Part of the revenue also came from registration fees paid by 135, 670.00 Direct Entry (DE) candidates, he said. The official asked not to be named because he did not obtain official permission to divulge the details to journalists.
Each of the total 1,798,438 UTME and Direct Entry candidates paid N5,500 for the forms out of which N4,700 goes to JAMB’s coffers while N800 is remitted to banks and suppliers of reading texts to applicants, the official further explained.
The number of applicants was lower this year following reforms in the application process which effectively blocked multiple registration by candidates. About N1.8million UTME and DE candidates sought tertiary admissions in 2017.
It is not exactly clear how much the Board will remit to the Federal Government this year after settling computer-based test centres, and paying other service providers and exam officials.
In 2017, the examination body paid in N7.8 billion to the government. Our source said the remittance for 2018 will be close to that amount.
“As you know, change of course and universities are ongoing,” the official said. “It is only after we are done with the entire admission process for the year that we will be able to determine the total revenue for the year.”
Our source said since the arrival of Is-haq Oloyede, a professor, as registrar, JAMB had ceased to request funding from the federal government for its capital and recurrent expenditures.
“The registrar is now asking the government to allow JAMB handle the payment of salaries and allowances to its personnel. He believes that will enable the board to improve the working condition of its staff by paying them better.
“Since he is blocking loopholes for stealing and eradicating corruption, the registrar believes it is important that staff are better paid from the revenues they help make every year. That way, they will not be tempted to revert to corrupt acts.”
The official said Mr. Oloyede has also asked the government to allow JAMB spend N2billion from its revenue this year, and another N2billion next year, to upgrade its corporate headquarters in Abuja and improve its state offices across the country.
“But as you know, there has to be approval and everything has to be appropriated before any spending can be made,” he said.
When contacted, Prof. Oloyede confirmed JAMB has made “more than N8billion” from sales of forms but declined further details. He directed further enquiries on the matter to the spokesperson of the Board, Fabian Benjamin.
Mr. Benjamin confirmed the information provided by our source but added, “You know the direct entry admission is still on as well as change of course and university. So more money is likely to be generated from there. And our revenue will most likely go up.”