The Joint Admissions and Matriculation Board (JAMB) has reported generating N22 billion in revenue for 2024, with N6 billion remitted to the federal government, according to the board's weekly bulletin. The majority of the funds were allocated to operational costs, with over N18 billion spent on conducting the Unified Tertiary Matriculation Examinations (UTME), compensating service providers, and covering essential expenses.

The board's financial breakdown reveals N2.1 billion in staff claims and a N3 billion subsidy program that provided N1,500 per UTME candidate for registration costs.

This latest remittance continues a pattern of significant financial contributions to the federal government that began in 2016 under the leadership of Is-haq Oloyede. This marked a dramatic shift from the board's previous performance, which saw minimal remittances totaling just N50 million between 2010 and 2016.

Under Oloyede's administration, JAMB's federal remittances have consistently remained in the billions, ranging from N5 billion to N8 billion annually. Previous years' contributions include N7.8 billion in 2017, N8 billion in 2018, N5 billion in 2019, N7 billion in 2020, N3.51 billion in 2021, and N2 billion in 2023.

The improved financial performance stands in stark contrast to the period under former registrar Dibu Ojerinde, who served from 2007 to 2016. Ojerinde currently faces prosecution by both the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) for allegedly misappropriating over N900 million in public funds during his tenure. His trial for financial misconduct and resource mismanagement continues.​​​​​​​​​​​​​​​​