JAMB remits N3.51bn operating surplus to Treasury



By Rosemary Ogbonnaya

The Joint Admissions and Matriculation Board(JAMB) has remitted the sum of N3.51b to the national treasury as part of its 2021 operating surplus.

This was contained in press statement issued to journalists in Abuja by the Board’s Head of Media and Protocol, Dr. Fabian Benjamin, in Abuja on Wednesday.

It said the 2021 remittance was in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of public resources.

According to the statement, 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,” the statement reads in part.

Meanwhile, the Board, led by Prof Is-haq Oloyede has promised to continue to prune down the cost of governance and release resources for other needy national prioritize areas.