Determining the Revenue Potentials of Car Park Facilities in Tertiary Institutions

Samuel, E.; Akujuru, V. A.

doi:10.36948/ijfmr.2023.v05i02.2021

Determining the Revenue Potentials of Car Park Facilities in Tertiary Institutions

Author(s)	Samuel, E., Akujuru, V. A.
Country	Nigeria
Abstract	Tertiary institutions are designed with the intent to develop professional manpower through academic trainings. This requires every tertiary institution such as universities to be designed as a community of academic affairs where facilities are put in place to sustain the desired objectives of their creations. Car parks are one of the numerous facilities in universities in Nigeria and are managed by their Estate and Works departments for the exclusive use of the university as determined by regulatory provisions. Car parks are available in Rivers State University while that of Ignatius Ajuru University of Education, there are not adequate car park. Their designs and uses do not create any revenue for the universities, amidst their perceivable potentials for income generation as they were purpose built for the service of the university. This study aim to examine the revenue generation potentials of well managed car park facilities in Tertiary Institutions in Nigeria. Data collection was made through primary and secondary sources. The mixed method approach was used and a case study strategy. The findings shows that there are few car parks but are not being commercialized and managed by professional for revenue generation. It is recommended that the available car parks can be managed and commercialized for revenue generation and more car parks can be design for use to generate fund internally. The paper thus concludes by suggesting some ways that could be of help to create good and lucrative approaches to car park facilities management for revenue creation.
Keywords	Commercialization, Car Parks, Facilities Management, Revenue generation, University community
Published In	Volume 5, Issue 2, March-April 2023
Published On	2023-04-18
Cite This	Determining the Revenue Potentials of Car Park Facilities in Tertiary Institutions - Samuel, E., Akujuru, V. A. - IJFMR Volume 5, Issue 2, March-April 2023. DOI 10.36948/ijfmr.2023.v05i02.2021
DOI	https://doi.org/10.36948/ijfmr.2023.v05i02.2021
Short DOI	https://doi.org/gr5qxc

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Determining the Revenue Potentials of Car Park Facilities in Tertiary Institutions

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