Sunday , August 19 2018
Breaking News

JAMB remits N7.8bn to FG from 2018 UTME

The Joint Admissions and Matriculation Board, JAMB, said on Sunday that it had remitted N7.8bn revenue it generated from the 2018 Unified Tertiary Matriculation Examination to the coffers of the Federal Government.

JAMB said the remittance was its projection for 2018, noting that the Federal Government, however, returned about N2bn to the board to use for capital projects, since no money had been given for such.

JAMB Head of Information, Dr Fabian Benjamin, stated this in an interview with our correspondent on Sunday, adding that after the government’s allocation for the board’s projects, it was still left with N5.6bn

Benjamin said, “JAMB has returned N7.8bn to the Federal Government. By way of the law, what we returned was N7.8bn, but the government gave us over N2bn to use for capital projects. So, the balance with them is N5.6bn.

“Revenue is still coming in for the board. Every day, there are activities and transactions on our portals. So, money comes in every day. Yes, we made projections for 2018, and what we returned was part of the projections we made about our expected revenue from January to December.”

On the 2018 admission process, Benjamin said the board had held a policy meeting with the higher institutions to commence the Post-UTME and the offer of admission.

“After the policy meeting, what we are doing now is to conduct admission and we are urging the institutions to refresh their pages and download the changes that candidates have made so that they can give them room for the Post-UTME.

“We have made the Central Admissions Processing System better than what we had before. Institutions have started their post-UTME immediately after the policy meeting. Some schools have started offering admission to students,” Benjamin said. – Punch

 

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.