Abstract
Scholars have identified inadequate financial resources as a major challenge to investigative journalism in the Nigerian media industry, leading to a decline in investigative reporting and weakening the media's watchdog role. Many media organizations in Nigeria still depend on traditional funding sources such as quarterly allocations, spot announcements, and program sponsorships, which are insufficient for costly investigative or undercover reporting. This study explores alternative funding sources for investigative journalism in Nigeria. Using in-depth interviews with four senior journalists from the Federal Radio Corporation of Nigeria (FRCN) and The Guardian, the study finds that media organizations can seek financial support from foreign and local donors, such as the MacArthur Foundation, Wole Soyinka Center for Investigative Journalism, Howard Foundation, CIMA, and Knight Foundation. However, accessing these funds requires well-structured formal applications detailing the proposed project. Additionally, media organizations can generate revenue through sales of packaged programs, journalism training courses, and online advertising for commercial companies. The study recommends that managers of public media stations should provide regular training on investigative reporting, ethical standards, and proposal writing to secure alternative funding for investigative journalism.
Keywords: Funding, Investigative Journalism, Media Outfits, Revenue, Advertisement
