Financial Sustainability and Faculty Performance: An Exploratory Study of Universities in Southwest Nigeria

Purpose: The study examined the relationship between financial sustainability and faculty performance in a university in Southwest, Nigeria. Methodology: The study a adopted descriptive survey research design. The population of the study comprised all the 4, 7540 in all public universities in Southwest, Nigeria. The sample for this study was 300 respondents from 10 public universities in Southwest, Nigeria. Multi-stage procedure which involved, simple random, proportionate and purposive sampling techniques was used to select the sample for the study. Two sets of instruments tagged “Financial Sustainability Questionnaire (FSQ)†and “Faculty Performance Questionnaire (FPQ)†were used for the study. The two instruments were validated by experts. Both FSQ and FPQ had reliability coefficients of 0.70. The data were analyzed using descriptive and inferential statistics. The descriptive statistics of frequency counts, percentages, mean and standard deviation were used to answer the research questions while the inferential statistics involving Pearson Product Moment Correlation were used to test the hypothesis. The hypothesis was tested at a 0.05 level of significance. Findings: The study revealed that the level of financial sustainability of Universities in Southwest, Nigeria was moderate while the level of faculty performance was moderate. The study also showed that financial sustainability was significantly related to faculty performance in the university. Recommendations: Based on the findings of the study, it was recommended that Universities in Southwest should be adequately funded for sustainability to enhance the job performance of faculty members.