Preparation of budget and grant from Government

(1) The Board may, in such form and by such date as may be prescribed by the Ministry of Education, prepare and submit to the Minister of Finance through the Minister of Education, an annual estimate of the Government’s contributions towards the expenditures of the University for each financial year, and the Minister of Finance shall, after consultation with the Minister of Education, present the said estimate to the National Assembly with such amendments, if any, as he may consider necessary. (2) The Minister shall place at the disposal of the Board such funds as are voted for the purpose by the National Assembly.