Blockchain Technology and Internally Generated Revenue (IGR) in Federal Polytechnic Bali, Taraba State

Buhari Garba J.

doi:10.56201/ijefm.v11.no7.2026.pg280.296

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Blockchain Technology and Internally Generated Revenue (IGR) in Federal Polytechnic Bali, Taraba State

Buhari Garba J.

Abstract

This study examines the effect of blockchain technology on internally generated revenue management in Federal Polytechnic Bali, Taraba State, Nigeria. It was motivated by persistent challenges such as manual record-keeping, weak internal controls, poor technological integration, and lack of real-time monitoring, which contribute to revenue leakages and reduced accountability in public tertiary institutions. The study adopted a survey research design, with data collected from 120 staff members drawn from the bursary, audit, ICT, and administrative departments using a structured Likert-scale questionnaire. Descriptive statistics and regression analysis using SPSS version 27 were employed for data analysis. Findings revealed that blockchain technology significantly enhances transparency, accountability, and efficiency in IGR management by providing secure, immutable, and real-time financial records. The regression result indicated a strong positive relationship (R = 0.812) and a statistically significant effect (p < 0.05), with blockchain technology explaining 65.9% of the variation in revenue management effectiveness. The study further showed that blockchain reduces fraud, automates revenue collection through smart contracts, and strengthens internal control systems. It was concluded that blockchain adoption offers a viable solution to inefficiencies in revenue administration within tertiary institutions. The study recommends the adoption of blockchain-based systems, improved ICT infrastructure, and capacity building for staff to enhance financial accountability and sustainability in revenue generation.

Keywords

Blockchain technologyinternally generated revenueTransparencyAccountabilityPublic financial management.

References

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Blockchain Technology and Internally Generated Revenue (IGR) in Federal Polytechnic Bali, Taraba State

Abstract

Keywords

References

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