Home 2709 Updates JAMB remits N3.51b operating surplus to National Treasury.
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JAMB remits N3.51b operating surplus to National Treasury.

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According to the Joint Admissions and Matriculation Board (JAMB), the board has successfully remitted N3.51 billion naira into the country’s National Treasury.

The spokesperson of JAMB, Fabian Benjamin, made this announcement on Tuesday, 2nd November, at a meeting held in Abuja.

According to Benjamin, the operating surplus remittance of N3.51 billion naira was part of JAMB’s registrar, Professor Ishaq Oloyede’s pledge to ensure prudent management of resources.

In Benjamin’s words;

“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 the whopping sum of N7b 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 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.”

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