The study investigated the managing of lecturers’ welfare for improved job performance in public universities in Rivers State. Three research questions and three null hypotheses guided the study. The study adopted the descriptive survey research design. The population of the study consisted of 83 lecturers (RSU 43 and IAUE 40) in the Department of Educational Management. The entire population was adopted as the sample size. The instrument for data collection was a questionnaire titled managing Lecturers’ welfare for improved job performance. The instrument was validated by two experts and its reliability index established at 0.86 using Cronbach Alpha. Mean and standard deviation were used in answering the research questions while z-test was used in testing the null hypotheses at 0.05 level of significant difference in the mean ratings of RSU and IAUE lecturers on the ways lecturers’ health promotion, and safety are managed for improved job performance in public universities in Rivers State. The study concluded that for improved job performance, lecturers’ welfare needs to be carefully managed in order to maximize return on investment and the attainment of the objectives of university education. It was recommended amongst others that university administrators should ensure that lecturers are promoted to positions of increased responsibilities that attracts higher financial benefits for increased job satisfaction.