3.5 HUMAN RESOURCES REQUIREMENTS The business will be a partnership between five persons.

These partnerswere chosen based on the fact that they have a proper understanding of theeducational terrain and nurse a common goal of advancing the frontiers of education in the country. They also complement each other based on the cohesionexhibited by these partners and an understanding of one anothers strength andweaknesses. Thus, they possess the ability to cover up for each other and pooltogether their distinct individual ideas for the overall advancement of the college. 3.5.1 Lists, Qualifications and Responsibilities of PersonnelAcademic staff

Headmaster

Assistant Headmaster

Teaching staff Non-academic staff

Secretary/PRO

Bursar/Accountant

Librarian

Medical staff

Technical team

Sport Coordinator

Auxiliary Staffs

Nursery Assistants

Bus drivers

Security Men

Gardener

The School Organograms

Academic staff

HeadmistressQualification : B.Ed. Education Experience : 5-10 years working experience in a well-established private school Responsibilities : She shall be responsible for the day to day management of theschool and report directly to the proprietress. HEADMISTRESSASS.HEADMISTRESSLIBRARIANMEDICAL /WELFARE TEAMTECHNICALSTAFFSSPORTCORDINATORAUXILIARYSTAFFSTEACHING STAFFSSECRETARY /PROACCOUNTANT/ BURSAR Assistant Headmaster/ HeadmistressQualification : B.Ed. Education Experience:

3 years working Experience in managerial field. Responsibilities : He or She shall assist the headmaster on academics andadministrative issues and report directly to her. TeachersQualification : NCE/B.ED/B. Experience : At least 2 years working Experience and registered with teachersregistration council of Nigeria (TRCN). Responsibilities : Coordinate and teach the students. Non-Academic staffsd)

Secretary/PROQualification : OND/HND in Secretarial Studies Experience : At least a year working experience, with adequate computerknowledge. Responsibilities : He or She shall be responsible for all the school correspondenceand publicity. Bursar/AccountantQualification : B.Sc. Accounting Experience : At least 3years working experience Responsibilities : He or She shall be responsible for daily book keeping of theschool.

LibrarianQualification:

NCE/OND/B.Sc. in library related studies Experience: At least 1 year working experience Responsibilities: Shall be responsible for library attendance need of the students g)

Medical staffsQualification:Experience: At least 2 years working experience, being a member of the RedCross Society will be an advantage. Responsibilities: She shall manage the schools sickbay and attend to student thatfall heal during school period. Technical StaffsQualification : OND/HND/Trade test III Experience : At least 3 years working experience in generating sets and boreholeoperating. Responsibilities : This team shall responsible for the operating and generalmaintenance of the generator, as well as the borehole system and all our electricalappliances. Sport CoordinatorQualification: OND/HND/B.Ed. in physical Health Education or related studies Experience: At least a year working experience .Responsibilities: Weekly organization of sporting activities for the students aswell as the inter-out sporting activities. Auxiliary Staffs j)

Nursery AssistantsQualification: at least Grade III Experience: At least 2 years working experience with children. Responsibilities : Daily welfare needs of the nursery children Bus driversQualification: WASSCE with a driving License. Experience: At least 2 years working experience and conversant with Ibadan roadnetwork. Responsibilities : Shall be responsible for conveying the students to and fro daily.

Security menQualification: SSCE Experience: at least 1 year experience Responsibilities : Shall be responsible for the security of the school premises dayand night. GardenerQualification : a minimum of first leaving School certificate. Experience : a little knowledge of Horticulture will be an advantage. Responsibilities: He shall be responsible for the daily trimming and maintenanceof the school flowers and grass.

