JAMB Generates N12b, Remits N7.8b As Revenue In 2017

The Joint Admission and Matriculation Board in 2017 generated N12b as proceeds from examination registration. 

After deducting its expenses, a total of N7.8bn was remitted to the coffers of the federal government.

The  Registrar Prof. Ishaq Oloyede,  disclosed this during a media briefing in Ilorin, the Kwara capital on Monday. 

According to him, the board was able to remit such huge amount of money to FG because it blocked loopholes and checked wastages.

He stated that though JAMB was not a money generating agency, it was also not a money wasting establishment.

The registrar said 1.7million candidates sat for the last UTME in addition to 200 direct entry candidates, adding that the board was expecting two million candidates to sit for the examination in 2018.