Home NEWS EDUCATION JAMB Remits N3.51 Billion Operating Surplus To National Treasury

JAMB Remits N3.51 Billion Operating Surplus To National Treasury

JAMB Registrar Prof. Oloyede
The Joint Admissions and Matriculation Board (JAMB) has remitted a total of N3.51 billion into the national treasury as part of 2021 operating surplus.
JAMB spokesperson, Dr. Fabian Benjamin, in a statement in Abuja yesterday, November 3, said that the 2021 remittance was in line with Professor Is-haq Oloyede’s avowed commitment to prudent management of public resources.
According to him, commitment to probity and the adoption of international best practices make for cost-effective operational processes and attendant savings to yield those humongous remittances to government coffers.
He said that this was the norm rather than the exception in the last six years beginning from 2016 when Oloyede remitted the whopping sum of 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 Professor 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 Professor Oloyede will continue to prune down the cost of governance and release resources for other needy national prioritise areas.”
Source: NAN.

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