The Joint Admissions and Matriculation Board (JAMB) has remitted over ₦6 billion to the Nigerian government in 2024, according to its weekly bulletin released on Monday by Dr. Fabian Benjamin, the Public Communication Advisor.
The report disclosed that JAMB generated a total income of ₦22,996,653,265.25 in 2024, out of which ₦6,034,605,510.69 was remitted to the national treasury.
JAMB also highlighted that the reduction of ₦1,500 in Unified Tertiary Matriculation Examination (UTME) form fees for candidates, multiplied by the number of beneficiaries, effectively increased the remittance to ₦9,013,068,510.69.
This remittance forms part of the board’s operating surplus, achieved following the successful conduct of the 2024 UTME. JAMB further noted that it has contributed over ₦50 billion to the national treasury in the last seven years under the leadership of its Registrar/Chief Executive, Prof. Is-haq Oloyede.
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.”
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