Victoria Mbangwa
The Joint Admissions and Matriculation Board (JAMB) has reaffirmed its dedication to transparency and efficient management, announcing a total contribution of over N50 billion to Nigeria’s national treasury since 2016 under the leadership of its Registrar, Prof. Is-haq Oloyede.
In its 2024 financial report released on Monday by the board’s Public Communication Advisor, Dr. Fabian Benjamin, JAMB disclosed generating N22.9 billion during the year. Out of this, N6 billion was remitted to the federal government as operating surplus.
The report further emphasized the board’s commitment to reducing the financial burden on candidates, citing the N1,500 reduction in the cost of the Unified Tertiary Matriculation Examination (UTME) forms. When calculated against the number of beneficiaries, this reduction raised the board’s effective remittance to N9.01 billion.
The memo reads, “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.”
