BREAKING: JAMB Generates N22 Billion, Shares Amount it Remitted to FG's Coffers in 2024

• JAMB said it has remitted over N6 billion to the federal government coffers as part of its operating surplus after the conduct of the 2024 Unified Tertiary Matriculation Examination (UTME)
• The board disclosed 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, Professor Ishaq Oloyede
• The details of the remittances are contained in the Monday, January 6, bulletin of the board made available to Legit.ng

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering basic and tertiary education in Nigeria and worldwide.

Garki, Abuja - The Joint Admissions and Matriculation Board (JAMB) has said it generated N22,996,653,265.25 as income in 2024.

According to JAMB's latest bulletin, sent to Legit.ng on Monday, January 6, 2025, the examination board remitted N6 billion to the Bola Tinubu-led federal government after deducting its expenses.

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JAMB stated that it expended N18,198,739,362.68 towards conducting the 2024 Unified Tertiary Matriculation Examination (UTME), paid service providers, and covering essential expenses—including staff claims amounting to N2,119,571,022.88.

Lauding the outgone year as “a pivotal moment” to reap the rewards of the various innovations, JAMB said:

"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.

"Looking ahead to 2025, the board remains committed 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."

Meanwhile, the board highlighted various reforms its management instituted under the leadership of Prof. Is-haq Oloyede over the years culminating in significant achievements and recognition in 2024.

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It recalled that at a roundtable organised by the Economic and Financial Crimes Commission (EFCC) in January 2024, President Tinubu, represented by Vice President Senator Kashim Shettima, commended the board and specifically highlighted Prof. Oloyede’s "exemplary character, purposeful leadership, and prudent management of resources".

It noted:

“This recognition was underscored by the board’s remarkable contribution of N50 billion as an operating surplus to the national treasury over the past seven years."

Snapshot of JAMB

JAMB is a Nigerian entrance examination board for tertiary-level institutions. The board conducts the UTME for prospective undergraduates into Nigerian universities. The board is also charged with the responsibility to administer similar examinations for applicants to Nigerian public and private monotechnics, polytechnics, and colleges of educations.

All of these candidates must have obtained the West Africa Senior School Certificate (WASSCE) conducted yearly by the West African Examinations Council, WAEC, or its equivalent, National Examination Council (Nigeria), Senior School Certificate Examination, NECO SSCE.

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JAMB warns against henna use

Earlier, Legit.ng reported that JAMB said to ensure a smooth registration process for prospective candidates, it is crucial to adhere to the strict warning regarding the use of henna, also called “laali”.

JAMB said the application of henna on the fingers can lead to significant challenges during biometric verification during the registration for the 2025 UTME.

Source: Legit.ng