31. SUPPLEMENTATY BUDGET FOR THE UNIVERSITY

Council received a Supplementary Budget for the University for the year 2011.

Council noted that the Supplementary Budget was as a result of the Federal Government’s directive that Specialized University should expand their scope of operation and the plan of Management to introduce new Colleges of Law, Medicine and Management Sciences.

Council noted that though the 2011 budget was deficit, Management was planning to use the student’s school fees and other sources to cushion the effect.

Council noted the promise of Management to efficiently manage the funds and not to increase the deficit.

Council also noted that Management was also planning to employ some professionals (Professors) in the soon-to-be introduced disciplines to take over the planning of the new Colleges while arrangement would be made to fill more positions in the future.

Council approved the Supplementary Budget to take care of the newly proposed Colleges of Law, Medicine and Management Sciences for the University.

 

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