Unity College Principals Tasked On Prudence
Principals of the 104 Federal Unity Colleges have been charged to ensure prudence in the management of resources allocated to them.
Permanent Secretary, Federal Ministry of Education, Arch. Sunny Echono, gave the charge at the opening ceremony of a 3-Day ‘Value for Money Sensitization Forum’ in Abuja, a statement from the Ministry said.
Echono noted that the concept of Value for Money emphasizes that there should be corresponding result for resources committed to programmes and projects or services.
He urged the Principals to constantly do a cost effective analysis of their programmes to ensure that there is good justification for expenditures.
According to him, attention was now shifting towards spending less and achieving greater result, stressing that the challenges of scarce resources is universal and should not be an excuse for failure.
Earlier, Mrs. Tope Ajaye of the Budget Office reminded the Principals to be aware that they could be called to account for their stewardship even after retirement.
Ajaye enjoined them to ensure that due processes are followed in their projects implementation, stressing that no matter how good the intention may be, anything done outside the approved procedure could attract sanctions.