Abeokuta — The Registrar of the Joint Admission and Matriculation Board (JAMB), Prof Ishaq Oloyede, the day past disclosed that the board remitted a minimum of N50 billion to the government in the remaining six years.
He stated the N50 billion used to be what used to be left after recording bills incurred in engaging in the exam, including that the remittance used to be due to measures put in position on, “cost control, prevention of financial leakages and minimisation of financial corruption.”
Oloyede disclosed the determine in Abeokuta, Ogun State, right through a lecture he delivered, as a part of the thirteenth Gbagura Day birthday celebration.
At the lecture, entitled, “The imperative of JAMB in Tertiary Education in Nigeria,” Oloyede stated the excess price range integrated over N29 billion at once returned into the Consolidated Revenue Fund (CRF), N11 billion dispensed on capital initiatives, Corporate Social Responsibility (CSR), financial savings of about N6 billion, amongst others.
The Registrar defined that the “humongous returns” had been in distinction to about N52 million – which is the cumulative go back of the former 40 years of the board.
He stated that UTME’s credibility and reliability, huge returns to the nationwide coffers, establishment of CSR, established order of presidency-owned CBT centres in all states of the federation, minimising fraud in National Youth Service Corps (NYSC) mobilisation are one of the most achievements of the board underneath his watch.
Oloyede stated “The contemporary strategic and structural inventions in JAMB have resulted in vital affects at the Board in spaces equivalent to value keep watch over, prevention of economic leakages and minimisation of economic corruption. This has modified the narratives such that JAMB now posts humongous returns to the Consolidated Revenue Fund (CRF).
“The Board additionally expanded inside capacities for its operations with direct execution of processes and procedures. Currently, over N50 billion has been recorded as surplus in the previous six years.
“Over N29 billion of this has been returned at once to the CRF. About N11billion dispensed on capital initiatives, Corporate Social Responsibility, financial savings (about N6billion) and others in contrasts to about N52million that were the cumulative go back of the former 40 years.
“Some critics argue that JAMB isn’t to, and will have to now not generate fund for the Government. Since JAMB fees are extraordinarily minimum when compared with an identical fees inside and outdoor Nigeria, exploitation is dominated out.
“Secondly, should JAMB then be revenue wasting Board? The Board reduced its charges in 2018 and in 2020 by about 30 per cent and has continued to expand its facilities and support institutions with the surplus from its well-managed finances. What then is the crime if not fault-finding?”
Oloyede recognized exam malpractice, admission outdoor central admission processing gadget, fallacious CBT centres, erratic energy provide, loss of uniform calendar by means of establishments as one of the most demanding situations confronting the board.
In his remarks, the Chairman of the instance and previous Vice Chancellor of the University of Lagos, Prof Rahmon Bello, emphasized at the Gbaruga kingdom’s dedication to power group construction thru training.
Author: This Day