The Joint Admissions and Matriculation Board (JAMB) has announced the remittance of over N6 billion to the Federal Government’s coffers as part of its operating surplus for the 2024 fiscal year. This achievement follows the successful conduct of last year’s Unified Tertiary Matriculation Examination (UTME). According to the board’s Public Communication Advisor, Dr. Fabian Benjamin, JAMB has contributed over N50 billion to the national treasury in the last seven years under its Registrar, Prof. Is-haq Oloyede.

JAMB reported generating a total income of N22.99 billion in 2024, of which N18.19 billion was spent on conducting the UTME, paying service providers, and covering essential expenses, including workers’ claims amounting to over N2.1 billion. The board attributed this financial success to various innovations implemented over the years, which have enhanced its operational efficiency. Since 2017, JAMB has maintained a tradition of providing weekly income and expenditure reports to promote accountability and transparency.

Reflecting on its financial performance, the board reaffirmed its commitment to openness in financial practices. “As we reflect on 2024, it is essential to uphold our commitment to transparency by sharing our financial performance for the year,” the statement noted. Prof. Oloyede’s leadership has prioritized financial responsibility, with the board remitting over N7 billion in its first operational year under his administration. JAMB pledged to continue upholding these principles as it looks ahead to future endeavors.