The Joint Admissions and Matriculation Board has announced a remittance of over N6bn to the coffers of the Nigerian government in 2024.
According to the board’s weekly bulletin released on Monday by its Public Communication Advisor, Dr Fabian Benjamin, 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 government.
Additionally, the board noted that the reduction of ₦1,500 in the Unified Tertiary Matriculation Examination form fees for candidates, multiplied by the number of beneficiaries, increased the effective remittance to ₦9,013,068,510.69.
The board also said the remittance formed part of its operating surplus following the successful conduct of the 2024 UTME.
The board also said it had contributed over N50bn to the national treasury over the past 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 ₦22,996,653,265.25.
“In 2024, the board remitted ₦6,034,605,510.69 to the government.
When combined with the ₦1,500 reduction per form for candidates multiplied by the number of candidates that benefited in 2024, the total remittance by JAMB would amount to ₦9,013,068,510.69.
Credit: punchng.com
