To create a proactive and first rate ICT driven Finance Department posed to ensure that the Polytechnic ranks among the first 10 Polytechnics in Nigeria.
To guarantee the Polytechnic and her stakeholders the most efficient and effective way of resources mobilization, allocation and Management using appropriate information technology through the provision of excellent services.
Bursary as a Department:
The Bursary performs the financial and accounting functions of the Polytechnic. It is headed by the Polytechnic Bursar who is, by the Polytechnic Act, the Chief Financial Officer of the Polytechnic and is responsible to the Rector for the day-to-day administration and control of the financial matters of the Polytechnic.
The Bursary objectives in the process of service delivery include:
The Bursar and His Tools of Control:
The Bursar assists the Rector and the Governing Council to fulfill the mission and objectives of the Polytechnic through strict adherence to standard practices on financial management and accounting principles laid down by the Government and the Governing Council:
The Bursar carried out his duties with the help of the following tools of controls:
To assist the Bursar, the Bursary is divided into three (3) functional areas with each being headed by a Chief Accountant.
The Areas are:
(i) Salary and Wages Unit
(ii) Cash Office Unit
(iii) Pensions and Gratuity Unit
(iv) Main Store Unit
(v) Purchasing Unit.
(i) Final Account Unit
(ii) Expenditure Control Unit
(iii) Student Matters Unit
(iv) Budget, Planning and Project Unit
(v) Loans and Advances Unit.
Strategic Business Units:
(ii) Poly Staff College
(iii) Poly Staff School
(iv) Business Venture
(v) Consultancy Units
A strong control measure adopted by the Polytechnic to manage her resources is through budget planning and control. In the Polytechnic, the financial budget period is from January to December.
Private Mail Bag 50, The Federal Polytechnic, Ilaro, Oja Odan Road, Ogun State.
+23481 234 567 8900
Benefits & Resources
Ministry of Education
National Board for Technical Education
© The Federal Polytechnic, Ilaro 2021