The Joint Admission and Matriculation Board, JAMB, on Wednesday declared N23.8billion as its targeted internally generated revenue, IGR for 2026 fiscal year.
The JAMB Registrar, Professor Ishaq Oloyede, who disclosed the figure during 2026 budget defence session with the Senate Committee on Tertiary Institutions and TETFUND, said N6billion of it would be remitted into the federal government coffers .
The Registrar, who was represented by a Director in the Office of the Registrar, Dr Muftau Bellosaid, disclosed that a total of N30.6billion budget profile is proposed by JAMB in 2026, out of which N23.8billion is to be generated internally and N6billion to be remitted into federation account as operating surplus for the year.
He had earlier in his presentation on 2025 budget performance, informed the Senator Muntari Dandutse -led committee that N18.5billion was generated in the fiscal year as IGR and N4billion remitted to the federation account as operating surplus.
On preparedness of the examination body for 2026 UTME, the Director said 1,000 examination centres have been created which according to him, are far higher than less 800 centres used in 2025.
Impressed by the performance of JAMB under the leadership of Professor Oloyede, the lawmakers gave the examination body a pass mark.
However, Senator Yohanna Amos, tasked JAMB to reduce its examination fee from N3,500 presently charged.
However, the Director in his response said the fee was N5,000 before the current Registrar reduced it to N3,500
