MANAGEMENT OF INTERNALLY GENERATED REVENUE FUND IN SELECTED UNIVERSITY LIBRARIES IN DELTA STATE
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Date
2024
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International Journal of Information Resource Management
Abstract
This study investigates the origins and administration of internally generated funds in university libraries, focusing on six university libraries in Delta State, Nigeria. The study employed a survey research design. The study population consisted of 102 active librarians from the six university libraries under investigation. The study utilized the total enumeration sample technique. Data for the study was collected through the use of questionnaires and face-to-face interviews. The findings indicate that librarians engage in various activities, such as project typesetting and binding, printing and scanning services, and operating bookshops, to generate revenue for their libraries. Internally generated funds in university libraries are used to supplement the funding received from their parent
institutions. These funds are used to acquire information resources, renew internet subscriptions, and support library staff. Implementing an internally generated revenue (IGR) policy, establishing a dedicated account for library revenue, and utilizing technology for payment are effective strategies for managing IGR in university libraries. However, barriers to IGR generation in university libraries include librarians' negative attitudes, lack of patronage, inadequate facilities, lack of
continuity, and absence of a guiding policy. It is consequently suggested that university libraries should engage in further initiatives, be intentional, open, and establish trust, assure effective administration of income-generating resources in libraries, and strive to remove all barriers.
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Citation
Dada, G A and Eghworo, O . R (2024) Management Of Internally Generated Revenue Fund In Selected University Libraries In Delta State; International Journal of Information Resource Management: Volume 1, Number 3 Pg 1-18