The Joint Admission and Matriculation Board (JAMB) says it has paid an working surplus of N6 billion to the federal authorities coffers after the conduct of the 2024 Unified Tertiary Matriculation Examination (UTME).
Public Communication Advisor, JAMB, Dr. Fabian Benjamin, launched particulars of the remittances as contained within the Monday Bulletin of the Board.
The board revealed that it generated a complete revenue of N22,996,653,265.25 and spent N18,198,739,362.68 in the direction of conducting examinations (UTME), paying service suppliers, and overlaying important bills, together with workers claims amounting to N2,119,571,022.88.
The 12 months 2024, in line with JAMB, represented a pivotal second, marking a time to reap the rewards of the varied improvements it had applied.
It famous that one space the place the Board has demonstrated commendable braveness over time was in enhancing accountability, transparency, and openness in its monetary practices, stressing that since 2017, it has constantly offered weekly revenue and expenditure reviews for public scrutiny.
Whereas waiting for 2025, the Board reaffirmed its dedication to sustaining accountability and openness in all monetary dealings after a complete revenue of N22,996,653,265.25 was generated.“From this quantity, it expended N18,198,739,362.68 in the direction of conducting examinations (UTME), paying service suppliers, and overlaying important bills, together with workers claims amounting to N2,119,571,022.88.
“Upon assuming workplace, Professor Is-haq Oloyede’s administration crew prioritized monetary duty. In keeping with authorities rules, it remitted over N7 billion from its operational surplus through the first 12 months.
“Moreover, administration initiated a programme to provide again to candidates by lowering the price of its software paperwork by N1,500, a apply that has continued with subsequent remittances to the federal treasury.
“In 2024, the Board remitted N6,034,605,510.69 to the federal government. When mixed with the N1,500 discount per type for candidates, multiplied by the variety of candidates that benefited in 2024, the entire remittance by JAMB would quantity to N9,013,068,510.69,” JAMB mentioned.
