Analysis of Internally Generated Revenue and Infrastructural Development of Public Universities in Ondo State, Nigeria

Abstract

The government which statutorily bears the costs of public universities in the country now faces tight budget constraints, hence, the diversification of income streams is a very complex process. The study populations are the principal officers in the management and administrative cadre of the Universities in Ondo State Purposive random sampling method was used to pick the two oldest universities out of the three public Universities in Ondo State. A total number of fifty (50) management staff was used. An inventory tagged 'Inventory on Internally Generated Revenue in Ondo State Public Universities (IIGROSPU) was used to gather data. Two research questions were raised and one hypothesis tested. Centre for Diploma and Pre-Degree Studies got the highest percentage (49.04%)in AAUA and (44.23%) in FUTA of the total IGR obtained on average for the ten years under consideration. A negative and significant relationship between Internally Generated Revenue and Amount Spent on Infrastructural in public universities in Ondo State in the study period. (r = -.038, P< 0.05). The study concludes that, each university management should create an IGR coordination centre and university managements should make attractive the profit sharing formula between the central administration and the departments where IGR is generated.

Internally Generated Revenue and Infrastructural Development in Akwa Ibom State, Nigeria

“…The study revealed a significant relationship between internally generated revenue (IGR) and the cost of infrastructural development in the southeast states of Nigeria. Oyetakin & Yahaya, (2017) analyzed the relationship between internally generated revenue and infrastructural development in the public universities in Ondo state, Nigeria. The study employed primary data.…”

Does sub‐national government revenue have an effect on socio‐economic and infrastructural development in Nigeria? A geographical analysis

“…Even though some studies have examined the effects of governments’ revenue on socio‐economic and infrastructural development, they have been largely limited to individual unit level of analysis (Akpan, 2013; Edogbanya & Ja'afaru, 2013; Mbah & Onuora, 2018; Ogbu, Okezie, & Okezie, 2017; Oyetakin & Yahya, 2017) which may not give a full picture of the spatial complexities and trends of sub‐national government revenue and how it has affected socio‐economic and infrastructural development in Nigeria. On the other hand, studies that examined the relationship between government revenue and economic development across the country were limited to its effects on GDP per capita (Dang & Bako, 2015; Omodero, Ekwe, & Ihendinihu, 2018), while the nexus between government revenue and infrastructural development were left out of their study.…”