JAMB declares before Senate it is targeting N23.8bn internally generated revenue for 2026 and plans to remit N6bn to the Federation Account as operating surplus

The Joint Admissions and Matriculation Board (JAMB) has declared before the Senate that it is targeting N23.8 billion as internally generated revenue (IGR) for the 2026 fiscal year — representing a N4 billion increase over its 2025 projection.

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The revenue target formed part of the agency’s 2026 budget estimates presented to the Senate Committee on Tertiary Institutions and TETFund.

The presentation was made by Dr Muftau Bello, a Director in the office of the Registrar, Ishaq Oloyede.

Providing a breakdown of the proposal, the JAMB representative disclosed that N6 billion from the projected revenue would be remitted to the Federation Account as operating surplus.

“A total of N30.6 billion budget profile is proposed by JAMB in 2026, out of which N23.8 billion is to be generated internally and N6 billion to be remitted into the Federation Account as operating surplus for the year,” he said.

The agency also provided an account of its 2025 budget performance, informing the committee chaired by Muntari Dandutse that it generated N18.5 billion as IGR during the fiscal year and remitted N4 billion to the Federation Account as operating surplus.

On preparations for the 2026 Unified Tertiary Matriculation Examination (UTME), the director disclosed that 1,000 examination centres had been created across the country — significantly higher than the fewer than 800 centres utilised in 2025.

The expansion, he explained, is aimed at improving access and easing logistics for candidates nationwide.

Impressed by the board’s financial performance and operational expansion under Oloyede’s leadership, members of the committee commended the examination body and gave it a pass mark.