The Joint Admissions and Matriculation Board (JAMB) has announced a remittance of over N6 billion 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 N22,996,653,265.25 in 2024, out of which N6,034,605,510.69 was remitted to the government.
The board said the reduction of N1,500 in UTME form fees for candidates, multiplied by the number of beneficiaries, increased the effective remittance to N9,013,068,510.69.
It added that the remittance formed part of its operating surplus following the successful conduct of the 2024 Unified Tertiary Matriculation Examination.
The board also said it has contributed over N50 billion 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 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.
Receive Alerts On:
Facebook: METRODAILYNG Twitter: @METRODAILYNG
REACH THE RIGHT PEOPLE AT THE RIGHT TIME WITH METRO DAILY NIGERIA. TRY AND ADVERTISE ANY KIND OF YOUR BUSINESS TO USERS ONLINE TODAY. KINDLY CONTACT US FOR YOUR ADVERTS OR PUBLICATIONS @ METRODAILYNG@GMAIL.COM or 08077778839. OR VISIT US AT OUR OFFICE AT
PLOT 273 REINSURANCE BUILDING
HERBERT MACAULAY WAY
2ND FLOOR, C WING, CENTRAL BUSINESS DISTRICT (CBD)
ABUJA – FCT.