N50bn committed to nation’s treasury in seven years, says JAMB
….as the board remits over N6bn to FG
The Joint Admission and Matriculation Board (JAMB) has announced that no fewer than N50 billion in the last seven years have been committed to the national treasury under the leadership of its Registrar/Chief Executive, Prof. Is-haq Oloyede.
According to the board’s weekly bulletin released on Monday by its Public Communication Advisor, Dr Fabian Benjamin, over N6 billion was also remitted to the coffers of the Nigerian government in 2024
Giving a breakdown, Benjamin said the board generated a total income of N22,996,653,265.25 in 2024, of which N6,034,605,510.69 was remitted to the government.
Additionally, the Board noted that the reduction of N1,500 in UTME form fees for candidates, multiplied by the number of beneficiaries, increased the effective remittance to N9,013,068,510.69, adding that the remittance formed part of its operating surplus following the successful conduct of the 2024 Unified Tertiary Matriculation Examination.
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It partly stated: “As we reflect on 2024, it is essential to uphold our commitment to transparency by sharing our financial performance for the year. In 2024, the Board generated a total income of N22,996,653,265.25.
“In 2024, the Board remitted N6,034,605,510.69 to the government.
When combined with the N1,500 reduction per form for candidates multiplied by the number of candidates that benefited in 2024, the total remittance by JAMB would amount to N9,013,068,510.69″.
Source: PUNCH
