JAMB Restates Commitment In Remitting Operating Surpluses


The Joint Admission and Matriculation Board (JAMB), has said it will continue its practice of remitting the operating surpluses, maintaining that it is constitutional.

The board disclosed this on Monday in a statement signed by its Head, Public Affairs, Dr. Fabian Benjamin.

“In line with existing government’s directive which was reiterated recently by the Director of Budget Office, the Joint Admissions and Matriculation Board would continue its practice of remitting the constitutionally-mandated proportion of its operational surpluses.

”This is a known fact that all underutilized funds by Ministries, Departments and Agencies, MDAs, should be returned to the public treasury.

“The board and public-spirited Nigerians are at a loss as to the reason for the various campaigns of calumny being mounted by some individuals who feel that these remittances should not be made,” he said.

“It might interest these arm chair critics that a direct fallout of the remittances was the decision of the Federal Government to reduce the cost of the purchase of the e-pin from N5000 to N3500, the cheapest globally.

“it is a truism in policy making that, certain trends should be observed over a period of time before policy pronouncements are made. Hence, the decision to reduce the price of application documents was contingent upon the observation that even if the price were to be slashed, the Board would be able to conduct its examination unhindered.

“In addition, it might also interest the public to know that never in the history of tertiary institutions in Nigeria have the institutions benefited from the Board’s operations as they now do. For instance, a huge chunk of these surpluses are ploughed back to the tertiary institutions through the National Tertiary Admissions Performance Merit Award and other platforms.”

The Board maintains that the cost of obtaining the Unified Tertiary Matriculation Examination( UTME) or the Direct Entry (DE) e-pin today is the lowest globally.

“However, the present management of the Board is determined to continue on the path of giving value for money even as it continues to seek ways of further pruning down the cost of conducting the Board’s flagship examination.

“In essence, once these innovative measures which have led to these surpluses are institutionalised, the Board would further look at how to further enhance the registration process to benefit the candidates and the general public the more.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

Pen Publishers Hosts Speech Contest on Chastity and Education Reform

Pen Publishers, in collaboration with Ibiyemi Bookstores and The Relishh Brand, successfully hosted a Speech Giving Contest and Seminar at Ataoja School of Science, Osogbo. Themed "The Power of Purity: How Chastity Can Transform Nigeria’s Future Leaders and the Need to Expunge CSE from School Curriculum," the...

FG Sets Up Committee to Tackle Bullying in Schools

In a decisive move to curb bullying in schools, the Federal Ministry of Education (FME) has inaugurated a seven-member committee tasked with addressing bullying incidents nationwide. The Minister of Education, Dr. Maruf Olatunji Alausa, emphasized the psychological toll of bullying on students, stressing the urgency of effective intervention....

NECO Blacklists 14 Exam Centres Over Malpractice

The National Examinations Council (NECO) has blacklisted 14 examination centres across Ogun and Oyo states due to their involvement in exam malpractice across nine subjects. NECO Registrar, Prof. Dantani Wushishi, made this announcement on Friday at the Council’s headquarters in Minna, Niger State, during a media briefing where...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading