The Joint Admissions and Matriculation Board (JAMB) says it is targeting N23.8 billion as its Internally Generated Revenue (IGR) for the 2026 fiscal year, an amount N4 billion higher than its 2025 target.
Targeted IGR for the Examination Body in 2026 and other budgetary proposals were presented to the Senate Committee on Tertiary Institutions and TETFUND by Dr Muftau Bello a Director in the office of the Registrar, Professor Ishaq Oloyede.
The JAMB representative in his presentation, said out of the targeted N23.8billion IGR , N6 billion would be remitted into the Nigerian government coffers.
The Director 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 N4 billion 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 are far higher than less 800 centres used in 2025.”
Impressed by the performance of JAMB under the leadership of Professor Oloyede, the Committee from Chairman to members, gave the examination body pass mark.
However Senator Yohanna Amos (Adamawa North), tasked JAMB to reduce its examination fee from N3,500 it is presently.
But the Director in his response said the fee was N5,000 before the current Registrar reduced it to N3,500.