EFFICIENT REVENUE GENERATION FOR SUSTAINABLE GROWTH AMONG EDUCATIONAL INSTITUTIONS IN NIGERIA: DATA ENVELOPMENT ANALYSIS APPROACH
The study investigated the efficiency of Internally Generated Revenue among the federal educational institutions between 2008-2019 in Nigeria. Secondary data used for the study were sourced from the Audited Financial Statements of the public sector entities and the Warrants from the Accountant-General of the Federation’s office. The study population comprised of (92) federal educational institutions within four (4) geo-political zones. The sample size was made up of (50) educational entities out of the total population. Taro Yamane technique was employed in the determination of the sample size. Data were analyzed using Data Envelopment Analysis. The results revealed that the federal educational institutions were averagely efficient in generating revenue to meet the basic needs of the entities. The study recommended that there is the need to overhaul the entire internal revenue generating capacities of the entities for a better positioning for an improved revenue generation. The study concluded that full efficiency of revenue generation for federal educational institutions can be achieved only when there is overhauling of entities’ revenue generating mechanisms.
Data Envelopment Analysis, DMUs, Educational Institutions, Efficiency, IGRs