The Joint Admissions and Matriculation Board (JAMB) has remitted the sum of N3.51 billion to the national treasury as part of its 2021 operating surplus.
According to a statement made available to journalists Wednesday in Abuja by the JAMB Head of Media and Information, Dr Fabian Benjamin.
The 2021 remittance was in line with the Registrar of JAMB, Prof Ishaq Oloyede’s avowed commitment to prudent management of public resources.
He explained that this commitment to probity coupled with the adoption of international best practices makes 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 N7 billion and repeated same in subsequent years,” Benjamin added.
He noted 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.
JAMB spokesperson said 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 as led by Prof Ishaq Oloyede would continue to prune down the cost of governance and release resources for other needy national prioritize areas.