The concern over the lamentation of several journalists in Nigeria on the poor welfare package given to them, coupled with the observation that so many journalists have resorted to receiving gratification to manipulate news reports so as to make ends meet informed the need for this study. Its objectives were to find out the effect of the staff welfare package on the journalists and to evaluate if whether or not the staff welfare package influences the quality of news reports in Nigeria. The survey research design was used to gather data from respondents of both The Guardian and Nigerian Television Authority (NTA). Some of the findings of this study were that majority of the respondents agreed that journalists had resorted to receiving gratification as a result of their poor pay and that adequate remuneration would give more balance and objectivity in news reporting. In conclusion based on the above findings, it can be said that journalists have a depleted perception towards their welfare packages. This research recommends after an intensive study that media owners should not stop at fulfilling its duties which is to motivate journalists through good and attractive welfare packages, so that this packages would encourage and drive them to stay on the side of truth, objective news reporting, fairness and give them courage to practice investigative journalism even in the face of intimidation and attacks.