Alternative Sources of Internally Generated Revenue and its Usefulness to the Finance and Development of University of Maiduguri, Nigeria

Abstract

The paper examines the alternative sources of revenue or resource mobilisation from internally generated revenue (IGR), statutory allocation and utilisation for sustainable development to the university management. The study employs descriptive survey design (mean and standard deviation) and Pearson Product Moment Correlation. The results revealed that business ventures owned by university management are among the main sources of revenue, the proceeds include servicing staff welfare, maintenance of university facilities and remodelling of university environment. The finding revealed that there is no significant
relationship between revenue generated in university and the development. The paper therefore recommended that, government should support all universities with funding to strengthening revenue base usefulness.