The Joint Admissions and Matriculation Board (JAMB) has generated an impressive amount of revenue for the Federal Government following the successful conduct of the 2023 Unified Tertiary Matriculation Examination (UTME). JAMB has remitted an interim surplus of N2 billion to the federation account, demonstrating its significant financial contribution.
Under the leadership of Registrar Prof. Is-haq Oloyede, JAMB has been committed to financial prudence and leveraging technology in its operations. Since assuming office in 2016, Prof. Oloyede has spearheaded initiatives that have substantially improved JAMB’s financial performance, resulting in the generation of over N27 billion directly into the national treasury.
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This surplus remittance showcases JAMB’s commitment to transparent financial management. The agency’s meticulous execution of processes and procedures, along with cost-saving measures, has led to impressive savings. By renegotiating contracts with service providers, JAMB has reduced its annual payments from N1.2 billion to approximately N400 million. Furthermore, the recovery of over N1.2 billion in cash and prime estates in Abuja further strengthens the agency’s financial position.
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In addition to the surplus remittance, JAMB has taken steps to transform the landscape of public examinations in Nigeria. Amid challenges encountered during the 2023 Direct Entry registration, the Board has implemented new processes to address infractions in the admission value chain. Notably, Direct Entry candidates will now be required to sit the Unified Tertiary Matriculation Examination (UTME) alongside other candidates, ensuring the validation of their A’level certificates. This policy change aims to enhance transparency and fairness in the admission process.
JAMB’s commitment to financial responsibility, substantial revenue generation, and educational reform is commendable. The agency’s remarkable contributions to the Federal Government’s revenue, coupled with its continuous efforts to enhance the integrity of public examinations, herald a promising future for the Nigerian education sector.
Source: The Nation Online Nigeria
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