International Journal of Multidisciplinary Research and Growth Evaluation  |  ISSN (Online): 2582-7138  |  Double-Blind Peer Review  |  Open Access  |  CC BY 4.0

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     2026:7/3

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN (Online): 2582-7138 | Open Access

Analysis of the Relationship between Administrators’ Financial Management Strategies and Secondary School System Effectiveness

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Volume: 6 | Issue: 3 | Pages: 09-15

Subject: Educational Management

Country: Nigeria

License: CC BY 4.0

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Abstract

To date, inadequate funding remains a major challenge to effective school administration. This necessitates the adoption of proper financial management strategies to enhance the attainment of school goals. This study examined the relationship between administrators’ financial management strategies and school system effectiveness. The main objective was to assess the relationship between financial planning strategy, financial expenditure control strategy, and the effectiveness of private secondary school system in Cross River State, Nigeria. The study adopted a correlational research design. The population consisted of all 295 private secondary schools in Cross River State, and a census approach was employed to ensure comprehensive coverage. Data was collected using a validated questionnaire titled “Financial Management Strategies and Secondary School System Effectiveness Questionnaire (FMSSSSEQ)”, assessed by three experts in Educational Management, Test, Measurement, and Evaluation. The instrument’s reliability was established through Cronbach’s Alpha, yielding coefficients of .77 and .81. Responses were scored on a four-point Likert scale and analyzed using Pearson Product-Moment Correlation in SPSS v26 at a 0.05 significance level. The findings revealed a statistically significant relationship between financial planning strategy, financial expenditure control strategy, and school system effectiveness. The study concluded that administrators' financial management strategies significantly relate to the effectiveness of the secondary school system in Cross River State, Nigeria. The results highlight the importance of financial planning in setting clear budgets, prioritizing expenditures, and aligning resources with educational goals. Additionally, effective expenditure control promotes accountability, reduces waste, and optimizes resource use, which ultimately improve school system effectiveness. The study recommended that the state government through the ministry of education should organize a capacity-building programs for school administrators to improve their financial planning competencies, so as to promote better financial management and overall school performance.

 

How to Cite This Article

Obona Edut Egbe, Charity Nwakaego Egbo, Victoria Ukonu (2025). Analysis of the Relationship between Administrators’ Financial Management Strategies and Secondary School System Effectiveness . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 6(3), 09-15.

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Publication Information

Journal: International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE)

Publisher: Anfo Publication House

ISSN: 2582-7138 (Online)

Frequency: Bimonthly

Language: English

Open Access: Yes - This article is distributed under the terms of the Creative Commons Attribution 4.0 International License

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