JAMB revenue hits N22 billion in 2024, as board remits 6 billion to FG

• JAMB remitted N5 billion that year, followed by N7.8 billion in 2017, N8 billion in 2018, N5 billion in 2019, and N7 billion in 2020.
• In 2021, JAMB remitted N3.51 billion, and N2 billion in 2023.

The Joint Admissions and Matriculation Board (JAMB) has said it generated N22 billion in revenue for 2024, with N6 billion remitted to the federal government coffers.

This information was disclosed in the JAMB weekly bulletin made available on Monday.

The exam board said it spent over N18 billion on the 2024 Unified Tertiary Matriculation Examinations (UTME), service providers, and essential expenses.

JAMB also noted that it staff claims totaling N2.1 billion were also paid out during the review period.

The board added that it provided a N1,500 subsidy per UTME registration candidate, totaling 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 earlier reported that between 2010 and 2016, JAMB remitted only N50 million cumulatively.

Remittances during this period included N11,522,808 in 2011, N25,303,274 in 2013, and N13,926,462 in 2014. No funds were remitted in 2010, 2012, 2015, and 2016.

However, remittances increased in 2016 following the appointment of Is-haq Oloyede as JAMB head by then-President Muhammadu Buhari.

JAMB remitted N5 billion that year, followed by N7.8 billion in 2017, N8 billion in 2018, N5 billion in 2019, and N7 billion in 2020.

In 2021, JAMB remitted N3.51 billion, and N2 billion in 2023.