Welcome to the Bursary Unit

The Bursary Unit is a vital component of the University of Ibadan, responsible for the effective management of the university's financial resources. As the financial backbone of the institution, the Bursary Unit ensures that all financial transactions are carried out with the highest standards of transparency, accountability, and efficiency to support the university’s vision of academic excellence and innovation.

Our Mission

The mission of the Bursary Unit is to provide exceptional financial services to the University of Ibadan by managing all fiscal matters with integrity, responsibility, and professionalism. We strive to offer timely financial reports, prudent financial advice, and ensure that all financial processes are in line with regulatory requirements. Our overarching goal is to foster a sustainable financial environment that supports the university's academic, research, and community service missions.

Our Vision

Our vision is to be recognized as a premier financial services unit that upholds the core values of accountability, excellence, and stewardship in managing the University of Ibadan’s resources. We aim to be proactive in adapting to financial challenges and contributing to the long-term success of the university by ensuring its financial health and sustainability.

Core Responsibilities of the Bursary Unit

• Budget Preparation and Monitoring: We prepare the university’s annual budget, ensuring that financial resources are allocated efficiently to meet the needs of the institution.
• Revenue and Expenditure Management: The Bursary Unit manages the collection of all revenue, including student fees, grants, and donations. We also ensure that payments for salaries, procurement, and other operational costs are made accurately and promptly.
• Financial Reporting: We prepare comprehensive financial statements and reports, providing transparency and accountability for the university's finances to stakeholders.
• Procurement and Vendor Management: The unit oversees procurement processes and ensures timely payments to vendors and service providers.
• Payroll and Staff Benefits: The Bursary Unit administers the payroll system, ensuring the prompt and accurate disbursement of salaries, benefits, and pensions to the university’s staff.
• Student Financial Services: We manage student financial records, process tuition fees, and facilitate the disbursement of scholarships, bursaries, and financial aid to deserving students.

Key Services Offered by the Bursary Unit

• Budgeting and Financial Planning
• Fee Payment Processing
• Vendor and Supplier Payments
• Staff Salary Administration
• Tax and Compliance Management

Our Commitment to Excellence

The Bursary Unit is committed to maintaining the highest standards of financial management and stewardship. We are focused on continuous improvement through professional development, technological upgrades, and adopting best practices in financial management.

By aligning our services with the strategic objectives of the University of Ibadan, we contribute to its reputation as a leading institution of higher learning, renowned for academic excellence and research innovation.