The Cross River State House of Assembly Committee on Finance and Appropriation has cautioned the management of the University of Cross River State on the imperatives of financial prudence.
This advice was given yesterday when the committee interfaced with the school management, led by the Vice Chancellor, Professor Francesca Bassey, during the ongoing 2025 Mid-Year Budget Performance Review at the Assembly’s Complex in Calabar.
Chairman of the committee, Okon Owuna, advised them to abide by the Financial Regulations of the State in the discharge of their statutory duties.
He also encouraged the school to improve their Internally Generated Revenue (IGR), explaining that the aim of the Mid-Year Budget Performance Review was to assess the budget performance of MDAs in the first half of the fiscal year 2025.
Addressing the committee, the VC reiterated the commitment of her management to transparency and accountability in the discharge of their duties.
She also emphasized the importance of synergizing with the Assembly in the overall interest of the state.
Bassey expressed her confidence that the IGR of the University will improve in the next quarter of the year due to the expected admission of new students.
