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Assessment of Internally Generated Revenue (IGR) Strategies for the Management of Federal Polytechnics in North-East Nigeria

Lamuwa Yaya Aliyu, Lamido Muhammad Hammaiyo

Abstract

The financial sustainability of Federal Polytechnics in North-East Nigeria has become a critical issue due to fluctuating government allocations and increasing operational costs. This study assesses the Internally Generated Revenue (IGR) strategies employed by these institutions, evaluating their effectiveness in ensuring financial stability and improved service delivery. The study explores various IGR sources, including tuition fees, consultancy services, commercial ventures, research grants, and partnerships with private organizations. It also identifies key challenges such as inadequate infrastructure, poor financial management, policy constraints, and resistance to revenue diversification. Using a mixed-methods approach, data is collected from administrative staff, financial officers, and policymakers in selected polytechnics through surveys and interviews. The findings reveal that while IGR has contributed significantly to institutional funding, its full potential remains untapped due to inefficiencies and external constraints. The study recommends policy reforms, enhanced financial management practices, and the adoption of innovative revenue-generation models to improve sustainability. These insights will aid in formulating strategic frameworks for optimizing IGR in Federal Polytechnics across the region.

Keywords

Internally Generated RevenueFinancial SustainabilityFederal Polytechnics

References

Adamu, A., & Yahaya, M. S. (2021). Internally Generated Revenue and Financial Sustainability in Nigerian Tertiary Institutions: Challenges and Prospects. African Journal of Finance and Management, 12(1), 45–63. Akanbi, O. A., & Adesina, T. S. (2020). Exploring Revenue Generation Strategies in Nigerian Polytechnics: The Role of Commercial Ventures and Consultancy Services. Journal of Education and Policy Studies, 8(2), 101–118. Bassey, G. E., & Eze, U. C. (2019). Effect of Internally Generated Revenue on Educational Service Delivery in Nigerian Federal Polytechnics. International Journal of Economics and Management Studies, 7(5), 74–89. Federal Ministry of Education. (2022). Higher Education Funding and Revenue Generation in Nigeria: Policy Guidelines and Implementation Strategies. Abuja: Government Press. Nwankwo, C. A., & Okonkwo, J. O. (2021). Public-Private Partnerships as a Revenue Generation Strategy in Nigerian Higher Institutions: A Case Study Approach. Journal of Economic Policy and Research, 15(3), 210–229. Obasi, I. N., & Adeyemi, L. A. (2020). Financial Autonomy and Revenue Generation in Nigerian Polytechnics: An Empirical Review. International Journal of Education and Development, 9(4), 53–68. World Bank. (2021). Higher Education Financing in Sub-Saharan Africa: Challenges and Innovative Strategies. Washington, D.C.: World Bank Publications.

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