INCOME GENERATING VENTURES AND FUNDING OF PUBLIC UNIVERSITIES IN SOUTH-SOUTH GEO-POLITICAL ZONE OF NIGERIA

Abstract

The study sought to investigates income generating ventures and funding of public universities in south-south geo-political zone of Nigeria. To give direction to the study, one research question and hypothesis were raise. The study adopted descriptive survey design with the population of 764 bursary staff of the twelve universities in south-south zone and a sample of 250 respondents using purposive sampling technique. The instrument for data collection was self-structured questionnaire titled: Income Generating Venture and Funding University Questionnaire (IGVFUQ) which was validated by two experts in test and measurement from Degree unit of Federal College of education Obudu, an affiliate of University of Calabar. Data collected from the instrument were analyze using both descriptive statistics of mean/standard deviation to answer the research questions using 2.50 as benchmark and Spearman correlational coefficient to test the research hypothesis. The finding revealed that income generating venture affects the funding of universities in south-south geo-political zone of Nigeria. It was as a result  of the above conclusion that the study recommended that to solve the problem of underfunding, Universities should engage in commercial ventures to maximize their funding capacity