Joint Admission and Matriculation Board (JAMB) has remitted over N6 billion to the Federal government coffers as part of its operating surplus after conduct of the 2024 Unified Tertiary Matriculation Examination (UTME).

The Board also revealed that it has so far contributed over N50 billion as an operating surplus to the national treasury over the past seven years under the watch of Professor Is-haq Oloyede as Registrar and Chief Executive Officer.

This was contained in a bulletin of the Board made available to newsmen in Abuja by the Public Communication Advisor, JAMB, Dr. Fabian Benjamin.

According to JAMB, 2024 represented a pivotal moment, marking a time to reap the rewards of the various innovations the Board has implemented. It noted that one area where the Board has demonstrated commendable courage over the years is in enhancing accountability, transparency, and openness in its financial practices.

It stressed that since 2017, the Board has consistently provided weekly income and expenditure reports for public scrutiny saying, while looking ahead to 2025, the Board, reaffirmed its commitment to maintaining accountability, transparency, and openness in all financial dealings

It revealed that In 2024, the Board generated a total income of N22,996,653,265.25 saying 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.

In 2024 the bulletin says, the Board remitted N6,034,605,510.69 to the government noting that, When combined with the N1,500 reduction per form for candidates multiplied by the number of candidates that benefited in 2024, the total remittance by JAMB would amount to N9,013,068,510.69.

Looking ahead to 2025, the Board declared it's committed to maintaining accountability, transparency, and openness in all financial dealings, promising that it will also continue to ensure equity and fairness for all candidates in the admission process, which remains its core mandate.

The Board highlighted various reforms instituted by the management of the Joint Admissions and Matriculation Board under the leadership of Prof. Is-haq Oloyede over the years culminating in significant achievements and recognition in 2024.