STATISTICAL ANALYSIS ON EDUCATION TRUST FUND ALLOCATION TO TERTIARY INSTITUTION IN SIX GEO-POLITICAL ZONES OF NIGERIA (1999-2007)

STATISTICAL ANALYSIS ON EDUCATION TRUST FUND ALLOCATION TO TERTIARY INSTITUTION IN SIX GEO-POLITICAL ZONES OF NIGERIA (1999-2007)

ABSTRACT

In this project entitled statistical analysis on education trust fund allocation to tertiary institutions in six geo-political zones of Nigeria, the average allocation to zones, method of distributions, extraction of principal components, classification of the components into factors and to test if there is any significant difference in the allocation among the zones was carried out using principal components analysis, factor analysis, normality test just to mention but a few. The average allocation to all the zones within the period under review was #14,605,429,76.  The allocation to zones was normally distributed indicating unbiasedness in the allocations. University allocation is the principal factor component in the ETF allocation among the institutions revealing high contribution of university with 0.201 in the first component, followed by monotechnics, polytechnics and colleges of education. With little difference in the allocations among polytechnics, monotechnics and colleges of education, they were grouped into one factor and university in another factor. Based on the results obtained; no zone is more favored and their distribution is unbiased.