The Joint Admission and Matriculation Board, JAMB, on Monday, announced that it remitted over N6 billion to the coffers of the federal government.
The Board stated that the development is part of its operating surplus after the conduct of the 2024 Unified Tertiary Matriculation Examination, UTME.
JAMB also announced that it has, so far, contributed over N50 billion as an operating surplus to the national treasury over the past seven years under the watch of its Registrar/Chief Executive, Prof Is-haq Oloyede.
This is contained in the Bulletin of the Board made available to newsmen in Abuja on Monday by Dr. Fabian Benjamin, Public Communication Advisor, JAMB.
According to the Bulletin, JAMB generated a total income of N22,996,653,265.25 and spent N18,198,739,362.68 towards conducting examinations, UTME, paid service providers and covering essential expenses, including staff claims amounting to N2,119,571,022.88 in 2024.
JAMB stated that 2024 represented a pivotal moment, marking a time to reap the rewards of the various innovations it had implemented.
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″.
