INTERNALLY GENERATED REVENUE AS AN ALTERNATIVE FUNDING MECHANISM FOR NIGERIAN UNIVERSITY

Abstract

This study evaluates the effect of internally generated revenue (IGR) on funding of 
Nigerian Universities. The study is descriptive; the current investigation was 
conducted as a descriptive desk review. The review is supported mainly by 
accessing some leading monetary and internally generated revenue journals, and 
some research papers done by professors and students at universities around the 
world. The study found that IGR will reduce the problem of underfunding and over 
reliance on authorities for budget, the scarcity of which has remained a clog inside 
the wheels of powerful control of college of education in Nigeria. It additionally 
indicates that IGR if properly executed will ensure wonderful transformative 
changes with a propensity for greater progress. This study consequently concluded 
that coaching and studying require an allowing environment which calls for 
reasonable funding for the renovation of facilities in addition to addressing 
workforce and scholar welfare. This paper therefore, recommended the followings 
among others that the university managers should utilize any of the techniques 
counseled by this study to ensure revenue era and mobilization. Also, the 
institutional managements must be definitely competitive in figuring out and 
exploiting various means in producing sales.