The Joint Admissions and Matriculation Board (JAMB) has announced a significant remittance of over N6 billion to the Nigerian government in 2024.
The announcement was made in the board’s weekly bulletin, which was released on Monday, January 6, by its Public Communication Advisor, Dr Fabian Benjamin.
According to the bulletin, JAMB generated a total income of N22,996,653,265.25 in 2024. Out of this amount, N6,034,605,510.69 was remitted to the government.
In addition, the board highlighted that the reduction of N1,500 in the Unified Tertiary Matriculation Examination (UTME) form fees, multiplied by the number of candidates who benefited from the reduction, increased the total remittance to N9,013,068,510.69.
The remittance forms part of the operating surplus generated by JAMB following the successful conduct of the 2024 UTME.
The board also noted its consistent contributions to the national treasury under the leadership of its Registrar/Chief Executive, Prof. Is-haq Oloyede. Over the past seven years, JAMB has remitted over N50 billion to the Nigerian government, further demonstrating its financial impact and transparency.
JAMB’s 2024 financial performance reflects its ongoing commitment to contributing to the country’s development, while also making efforts to ease the financial burden on candidates through the reduction in UTME form fees.
In its statement, the board remarked, “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, of which N6,034,605,510.69 was remitted 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.”
The news of this remittance highlights JAMB’s significant role in supporting the Nigerian economy, reinforcing its transparency and dedication to contributing to the nation’s financial growth.
