By capital Watch Media
The Joint Admissions and Matriculation Board (JAMB) has said it generated N22 billion in revenue in 2024 and remitted N6 billion to the federal government’s coffers.
This was disclosed in the board’s weekly bulletin, which was reviewed by newsmen.
The board noted that it expended over N18 billion in conducting the 2024 Unified Tertiary Matriculation Examinations (UTME), paying service providers and covering other essential expenses.
The board also paid N2.1 billion in staff claims in the year under review.
JAMB added that it provided a N1,500 subsidy for UTME registration per candidate. The subsidy, according to JAMB, amounts to N3 billion.
The bulletin reads in part: “In 2024, the Board generated a total income of N22,996,653,265.25. From this amount, it expended N18,198,739,362.68 towards conducting examinations (UTME), paid service providers, and covering essential expenses, including staff claims amounting to N2,119,571,022.88.”
It was gathered that
the board only remitted a cumulative N50 million between 2010 and 2016.
