The Joint Admissions and Matriculation Board (JAMB) has generated N5,887,628,900.00 from the sales of forms for the 2021 Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) examination to admission seekers in the nation’s tertiary institutions.
The figures were obtained under the Financial Inflow column of the board’s Weekly Bulletin of April and May, editions of 2021.
The registration started on April 10 nationwide and ended on May 29, this year.
Few candidates with “special cases” were given an extension of time to register.
One million three hundred and thirty-eight thousand six hundred and eight seven (1,338,687) candidates registered for the UTME examination while seventy-five thousand three hundred and twenty-eight (75,328) registered for the DE this year.
The examinations will start June 19 and end on July 5 in over 777 computer-based test centres nationwide.
The figures from the board’s bulletin showed that it generated N2,045,497,450.00 in the first few weeks when the sales of registration instruments opened to UTME applicants on April 10.
From the April 27 edition of the bulletin, the board said it raked in N739,050,000.00 from the sales of e-pins.
A breakdown of the figures from the May 3 edition of the bulletin showed that the board generated N663,250,000.00 from selling e-registration pins.
In the May 10 edition, the figures showed that the board generated N682,200,000.00 revenue from sales of registration instruments for the examination.
According to the figures from the bulletin of May 17, edition, the board raked in N833,800,000.00 from the sales of e-registration pins.
Also, between May 23 and 31 edition, the board generated N810,131,450.00 and N113,700,000.00 from sales of e-registration pins.
Since Prof. Is-haq Oloyede was appointed Registrar/Chief Executive of JAMB in August 2016, the board has been making returns in billions into the Federation Account.
In 2019, the board generated N5 billion from the conduct of UTME but remitted N3 billion to the coffers of the Federal Government after the government asked the board to take N2 billion to enhance its operations.
Its highest remittance so far was in 2018 when it remitted N7.8 billion revenue it generated from the conduct of 2018 UTME to the coffers of the Federal Government.