The Joint Admissions and Matriculation Board says it remitted over six billion naira to the coffers of the federal government in 2024.
According to JAMB, it generated a total income of N22,996,653,265.25 in the year under review, out of which N6,034,605,510.69 was remitted to the government.
This is contained in the board’s weekly bulletin released by its Public Communication Advisor, Dr Fabian Benjamin on Monday.
The board noted that the reduction of N1,500 in the Unified Tertiary Matriculation Examination form fees for candidates, multiplied by the number of beneficiaries, increased the effective remittance to N9,013,068,510.69.
It explained that the remittance formed part of its operating surplus, following the successful conduct of the 2024 UTME.
The board also disclosed that it contributed over 50 billion naira to the national treasury over the past seven years under the leadership of its Registrar/Chief Executive, Prof. Is-haq Oloyede.
“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”, the bulletin read in part.
