JAMB Remits N6bn to Federal Government in Record-Breaking Year
The Joint Admissions and Matriculation Board (JAMB) has made headlines once again, this time for announcing a groundbreaking remittance of over N6 billion to the Nigerian government in 2024. This significant contribution came as a result of the board’s unwavering commitment to transparency and financial responsibility, as outlined in their recent weekly bulletin released by Dr. Fabian Benjamin, the Public Communication Advisor.
Impressive Financial Figures
In a remarkable display of financial prowess, JAMB revealed that it had generated a staggering total income of N22,996,653,265.25 in 2024. Out of this impressive sum, N6,034,605,510.69 was promptly remitted to the government, showcasing the board’s dedication to supporting national development initiatives.
Impact of Reduced Fees
One key factor that contributed to the substantial remittance was the decision to reduce the UTME form fees for candidates by N1,500. This seemingly small adjustment had a monumental effect, resulting in an effective remittance of N9,013,068,510.69 when factoring in the increased number of beneficiaries. This strategic move not only benefited aspiring students but also significantly bolstered the government’s financial resources.
Consistent Contribution
Under the visionary leadership of Prof. Is-haq Oloyede, JAMB has consistently demonstrated its commitment to national progress by contributing over N50 billion to the national treasury over the past seven years. This remarkable track record underscores the board’s integral role in shaping the future of education and economic growth in Nigeria.
As we delve deeper into the financial landscape of JAMB and its pivotal role in the country’s development, it becomes evident that the board’s impact extends far beyond the realm of academic assessments. With each remittance and contribution, JAMB is laying the foundation for a brighter and more prosperous future for generations to come.