CleanersQualification: a minimum of JSSCE Experience: Prior knowledge not required. Responsibilities: Daily cleaning of the Offices, classes and the school compound That the Profits & Losses shall be divided among and borne by parties hereto inthe following proportions: Partner % of share in Profits and Losses Miss. ADEGBOYE TOLULOPE 20%Mr. ADELEKE ADEBOWALE 20%Mr. BODUNRIN OLALEKAN SAMUEL 20% Miss. OLUMIDE ABIMBOLA 20%Mr. SHITTU WASIU OLAWALE 20%9. That the active partners (Headmistress) will be paid a Salary of N 60,000 permonth for the services rendered to the rim and they will also be entitled to his/hershare of profit and loss.10. That all the assets and liabilities of the firm as on 18th August 2011 tangible orotherwise, would be taken over by the Partnership at its book value and shall bedeemed to be assets and liabilities of this Partnership and all the Parties hereto willhave equal rights/liabilities thereon. 11. That all rights of the firm as on 18th August 2011 namely ISI marketinglicense, Trademarks, Permits, Telephone connections, Tenancy rights, Leaserights, Ownership right etc. shall be deemed to be the rights of the partnership andall the parties hereto will have equal rights/liabilities thereon.12. That each partner shall: -(a) Diligently attend to the business of the Partnership and devote his/hernecessary time and attention thereto.(b) Punctually pay her/his separate debts and indemnify the other partner and theAssets of the firm against the same and all expenses therefore.(c)

Upon every reasonable request inform the other Partner of all letters,accounts, writings and such other things which shall come to her/his hands orknowledge concerning the business of the Partnership.13. That neither Partner shall without the consent of the others: -(a) Lend any of the money or deliver upon credit any of the goods of thefirm to any person or persons whom the other Partners shall havepreviously in writing forbidden her/him to trust.(b)

Raise or advance any loan in the name of or on behalf of the firm.(c) Assign, charge or transfer her/his shares in assets or profits of the firm. That the account in the name of the school, Superior Nursery and PrimarySchool shall be opened with the Banks or bankers as the Parties may mutuallydecide and the same shall be operated upon by the Parties hereto singly.15. That any partner may retire from the Partnership firm, hereby formed by givingtwo months notice in writing to the others but none shall leave the firm until orunless all the pending commitments are carried out, liabilities paid off, assetsrealized and accounts are rendered fully and settled finally to the entire satisfactionof each of the parties hereto.16. That the parties hereto may, however, with their mutual consent payremuneration to any of the parties hereto at a rate that may be mutually agreedupon between them from time to time. They shall be at liberty to increase ordecrease such rate of remuneration with their consent from time to time.17. That in the event of death or retirement of any of the parties hereto thepartnership firm hereby formed shall not dissolve, but shall continue. The legalheir or the representative of the deceased shall step into her/his shoes.18. That upon the dissolution of the partnership in any event not hereinafterprovided for the said business, the assets, goodwill and liabilities thereof shouldabsolutely vest on any one partner mutually decided by the parties to thepartnership.That it will always remain open to the parties hereto to amend, annul or changeany term or terms of this Deed of Partnership in the course of its business and inthat event of amending, annulling or changing any term or terms of this deed of Partnership no fresh deed shall be required to be executed.20. That without prejudice to the above terms and conditions the parties hereto inall other matters shall be governed by the provisions of Nigeria Partnership Act,1932.21. That all the disputes or differences arising out of it and connected with thePartnership shall be referred to the arbitrator in accordance with the NigeriaArbitration Act.IN WITNESS WHRE OF, the parties of the First, Second, Third,Fourth and Fifth parts here have put their respective hands on this DEED OFPARTNERSHIP on the day, month and year first mentioned above.IN WITNESSES WHEREOF, the common seal of the Sixth Partnerviz. Superior Nursery and Primary School was pursuance to the resolution of theBoard of Directors passed in that behalf on 18th August 2011 here into affixed inthe presence of Mr. Oladejo Zubur and signed these presents in token thereof inthe presence of the Witnesses: BREAK DOWN OF KEY COST ELEMENTFIXED COSTS N NLAND AND BUILDING: LAND ( 3 PLOTS) @ N850,000/plot 2,550,000DEVELOPMENT DRAINAGE,LANDSCAPING,FENCING AND OTHER DEVT &SCHOOL BUILDING 15,800,000 18,350,000 INCLUDING

PLANTS AND MACHINERY: PRESCHOOL EQUIPMENT & TEACHING AIDS 660,200BORE HOLE DIGGING 250,000STAFF COMPUTER 5 @ N4 0,000 Each 200,000PRINTERS 3 @ 9000 Each 27,000

100 KVA GENERATOR @ 50,000 1,187,200

FURNITURES AND FITTINGS: OFFICE FURNITURE 1,500,000CEILING FANS 20 @ 2,000 Each 40,000AIR CONDITIONS 5@ 50,000 Each 25 0,000OTHERS 500,000 2,290,000MOTOR VEHICLE: School Bus 1 @ N4m 1,500,000 1,500,000

