Management of Internally Generated Revenue (IGR) and Sustainability of University Education in Cross River State, Nigeria

Abstract

The study assessed the management of internally generated revenues (IGR) and sustainability of University education. The area of the study was Cross River State. Survey research design was adopted for the study. The study population was the principal officers in the management and administrative cadre of the Universities. Census sampling approach was used to select all the principal officers of the Universities because the population was manageable. A total number of fifty (186) management staff was used. Management of Internally Generated Revenue and Sustainability of University Education Questionnaire (MIGRSUEQ) was used to elicit information from the respondents. The instrument consisted of two parts: Part one was used to gather the demographic data of the respondents. Part two sought information on the major sub-variables of the study. A draft of the research instrument was presented to experts in Educational Administration, Measurement and Evaluation for validation. They made useful corrections and suggestions which were carefully effected to give the content and face validity of the instrument. A prior study was carried out to ascertain the level of reliability of the research instrument. The internal consistency index using a Cronbach Alpha test was thus computed and established at 0.89. This was considered reliable enough for the study. One-Way Analysis of Variance (ANOVA) and Multiple Linear Regression statistics were used to analyse the data collected for the study. Findings revealed that the management of internally generated revenue significantly influenced the sustainability of University education. It was also found that investment income, school charges and consultancies were significant predictors of sustainability of University education in Cross River State. The study recommended that each University management should create an automated IGR management system to prevent fraud and maintain privacy & secrecy during revenue remittent using customized fee automatic backup & upgrades for sustainability of University education in Cross River State. Also, the University managements should electronically make attractive the profit sharing formula between the central administration and the departments where IGR is generated.

Keywords: Management, Internally Generated Revenue, Sustainability, University Education

DOI: 10.7176/JEP/10-5-11