Home / Business and Economy / JAMB remits N3.51b as 2021 operating surplus 
JAMB Registrar, Prof. Ishaq Oloyede

JAMB remits N3.51b as 2021 operating surplus 

JAMB Registrar, Prof. Ishaq Oloyede

The Joint Admissions and Matriculation Board (JAMB) has remitted the sum of N3.51b to the national treasury as part of its 2021 operating surplus.

The 2021 remittance, according to a statement by Fabian Benjamin, Head, Public Affairs and Protocol of JAMB, is in line with Prof. Is-haq Oloyede’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. This has been the norm rather than the exception in the last six years beginning from 2016 when he remitted the whopping sum of N7b and repeated same in subsequent years.

“It is pertinent to note  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 N3b 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. Is-haq Oloyede would continue to prune down the cost of governance and release resources for other needy national prioritized areas,” the statement concluded..

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