JAMB EARNED N22.9BN, REMITTED N6BN TO FG – BOARD
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The Joint Admissions and Matriculation Board has announced a remittance of over N6bn to the coffers of the Nigerian government in 2024.
Dr. Fabian Benjamin, the board’s public communication advisor, stated in the board’s weekly newsletter on Monday that JAMB made N22,996,653,265.25 in 2024, of which N6,034,605,510.69 was sent to the government.
The board also observed that the effective remittance increased to N9,013,068,510.69 when the number of beneficiaries was multiplied by the N1,500 decrease in the candidates’ Unified Tertiary Matriculation Examination form fees.
The board added that the payment was a component of their operating surplus after the 2024 UTME was conducted successfully.
The board further stated that, under the direction of its Registrar/Chief Executive, Prof. Is-haq Oloyede, it had made over N50 billion in contributions to the national treasury during the previous seven years.
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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