Perceived Effect of Monetary Policy Measures on Internally Generated Revenue (IGR) and Funding of Universities in Nigeria

Abstract

The study examined the perceived effect of monetary policy measures on Internally Generated Revenue (IGR) and the funding of universities in Nigeria. An ex post facto design was adopted for the study. Two hypotheses were tested at a 0.05 alpha level. The sample size of 60 was drawn through a multistage procedure. A researcher-developed instrument, the Effect of Monetary Policy Measures on IGR and Funding of Universities Questionnaire (MPMIGRFUQ), was used to collect data. The reliability of the instrument was ascertained using the Cronbach Alpha method, with a coefficient of 0.92. T-tests were adopted for data analysis and hypothesis testing. The results revealed that the mean ratings of male and female lecturers in banking and finance did not differ significantly regarding the effect of monetary policy measures on IGR and university funding. Among other recommendations, the study suggested that more research using primary data should be conducted beyond the opinions of banking and finance lecturers, involving respondents from different sectors for more inclusive and reliable outcomes.