The Joint Admissions and Matriculation Board (JAMB) has returned N3.51 billion to the Federal Government’s Consolidated Revenue Fund as part of its 2021 operating surplus.
JAMB’s Head of Media and Information, Dr. Fabian Benjamin, announced this in a statement yesterday in Abuja.
The board had, in July, 2021, retuned N2 billion to the government coffers as an interim remittance, following the conduct of this year’s Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) examination in June
In the statement, the board explained that the 2021 remittance was in line with the Registrar, Prof. Is-haq Oloyede’s “avowed commitment to prudent management of public resources”.
The statement reads: “This commitment to probity, coupled with the adoption of international best practices, make for cost-effective operational processes and attendant savings to yield those humongous remittances to government coffers.
“This has been the norm rather than the exception in the last six years, beginning from 2016, when he remitted …N7 billion and repeated same in subsequent years.
“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 N5,000 to N3,500 in 2018 by President Muhammadu Buhari.
“This singular act has ensured the annual transfer of over N3 billion to the pockets of parents and guardians of candidates as a consequence of the slash in the price of UTME forms.
“The board, led by Prof. Oloyede, would continue to prune down the cost of governance and release resources for other needy national priority areas.”
About 1,338,687 candidates registered for this year’s UTME while 75,328 registered for the DE.
The examinations took place in June in 757 computer-based test (CBT) centres nationwide.