JAMB remits N3.5bn to FG

the unprecedented decision by the Buhari administration to give candidates a percentage of the registration cost might attribute it to the generous gesture.
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Official JAMB logo

The Joint Admissions and Matriculation Board, JAMB, said it has made an interim N3.5 billion remittance to the consolidated federal government account for the remittance scheduled in 2020.

The growth, according to the board, was in line with Prof. Is-haq Oloyede's avowed commitment to remit wholly, excess funds generated from its operations to the federal government in a statement Sunday evening through its Head of Media, Dr Fabian Benjamin.

It promised that it will remit more as soon as its operations are concluded and its books properly audited."

According to JAMB, by removing N1,500 from the cost of each ePIN sold to each candidate as directed by Presiden Muhammadu Buhari, payment of more than N3.5 billion had already been made to candidates.

He said,

“This brings the total remittances this year to over N7 billion with the assurance to remit more as soon as its operations are concluded and proper audit of its books done.

“From the outset, it had been the intention of the present leadership of the Board to return to federal coffers, whatever is left unutilised from its operational imperatives.

“The immediate benefit of the move manifested in the reduction by President Buhari of the UTME Registration fee payable by candidates from N5000 to N3,500 which entails the transfer of over N3 billion to candidates and guardians annually via the reduction in the cost of application documents,”.

Benjamin added that in 2017, the Board had remitted more than N7bn and replicated the same in subsequent years before the expense of submitting EPINs fell.

He said the unprecedented decision by the Buhari administration to give candidates a percentage of the registration cost might attribute it to the generous gesture.


He added

“To sustain the gesture, the Board will continue to come up with innovations on ways to ensure that candidates are provided with world-class services at modest cost as obtained anywhere in the world,”.

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