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THE CHALLENGES OF REVENUE GENERATION IN STATE UNIVERSITIES: THE CASE OF NIGERIA IN STATE UNIVERSITIES

Abstract: The study examined the challenges on revenue generation among state universities in Nigeria. The situation at state universities is unbearable because of rising inflation, worsening economic and political challenges facing Nigeria for close to three decades without any sign of improvement. A case study approach was used to purposively select twelve (12) participants drawn from the two urban state universities. Two university financial directors and 10 senior members of staff from the selected universities were interviewed. An inductive approach to analysing the responses allowed themes and categories to emerge. The study established that the current legislation, macro-economic and political environment, reduction in government support and diminishing grant funding were noted as major barriers to revenue generation among state universities in Nigeria. On the way forward, there is need for the universities to be given the autonomy to determine their own fees and activities. University administrators need to be resolute, innovative, determined and creative.

Subjects: Economics; Finance; Business, Management and Accounting

Keywords: challenges; revenue generation; state universities; autonomy

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