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How To Set Up A School In Nigeria - Education - Nairaland

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How To Set Up A School In Nigeria by YouthsPC0: 11:06pm On May 06, 2015
1. WHY SCHOOL?
Nursery and Primary school business in Nigeria has become more profitable these days than ever before due to the number of children that are born every day. With such increase in the number of children born yearly — comes the need for more Nursery and Primary schools that will cater for them, and the need for even more will continue over time.
In those days, a single government or missionary owned primary school in a community would be just enough to cater for the children of the entire community. Then, there was no need for private nursery and primary schools. Today, the story has changed — no single primary or nursery school would be able to take care of the entire kids in a community, especially in urban places like Lagos and Abuja.


2. WHAT IS THE OUT LOOK (ROI)
It has also become the general perception that the standard of education in privately owned and managed schools are higher compared to that of the ill-equipped and badly maintained government owned schools.

Sending ones children to public schools is equally regarded as evidence of poverty. Therefore, every parent struggle to send their children to any available private school, doesn’t matter if that one is even worse than the public school as long as it is called ‘Private school’. These general trends has combine to make investment into nursery and primary school a worthwhile investment.

I’ve seen someone who only manages to feed few years ago become a millionaire through the small nursery and primary school he borrowed money to start.

Some of the lowest nursery and primary schools in area like Lagos charge nothing less than N7,000 as school fees, while good ones charge from N30,000 to as much as N500,000 school fees per term (I pay N75,000 for my 3years old daughter per term)just to learn A.B.C

If in your school you charge N10,000 per term and you have 200 pupil, the amount you’ll be getting from school fees is 10,000 x 200 = 2,000,000 Naira per term and it wouldn’t take you more than a million Naira to run such school every term. Its an investment no good entrepreneur will want to turn a blind eye


SITE ?
This is the most important aspect of this plan, failure to adopt a qualitative yardstick in the determination of the Site of the school, will almost if not completely destroy the investment.
Therefore it is imperative to consider the following when looking for a good site for the school
1. Population of an area
2. Distance from the town
3. Closeness of a competing institution especially established ones
4. Regulatory hindrances that will prevent the school from been registered e.g closeness to factory of effluent discharge point
5. Proximity to highway
6. Proximity to offices and business district especially for day care and crèche
7. Security

READ FULL ARTICLE ON

http://tsuntsumediaservices..com/2015/05/how-to-set-up-school-in-nigeria.html

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