CHAPTER FIVE

5.0 SUMMARY, CONCLUTION AND RECOMMENDATION

5.1 Summary

The research hypothesis which has clear objective of finding the impact of student’s

allowance and the time spent on study on their test score performance, it was found to be

statistically significant using single linear regression on both the variables when tested

individually and as well as when using multiple regression, both was found to be positively

significant. This depict that the result fit the model well.

5.2 Conclusions

The findings of this study form the basis for drawing the following conclusions. The

government, private bodies and tertiary institution administrators need to do more in

providing enough financial aids in tertiary institutions to encourage, motivate and assist

students’ in their academic life. The fact that financial aids correlate academic performance

is a clear indication on how student need financial aids bodies to provide any or substantial

amount of money aids that would cover their academic expenses and social needs which

are greater factor in affecting or negating students’ academic progress/performance.

Education is perceived as a tool for socio-economic and political development, and an

instrument for change. This position is amplified in the Nigerian National Policy on

Education, that education is an instrument par excellence for affecting national

development (FGN, 2004).

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 5.3 Recommendations

Based on the findings of this study, the following recommendations are made:

1. Governments (Federal, State and Local), private bodies (Shell, Texaco, Mobil e.t.c.),

philanthropist e.t.c. need to give more helping hand in providing adequate and

substantial amounts of financial aids to students annually to motivate and sustain

students’ academic progress. This will have positive impacts to our socio-economic

developments

2. Educational institutions (i.e. tertiary institutions) need not reliance in their effort to

provide sufficient/enough financial aids across the institutions, to enable easy access

and availability of funds to all students. Not necessarily based on merits

(G.P.A/C.G.P.A)

3. There should be a close cooperation between the tertiary institutions administrators and

the Student Union Government (SUG). This will create an enabling environment that

would allow for the institution directly understanding and knowing of students needs in

school for necessary financial provision.

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