not significantly influence their satisfaction with private secondary schools in Ilorin.
- H₀: There is no significant relationship between the transparency of financial practices and parents’ perceptions of accountability.
- H₀: Parents’ level of involvement in school affairs does not significantly affect their perception of financial accountability.
Scope and Limitations of the Study
The study focuses on private secondary schools in Ilorin, Kwara State, and evaluates the perceptions of financial accountability from the parents’ perspective. It excludes public schools and other regions of Nigeria. Limitations include the possible biases in parental responses and the availability of reliable financial data from school management.
Definitions of Terms
- Financial Accountability: The responsibility of institutions to manage funds transparently, ensuring proper use of resources in line with their stated objectives.
- Private Secondary Schools: Educational institutions that are privately owned and operated, funded mainly through tuition fees and other parental contributions.
- Parental Involvement: The active participation of parents in school activities, governance, and decision-making processes.
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