The Joint Admissions and Matriculation Board (JAMB) has announced that it remitted ₦3.51 billion to the Federal Government coffers as its operating surplus for the 2021 examination year.
Highlights of JAMB's Remittance Statement
In a statement signed by JAMB's Head of Public Affairs and Protocol, Dr. Fabian Benjamin, the Board highlighted its financial prudence under Registrar Prof. Ishaq Oloyede:
- Since 2016, when Prof. Oloyede first remitted ₦7 billion, JAMB has consistently returned billions of naira in operating surpluses to the Federal Treasury through cost-effective digital operations.
- JAMB noted that these sustained surpluses directly led President Muhammadu Buhari to slash the cost of the UTME/DE application form from ₦5,000 to ₦3,500 in 2018, saving Nigerian parents and guardians over ₦3 billion annually.
ASUU's Reaction to the Remittance
Reacting to the development, a senior official of the Academic Staff Union of Universities (ASUU), Prof. Adelaja Odukoya, argued that rather than returning billions collected from students into general government coffers, such surpluses should be ploughed directly back into upgrading infrastructure across Nigerian public tertiary institutions.
Published by Mentra Academic Research
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