OTHER COSTS N N SALARIES: ACADEMIC STAFFS 3,660,000 per yr.NONACADEMIC STAFFS 1,884,000 per yr.AUXILIARY STAFFS 1,272,000 per yr. 6,816,000

ADVERTISEMENT: INTERNET(SCHOOL WEBSITE) 65,000RADIO(Splash FM) 5,000BILL BOARD 36,000POSTERS 4,500PAMPHETS 2,500 113,000REGISTRATIONS500,000 MISCELLANEOUS1,000,000------------------TOTAL31,756,200 FINANCING PLAN NLONG TERM LOAN 20,000,000.EQUITY CONTRBUTION 8,000,000TOTAL 28,000,000The equity contribution is generated from the contributions of the five partners thatoriginally come together to start this business. Two of them sold their landedproperties at Ajah area of Lagos state for N1,500,000 each while, also sourcing forthe remaining balance from their personal savings. The other three eachcontributed N1,600,000 which represent their accumulated savings.

5.4 FINANCIAL ITEMS AND COSTS Table 5.0 shows the total capital items required for the project with theircorresponding costs. The capital items are estimated as N23,327,200. TABLE 5.5.1 CAPITAL ITEMS IN YEAR ZEROASSETS COST (N) LAND 2,550,000SCHOOL BUILDING 15,800,000PLANTS AND MACHINERY 1,187,200FURNITURES AND FITTINGS 2,290,000MOTOR VEHICLE (SCHOOL BUS) 1,500,000 TOTAL 23,327,200 BUSINESS DESCRIPTION PAGEINDUSTRY The official recognition given to pre-primary education in the National Policyon Education (Federal Government of Nigeria, 1977) combined with a number of factors to give rise to an unprecedented expansion in the provision of child careand pre-primary education institution or nursery schools in the country. Nearly allthe pre-primary education in the country, however, is provided by privateproprietors. Some of these establishments go by the names day care centres or playgroups and take care of the children while their parents are at work or go forother engagements but most of them are nursery schools for providing early childhood education. Variations in provision make the registration of theseinstitutions somehow difficult for Ministry of Education officials. Very few of theestablishments operate as child-care or child-minding units only; others operate asboth child-care units and nursery schools. What is in vogue now is for theseestablishments to operate as nursery schools for two years or a bit more andsubsequently apply for license to operate as both nursery and primary schools.Most of them accept children aged two into their nursery sections

who later transitto the primary sections of the same establishments at the age of five or even less.The number of children in these institutions varies widely from one or two in thenewly established ones to over 300 in the older ones. However, owing to the highdemand for pre-primary education by parents, it does not take a long time fornewly established pre-primary institutions to grow and develop. A study of one of such institutions in Ibadan by this Group revealed that it started as a

nursery schoolwith only two children in 1995. In 1996 the number increased to 5 and in 1997,when it was approved to operate as a nursery school, it had 54 children and sixteachers. The institution sought and was granted approval to operate as a nurseryand primary school in 1999 with a total of 105 children and 12 teaching and non-teaching staff. By the end of the school year in 2004 the number of children hadincreased to 280 with 24 teachers and eight non-teaching staff.Nowadays nursery schools are located in various places and buildings campuses of some universities and colleges, premises of some industrial andbusiness organizations, church premises, residential buildings some part or thewhole of which are hired for use as nursery schools only or both nursery andprimary schools, and so on, while some are set up mainly in some towns as full-fledged nursery and primary schools with their own building and premises. Thephysical structures vary widely in terms of quality and aesthetics from oneestablishment to another. So do the facilities and equipment. With the possibleexception of the few nursery schools established by some universities, colleges of education, companies and a few rich individuals, teacher quality is generally low.It is only a few of the nursery schools especially those owned by educationalinstitutions, private companies and wealthy individuals that can afford to engagethe services of university graduate teachers and the holders of Nigerian Certificateof Education (NCE) qualifications. Most others employ a few N.C.E. teachers (if any at all), who are usually underpaid, while others employ mainly Grade Twoteachers and secondary school leavers with the School Certificate or GeneralCertificate (Ordinary Level) qualification. The nursery schools that engage theservices of qualified teachers, especially those owned by private individualsusually charge high fees while those that charge relatively low fees usually employunqualified teachers. Employing unqualified teachers who receive low pay is a