EXECUTIVE SUMMARY

The number one priority of every parent is to send their children to school to acquire knowledge
from infancy. School fees for these children take more than 20 percent of what average parents are
earning, depending on the number of children they have. This has lead to the booming of private
school business in Nigeria.

Establishing a school may not be that lucrative at the ‘teething’ stage of the business. Before writing
this report, a detailed survey was done, visiting various school owners, association of school owners,
the ministry of education, the intended site of the school and other key stakeholders. We gathered
Useful data, procedures and directives on establishing a school and the pitfalls.

Our findings reveal that the definition of a standard school is not only in the teaching pattern or the
structure of the school building, but also in the learning facilities but in place to aid learning.

Market feasibility study also reveals that there are two public Secondary schools and just one public
primary school in Ogudu which brought about the establishment of a few private schools in the area

Ensuring a quality standard in any proposed school, should be a key part of the setup or
establishment of any proposed school in or around Ogudu environ.

The Technical feasibility shows the school building plans and several technical requirement of
putting the school in place.

The financial and economic feasible through various standard techniques of assessing the viability of
projects, both discounting and non-discounting and if employed will have a high probability of being
viable and will worth its investment.

Finally, we recommend that the project is feasible and viable.

INTRODUCTION
The nursery and primary education has been recognized as the basic form of education necessary for
the development of a man, eradication of poverty and promoting social values.

This is why the United Nation as one of its developmental goals has required that universal basic
education be promoted among nations. The international institution’s goal is to ensure that all boys
and girls complete a full course of primary school.

Based on our studies the standard of this basic education in Ogudu still appears to be average when
compared with some other areas like Lekki, Ikeja, Victoria Island in Lagos state and most advanced
countries.

As investors, we are aware some problems that could b faced in the process of school set up and
have decided to proffer solutions to these problems in our own little ways without neglecting
profitability. Before venturing into this investment opportunity, it is necessary that we do its proper
assessment.

JUSTIFICATIONS OF THE PROJECT

Though the establishment of private nursery and primary school is found to
be continuously increasing over time in almost part of the country, the case of
those Private Schools that follows the government and International standards are very few.
Moreover, the level of illiteracy rate is 40% which is still very high when compared with other
countries of the world like South Africa with illiteracy rate of just 9%. In line with this, the United
Nations (UN) has asserted that to ensure development in every nation of the world, attention must
be given to education prompting it to identify Universal Primary Education as one of the eight
illennium Development Goals (MDGs).

Furthermore, to propel educational advancements in every nation, the United Nations Children
Education Fund (UNICEF) has proposed that about 26% of each country’s annual budget should be
devoted to the educational sector. Unfortunately, this has not turned out to be the case in Nigeria
with a meager 6% of its annual budget being allocated to education yet; the country expects to
compete favourably with other world nations in terms of educational achievements.

In view of the obvious reluctance of the Nigerian government at various levels to commit the much
needed resources necessary to advance the level of education in the country, the onus therefore lies
with private entities that have passion for children and also know the value of quality education to
provide such.