JAMB TO REMIT LESS REVENUE TO FG THIS YEARVM-OLOYEDE

ABUJA —THE Registrar of the Joint Admission
and Matriculation Board, JAMB, Professor
Ishaq Oloyede, yesterday, told the Senate
that the body will remit N4.26 billion into
the federation account, this year, a far cry
from the N7.8 billion it remitted last year.
JAMB logo
Speaking in Abuja when he appeared before
the Senator Jibrin Barau, APC, Kano North-
led Senate Committee on Tertiary Education
and TETFUND for the 2018 Budget defence,
Oloyede, who noted that though the agency
is expected generate N14.691billion as
Internally Generated Revenue, said that
N7.744 billion of the money would be used
for overhead cost items while N2.683 billion
is earmarked for capital projects.
The JAMB Registrar explained that the
examination body was given zero allocations
for overheads and capital expenditure
components of the 2017 budget, adding that
with the 2018 budget proposal, the
examination body plans funding for the two
components from its projected IGR.
Meanwhile, Senators, yesterday, openly
disagreed on whether the huge remittance
JAMB made into the federation account last
year deserved commemdation.
Speaking further, he said: “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 N7.8 billion remitted last year.”

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