JAMB remits N2bn operating surplus to FG’s coffers

The Joint Admissions and Matriculation Board, JAMB, has remitted N2 billion as its interim operating surplus for the 2023 to the coffers of the Federal Government.

JAMB in a statement signed on Thursday by its spokesperson, Dr Fabian Benjamin, the remittance was in line with Prof. Is-haq Oloyede-led management commitment to leverage technology towards achieving minimum operating cost and effiecient management of the affairs of the Board.

“On assumption of office of the current Registrar, he had come up with a policy which holds that whatever would be done, must be on the table. This has changed the narratives such that JAMB now posts humongous returns to the Consolidated Revenue Fund.

“These returns were bolstered by the Board’s expanded internal capacities for its operations achieved through direct execution of its processes and procedures, which instantly resulted in, for instance, a savings of N1.2billion being paid annually to a service provider and a downward review of the N1.2billion being annually paid to another to about N400million with the same old service provider.

This is in addition to the recovery of over N1.2 billion in both cash and estates in choice areas of Abuja, in 2016.

“It was these steps and many others, which had ensured that a Board, which had remitted cumulatively in its 40 years of existence about N55 million to the national treasury, rendered N7.8billion in the first year of the assumption of office of Prof. Oloyede and has since contributed over N27billion directly into the national treasury.

“The remitted amount is without prejudice to the 30% reduction in its application fee (N10.8billion in 4 years since the reduction), Capital Fund (N11billion including N6billion, which is yet to be committed), Annual Awards/Grants to Tertiary Institutions for Capital Projects (N1billion) and Special Staff Welfare Scheme (N2billion). This would aggregate the cumulative surplus to about N54 billion over the last six years.”

In another development, the Board has expressed its commitment to press ahead with its efforts to reposition the conduct of public examinations in Nigeria.

In a statement issued at the end of its management committee meeting held to appraise the recent crisis witnessed in the conduct of the 2023 Direct Entry registration, the Board stated that the seeming crisis was birthed by the implementation of some of its newly-adopted processes aimed at curbing infractions in the admission value chain given our national peculiarities.

Another major policy change also to be implemented by the Board to holistically address all loopholes giving rise to abuses in the Direct Entry admission processes is that all DE candidates, which comprise those seeking to be in year two in the universities, would henceforth be required to sit the Unified Tertiary Matriculation Examination along with other candidates for them to justify the possession of their A’level certificates.

“This policy is to be situated within the ambit of the Board’s relentless efforts aimed at enhancing the growth of the nation’s education sector as it would promote transparency, accountability and good governance.

“It also underscores the Board’s commitment and determination towards changing the negative narrative of A’level admissions into higher institutions in Nigeria.”

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