JAMB makes new release

The Registrar, Joint Admissions and Matriculation Board ( JAMB ), Professor Ishaq Oloyede, on Monday, has released that the examination body will remit less than N7.8billion it remitted to Federal Government coffers in 2017 this year.

He noted although JAMB projected N14.691billion as its Internally Generated Revenue ( IGR), for 2018 fiscal year, N7.744billion out of it would be used for overhead cost items while N2.683billion is earmarked for capital project .

In his analysis, “If we remove N7.744bn estimated for overhead cost and N2.683bn earmarked for capital project from the projected N14.691bn IGR, the balance surplus would be N4.262bn to be remitted into the federation account as against N7.8bn remitted last year.

” This has to be so because of critical expenditure to be carried out on overhead cost in terms of maintenance and upgrading of our facilities and information technologies and in particular , the highly needed capital project of procurement of new headquarters that would be on the national fiber optics for easy connection.”

Oloyede noted that for the JAMB to install needed connections in its temporary site in Bwari town, it would cost it N300billion which necessitated it’s plan of either moving to the central area in Abuja metropolis or along the Airport road within the axis of University of Abuja. 

Source: TheNation