- JAMB has made N8.5 billion form the sales of admission forms in 2018
- The agency had remitted N7.8 billion to the federal government's covers in 2017
- It was gathered that since Professor Is-haq Oloyede came on board as registrar, JAMB had ceased to request funding from the FG for its capital and recurrent expenditures
The Joint Admission and Matriculation Board (JAMB) generated a princely N8.453billion from the sales of forms to applicants seeking admission into tertiary institutions in Nigeria in 2018, Premium Times reports.
Legit.ng gathered that a top official of the Board told Premium Times on Friday, May 11, that the revenue came from payments made by 1,602,762 candidates who registered for the Unified Tertiary Matriculation Examination (UTME) held across the country in March.
It was gathered that an official of the board who pleaded anonymity said that part of the revenue also came from registration fees paid by 135, 670.00 Direct Entry (DE) candidates.
"Each of the total 1,798,438 UTME and direct entry candidates paid N5,500 for the forms out of which N4,700 goes to JAMB’s coffers while N800 is remitted to banks and suppliers of reading texts to applicants.
"The number of applicants was lower this year following reforms in the application process which effectively blocked multiple registration by candidates. About N1.8million UTME and DE candidates sought tertiary admissions in 2017", the official said.
It is not exactly clear how much the Board will remit to the federal government this year after settling computer-based test centres, and paying other service providers and exam officials.
In 2017, the examination body paid in N7.8 billion to the government. It was gathered that the remittance for 2018 will be close to that amount.
“As you know, change of course and universities are ongoing. It is only after we are done with the entire admission process for the year that we will be able to determine the total revenue for the year”, the official said.
Premium reported that since the arrival of Is-haq Oloyede, a professor, as registrar, JAMB had ceased to request funding from the federal government for its capital and recurrent expenditures.
“The registrar is now asking the government to allow JAMB handle the payment of salaries and allowances to its personnel. He believes that will enable the board to improve the working condition of its staff by paying them better.
“Since he is blocking loopholes for stealing and eradicating corruption, the registrar believes it is important that staff are better paid from the revenues they help make every year. That way, they will not be tempted to revert to corrupt acts.”
The official said Oloyede has also asked the government to allow JAMB spend N2billion from its revenue this year, and another N2billion next year, to upgrade its corporate headquarters in Abuja and improve its state offices across the country.
“But as you know, there has to be approval and everything has to be appropriated before any spending can be made,” he said.
When contacted, Oloyede confirmed JAMB has made “more than N8billion” from sales of forms but declined further details.
He directed further enquiries on the matter to the spokesperson of the Board, Fabian Benjamin.
Fabian confirmed the information but added, “You know the direct entry admission is still on as well as change of course and university. So more money is likely to be generated from there. And our revenue will most likely go up.”
Meanwhile, Legit.ng had previously reported that the Joint Admissions and Matriculation Board (JAMB) said it will not condone multiple registration for Direct Entry and Unified Tertiary Matriculation Examination, UTME while insisting that it had so far remitted more than N5 billion to government, the highest ever in the 40 years of its existence.
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