The Joint Admissions and Matriculation Board(JAMB) has remitted the sum of N6,034,605,510.69 to the Federal Government in 2024.
The Board also explained that the total remittance would have been N9,013,068,510.69 but for JAMB’s N1,500 reduction per form for Unified Tertiary Matriculation Examination (UTME) candidates.
The Board disclosed this in its Weekly Bulletin made available to journalists by its spokesperson, Dr. Fabian Benjamin.
It also disclosed that in 2024, the Board generated a total income of N22,996,653,265.25.
“From this amount, It expended 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,” it stated.
JAMB noted that one area it has demonstrated commendable courage over the years is in enhancing accountability, transparency, and openness in its financial practices adding that since 2017, it has consistently provided weekly income and expenditure reports for public scrutiny.
It added that it was essential for the Board to uphold its commitment to transparency by sharing its financial performance for the year.
“Upon assuming office, Professor Is-haq Oloyede’s management team prioritized financial responsibility.
“In line with government regulations, it remitted over N7 billion from its operational surplus during the first year.
“Additionally, management initiated a programme to give back to candidates by reducing the cost of its application documents by N1,500, a practice that has continued with subsequent remittances to the federal treasury,” it said.
Ahead of 2025, the Board expressed commitment to maintaining accountability, transparency, and openness in all financial dealings.
“The Board will also continue to ensure equity and fairness for all candidates in the admission process, which remains its core mandate,” it stated.