Al-Hikmah University Journal

The paper examines the concept of investment decision where methods, rules, and importance of investment decision are elaborated as well as efficient resource allocation , taking internally generated revenue as a proxy of revenue generation. The survey research design was used where data were mainly sourced from documentaries and use of questionnaire and interview which were also analyzed using tables and simple percentage, However, the results revealed evidence of direct relationships between investment decision and higher return of investment [profit] and also efficient resource allocation with profitability of investment. In the same vein, the study also revealed that feasibility study and financial analysis are an indispensable tool in making investment decisions and efficient resource allocation and as such highlights some problems affecting the pace of IGR where some recommendations were made such as(a) public institutions should consult private entrepreneurs and adopt the best method when making investments decisions , (b) they should employ professionals to head their investment projects, (c) school management should speed up release of fund in order to encourage the pace of IGR.