Resources Development – Basic 5 Social Studies Lesson Note (Second Term)

Learning objectives

1. Meaning of resources
2. Ways of raising funds
3. Government Sources of funds
4. Individual and group Sources of funds
5. Uses of funds

Teaching and learning materials

• Whiteboard/ chalkboard
• Interactive poster
• Interactive video

Teaching method

• Explanation
• Discussion
• Questions and Answers

Reference materials

• NERDC Basic Education Curriculum for primary school
• Lagos State Scheme of Work
• Unified Schemes of Work Primary Schools four Social Studies (MIDDLE BASIC)
• Internet
• Edusdelight Social Studies TextBooks for Primary Schools

Entry behaviour/ previous lesson

The students are familiar with saving.

Word file

Business, property.

Module content

Capital is the Wealth in the form of money or property owned by a person or business, government that that is invested or put into a business and human resources of economic value.

Government uses capital in providing good services to the people.

Government sources of funds

1. Taxes, and levies
2. Market fees
3. Custom and excise duties
4. Loans
5. Donation from organization, individual
6. Grants
7. Properties sales
8. Driving licenses fees
9. Business registration fees
10. Water rate
11. Electricity bills
12. Toll gate fees
13. Investment

Individual and group sources of funds

1. Personal savings
2. Spend wisely
3. Investment
4. Exports of goods
5. Getting loans
6. Asking from friends
7. Donation
8. Through fundraising program
9. Through cooperative society

Uses of funds

1. establishment of industries 
2. buying of properties 
3. it is used establishing business 
4. it is used for financing projects 
5. it is used for grants and donations. 
6. it is used for foreign exchange. 

Instructional procedure

• The Teacher revises the previous lesson (CAUSES OF POOR SAVINGS).
• The Teacher introduces the topic (RESOURCES DEVELOPMENT – CAPITAL).
• The Teacher explains the lessons.