In a breaking development, the Joint Admissions and Matriculation Board (JAMB) has once again remitted a whopping N2 billion as an interim surplus for the 2023 operating year. This announcement was made in a statement released on Thursday by JAMB’s spokesperson, Dr. Fabian Benjamin. The board highlighted its commitment to leveraging technology and efficient management under the leadership of Prof. Is-haq Oloyede, resulting in remarkable remittances to the Federal Government. Since Prof. Oloyede assumed office, JAMB has remitted over N55 billion, a significant increase compared to the less than N60 million remitted in the 38 years prior to his appointment.
The statement emphasized the board’s transformational policies, including cost-saving measures and recovery of assets, which contributed to the substantial surplus. These measures led to savings of N1.2 billion annually by renegotiating service contracts and recovering over N1.2 billion in cash and properties. The positive results were evident as JAMB remitted N7.8 billion in the first year under Prof. Oloyede’s leadership and has since contributed over N27 billion to the national treasury. These accomplishments are in addition to fee reductions and allocations to capital projects and staff welfare schemes, amounting to a cumulative surplus of approximately N54 billion over the past six years.
Furthermore, JAMB remains steadfast in its commitment to revamp the conduct of public examinations in Nigeria. In response to recent challenges faced during the 2023 Direct Entry registration, the board held a management committee meeting to address the issues and reaffirm its determination to ensure integrity and transparency in the admission process. As part of its comprehensive reforms, JAMB announced a major policy change: all Direct Entry candidates, including those seeking admission to the second year of universities, will now be required to sit the Unified Tertiary Matriculation Examination (UTME) alongside other candidates. This change aims to validate the possession of A’level certificates and enhance accountability within the admission value chain.
JAMB’s latest remittance and progressive policy changes reflect its unwavering dedication to uplifting Nigeria’s education sector. By promoting transparency, accountability, and good governance, the board aims to transform the perception and practices surrounding A’level admissions into higher institutions.