Accounts and Finance

The Division is responsible for overall supervision of duties and operations of all financial transactions of the Institute. Two Sections make up the Division: Accounts Section and Purchasing/Supply Section.

The research policies of the Institute are supported by the following activities of the Division.

Activities Performed To Support The Institute's Research Mandate

• Allocation of resources to various Divisions/Sections through budgeting.
• Pursuing and collection of subventions, allocations, grants and all other forms of payments for financing of research activities.
• Diversification of funding sources through revenue enhancing policies.
• Advocacy to improve funding and budgetary allocation for research items.
• Expenditure control to minimize areas of waste and ensure maximum utilization of limited resources.
• Maintenance of up-to-date records/documentation of all transactions, for accurate reporting of the financial status of research projects at all times.
• Preparation of Monthly Financial Reports on progress of research activities for the Executive Director, as well as submission of Quarterly Returns to the Accountant-General of the Federation and the supervising Ministry.
• Advising the Executive Director on all financial matters affecting the Institute, for the attainment of the Institute’s objectives, which are mainly research-oriented.