The Joint Admissions and Matriculation Board (JAMB) has remitted the sum of N3.51b to the national treasury as part of its 2021 operating surplus.
In a statement by JAMB spokesman, Dr Fabian Benjamin says the 2021 remittance was in line with Prof. Is-haq Oloyede’s commitment to prudent management of public resources.
According to statement Prof. Oloyede is committed to probity coupled with the adoption of international best practices make for cost-effective operational processes and attendant savings to yield those humongous remittances to government coffers.
It says the move to remit surplus to the federal coffers has been the norm rather than the exception in the last six years beginning from 2016 when he remitted the whopping sum of N7b and repeated same in subsequent years.
It notes that Prof. Oloyede-led management reduced the cost of application documents (UTME and DE) by candidates from N5000 to N3500.
The statement adds that the Board as led by Prof Is- haq Oloyede would continue to prune down the cost of governance and release resources for other needy national priority areas.