The Joint Admissions and Matriculation Board (JAMB) has announced that it generated a revenue of ₦22.9 billion in 2024, remitting over ₦6 billion to the federal government as part of its operating surplus. The announcement was made in JAMB’s bulletin released on Monday, January 6, 2025.
Financial Breakdown
JAMB’s revenue was primarily generated through the 2024 Unified Tertiary Matriculation Examination (UTME). The board incurred ₦18.2 billion in expenses, which covered the following:
- Conducting the UTME
- Service provider payments
- Operational costs
- Staff claims amounting to ₦2.1 billion
Additionally, the board highlighted that the ₦6 billion remittance, coupled with the ₦1,500 reduction in UTME form fees, brought its total contribution to ₦9 billion for the year.
Achievements Under Professor Ishaq Oloyede
Under the leadership of Professor Ishaq Oloyede, JAMB has consistently demonstrated its commitment to transparency and accountability. Over the past seven years, the board has contributed more than ₦50 billion in operating surpluses to the national treasury.
Innovations and Future Plans
JAMB described 2024 as a “pivotal moment” marked by significant innovations that improved its operations and reinforced equity in the admission process. The board reaffirmed its dedication to maintaining these principles in 2025 and beyond, ensuring fairness and efficiency in its mandate.
JAMB’s achievements underline its role as a critical institution in Nigeria’s education sector, driving accountability and financial prudence while facilitating access to higher education.
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