The Joint Admissions and Matriculation Board(JAMB) has remitted the sum of 3.51billion naira to the national treasury as part of its 2021 operating surplus.
This was disclosed by the Board’s Head of Media and Publicity, Dr. Fabian Benjamin in a press statement on Wednesday, November 3, 2021.
TheFact Nigeria gathered that JAMB generates revenue from sale of Unified Tertiary Matriculation Examinations (UTME) forms and scratch cards to prospective candidates.
According to the statement, the 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of public resources.
The statement added that this commitment to probity coupled with the adoption of international best practices made for cost-effective operational processes and attendant savings to yield those humongous remittances to government coffers.
It explained that this had been the norm, beginning from 2016 when the JAMB Registrar, Prof. Is-haq Oloyede remitted the whopping sum of N7 billion and repeated same in subsequent years.
The statement continued: “It is pertinent to note that one of the direct benefits of the sustained remittances by the Prof. Oloyede-led management manifested in the reduction of the cost of the application documents (UTME and DE) by candidates from N5000 to N3500 in 2018 by President Muhammadu Buhari.
“This singular act has ensured the annual transfer of over N3b to the pockets of parents and guardians of candidates as a consequence of the slash in the price of UTME forms.
“The Board as led by Prof Is- haq Oloyede would continue to prune down the cost of governance and release resources for other needy national prioritized areas”, it read.