JAMB REMITS OVER ₦6BN TO FG. (PHOTO).
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JAMB Remits Over ₦6bn to Federal Government
The Joint Admissions and Matriculation Board (JAMB) announced on Monday the remittance of over ₦6 billion to the Nigerian government as part of its 2024 operating surplus.
According to JAMB's bulletin, released by its Public Communication Advisor, Dr. Fabian Benjamin, the Board generated ₦22.9 billion in total income during the 2024 Unified Tertiary Matriculation Examination (UTME) cycle. Expenditures, including service provider payments and staff claims, amounted to ₦18.1 billion.
The Board, under the leadership of Registrar Prof. Is-haq Oloyede, has contributed over ₦50 billion to the national treasury over the last seven years.
JAMB emphasized its commitment to transparency, noting that 2024 marked a pivotal year of harvesting gains from its implemented innovations.
It added, “In 2024, we remitted ₦6.03 billion to the government. Factoring in the ₦1,500 reduction per form for candidates, the total remittance equals ₦9.01 billion.”
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