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.
The 2021 remittance, according to a statement by the board, is in line with the Registrar’s avowed commitment to prudent management of public resources.
“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,” the statement signed the JAMB’s spokesman Dr Fabian Benjamin said.
He said it has been the norm rather than the exception in the last six years beginning from 2016 when he – Registrar of JAMB, Prof. Ishaq Oloyede – remitted the sum of N7billion and repeated the same in subsequent years.
The statement 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.
“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 statement read.
It further said the Board, as led by Prof Oloyede, would continue to prune down the cost of governance and release resources for other needy national prioritize areas.