Volume 14, Issue 1, 2026

Internally Generated Revenue and Job Satisfaction in Lagos State Tertiary Educational Institutions, Nigeria

Bello Ganiyat Olubunmi, Yahya Lateefat Oludare & Ofem Igot Bassey

Abstract

This study examined the relationship between internally generated revenue and
job satisfaction in Lagos State tertiary educational institutions. The study used the
descriptive survey research design with a population of 5,803 employees in Lagos
State tertiary educational institutions and a sample of 374 determined using Taro
Yemane’s formula. The multi-stage sampling approach was therefore used for the
selection of the participants. The data was collected using a self-designed
questionnaire titled Staff Job Satisfaction Scale (SWCJS). The instrument was
designed on a four-point Likert-type scale of Strongly Agreed (SA), Agreed (A),
Disagreed (D) and Strongly Disagreed (SD). The research questionnaire was
given to experts in the field of test and measurement to assess the suitability of
the instruments for the study. The questionnaire was administered on 30
participants in Lagos State University of Education, who did not participate in the
main study and the Cronbach Alpha reliability technique was used to test the data
collected, and a reliability coefficient of .78 indicated the instrument was reliable.
All the 374 copies of the questionnaire were administered and retrieved by the
researcher and three trained research assistants who were trained for two weeks.
Inferential statistics, namely the t-test and Pearson Product-Moment Correlation
statistics were used to test hypotheses at .05 level of significance. The findings
showed that; job satisfaction was significantly low; a significant relationship
exists between internally generated revenue and job satisfaction in Lagos State
tertiary educational institutions. Based on these findings, it was recommended that
the government should increase institutions’ subvention, and tertiary institutions
should diversify and strengthen their IGR base. This will help improve the job
satisfaction of employees in Lagos State tertiary educational institutions

Keywords

Subvention, Internally Generated Revenue, Job Satisfaction, Operational Funds, Tertiary Educational Institutions

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