Revealed: How JAMB Made 8.5Billion From [2018] Admission Forms

JambThe Joint Admissions and Matriculation Board (jamb) generated a princely N8.453billion from the sales of forms to candidates seeking admission into tertiary establishments in Nigeria in 2018, PREMIUM TIMES will with authority report.

A high official of the Board told this newspaper friday morning that the revenue came from payments made by 1,602,762 candidates who registered for the Unified Tertiary matriculation Examination (UTME) held across the country in March.

Part of the revenue also came from registration fees paid by 135, 670.00 Direct Entry (DE) candidates, our source said. The official asked to not be named as a result of he failed to get official permission to impart the small print to journalists.

Each of the total 1,798,438 UTME and direct entry candidates paid N5,500 for the forms out of that N4,700 goes to JAMB’s coffers since N800 is remitted to banks and suppliers of reading texts to candidates, the official more explained.The number of candidates was lower this year following reforms within the application method that effectively blocked multiple registration by candidates. About N1.8million UTME and de candidates wanted tertiary admissions in 2017

It is not specifically clear what proportion the Board can remit to the federal government this year after settling computer-based test centres, and paying other service providers and exam officials.

In 2017, the examination body paid in N7.8 billion to the govt. Our source said the remitted for 2018 are going to be near to that amount.

Jamb Change Of Course and Institution

“As you know, change of course and universities are ongoing,” the official said. “It is only when we are done with the entire admission process for the year that we will be able to verify the total revenue for the year.”

Our source said since the arrival of Is-haq Oloyede, a professor, as registrar, jamb had ceased to request funding from the federal government for its capital and recurrent expenditures.

“The registrar is now asking the government to allow jamb handle the payment of salaries and allowances to its staff. He believes that will enable the board to boost the working condition of its employees by paying them higher.

“Since he is blocking loopholes for stealing and eradicating corruption, the registrar believes it is vital that employees are better paid from the revenues they help make every year. That way, they will not be tempted to revert to corrupt acts.”

The official said mr. Oloyede has also asked the government to allow jamb spend N2billion from its revenue this year, and another N2billion next year, to upgrade its corporate headquarters in abuja and improve its state offices across the country.

“But as you know, there has to be approval and everything has to be appropriated before any spending can be made,” he said.

When contacted, Prof. Oloyede confirmed jamb has made “more than N8billion” from sales of forms but declined further details. He directed further enquiries on the matter to the spokesperson of the Board, Fabian Benjamin.

Mr. Benjamin confirmed the information provided by our source but added, “You know the direct entry admission is still on as well as change of course and university. so more money is likely to be generated from there. And our revenue can presumably go up.”

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