The Joint Admissions and Matriculation Board (JAMB) has announced a remittance of over N6bn to the coffers of the Nigerian government in 2024.
In 2024, JAMB earned N22,996,653,265.25 and remitted N6,034,605,510.69 to the government, according to the board’s weekly bulletin.
The reduction of N1,500 in Unified Tertiary Matriculation Examination form fees for candidates increased the effective remittance to N9,013,068,510.69.
The board also stated that the remittance was part of its operating surplus following the successful completion of the 2024 UTME.
The board also stated that it has given over N50 billion to the national treasury over the last seven years under the leadership of its registrar/chief executive, Prof. Is-haq Oloyede.
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 paired with the N1,500 reduction per form for candidates multiplied by the number of candidates that benefitted in 2024, JAMB’s total remittance would be N9,013,068,510.69.
