The Joint Admissions and Matriculation Board (JAMB) has announced the remittance of over N6 billion to the Federal Government as part of its operational surplus for the 2024 Unified Tertiary Matriculation Examination (UTME).
This brings JAMB’s total contributions to the national treasury to an impressive N50 billion over the past seven years under the stewardship of Professor Is-haq Oloyede, its Registrar and Chief Executive Officer.
The disclosure was made in JAMB’s Monday Bulletin, released in Abuja by its Public Communication Advisor, Dr. Fabian Benjamin, who emphasized the Board’s commitment to financial transparency and accountability.
According to JAMB, the Board generated a total income of N22,996,653,265.25 in 2024. Out of this, N18,198,739,362.68 was spent on conducting the UTME, engaging service providers, and fulfilling other essential expenditures. Staff claims accounted for N2,119,571,022.88 of the expenses.
Dr. Benjamin further revealed that JAMB remitted N6,034,605,510.69 to the Federal Government. Combined with the N1,500 reduction per application form offered to candidates, the total remittance value amounted to N9,013,068,510.69.
Since assuming office, Prof. Oloyede’s administration has emphasized financial responsibility. In its first year, the Board remitted over N7 billion and introduced a reduction in application fees, a practice sustained over the years. Reflecting on the Board’s achievements, JAMB stated: “As we reflect on 2024, it is essential to uphold our commitment to transparency by sharing our financial performance for the year. Looking ahead to 2025, the Board remains committed to maintaining accountability, transparency, and openness in all financial dealings.”
Prof. Oloyede’s tenure has been marked by bold reforms aimed at ensuring fairness in admissions and addressing systemic challenges. Among these reforms is the Board’s collaboration with the National Youth Service Corps (NYSC) to tackle the proliferation of fake certificates, formalized through an agreement in April 2024.
