The existing methods of funding public schools under the Universal Basic Education (UBE) programme is not adequate to meet the needs of the schools in Nigeria. This is causing a degradation in academic standards, facilities and equipment and poor outcomes among the learners. Alternative sources of raising public funds to finance basic education have come into focus. Such attention has become important because basic education plays a very vital role in an educational system. These new strategies come as complements to the traditional modes through which schools can access needed fund, objectively to improve schools and achievements among learners.