The Council of the University of Buea has set the sum of 8,875,822,213 (eight billion, eight hundred and seventy-five million, eight hundred and twenty-two thousand, two hundred and thirteen) FCFA as budget for the 2023 fiscal year. It arrived at the figure during its end of year session held, December 20, 2022.
Of the said sum, the institution projects eight billion (90.84%) would be used for running budget expenditure, and eight hundred and twelve million, for investment budget expenditure.
“Council congratulated the services of the Financial Department under the leadership of the Vice Chancellor for presenting concise and precise documents which eased the work of members of Council during the deliberations,” remarked the institution’s Pro Chancellor, Professor Ako Edward Oben in a December 20 release.
The 41st Council, the Pro Chancellor went on, “endorsed the recommendation of the University for the reduction of fees for the Paid Professional Programme in Natural Resources and Environmental Management (NaREM).”
The body, he added, among others, also gave a nod to the creation of the University Centre for Drug Discovery (UB-CeDD) of the Faculty of Science.
UB’s 2023 budget is a slightly over 20 million short of 8,899,077,963 (eight billion eight hundred and ninety-nine million, seventy-seven thousand nine hundred sixty-three) FCFA adopted at the 39th Meeting of Council against 2022. During the said session, Council members agreed to prioritise construction and rehabilitation of infrastructures owned by the institution.