The Joint Admissions and Matriculation Board (JAMB) has announced that it remitted N2bn as an interim surplus for the 2023 operating year to the Federal Government. The Board’s registrar, Professor Is-haq Oloyede, pledged upon his assumption of office to leverage technology and management disciplines to improve the Board’s management, resulting in tremendous improvements in revenue generation. This achieved through the direct execution of processes and procedures, with savings made from service providers and the recovery of over N1.2bn in cash and estates in choice areas of Abuja in 2016.
According to JAMB’s Spokesman, Dr. Fabian Benjamin, the JAMB management had posted huge returns to the Consolidated Revenue Fund of the Federal Government, with over N55bn remitted since the current management led by Prof. Oloyede came into office. It was highlighted that the Board had struggled to generate meaningful revenue in its 40 years of existence, remitting a cumulative total of N55m to the national treasury. In contrast, Prof. Oloyede’s team reported an increase of N7.8bn in the first year of assuming the registrar position.
JAMB is committed to addressing corruption and efficient management practices, resulting in cost-savings, increased revenue and a net benefit to society. With more remittance expected once the Board’s operations for the year are completed, there is optimism for further positive change for the Education sector in Nigeria.
