The Federal Government has received N3.51 billion from the Joint Admissions and Matriculation Board (JAMB) as a surplus from the board’s 2021Unified Tertiary Matriculation Examination (UTME).

The remittance “is in line with Prof. Is-haq Oloyede’s avowed commitment to prudent management of public resources,” according to a statement issued by the examination body and signed by its head of public affairs and protocol unit, Fabian Benjamin.

He claimed that the procedures used resulted in significant savings, resulting in massive remittances to government coffers.

“The remittance has been the norm rather than the exception in the last six years, beginning in 2016 when he remitted the whopping sum of N7 billion and repeating the same in subsequent years,” according to the statement.

“It is important to note that one of the direct benefits of the Prof. Oloyede-led management’s consistent remittances was President Muhammadu Buhari’s reduction of the cost of candidates’ application documents (UTME and DE) from N5000 to N3500 in 2018.”

He claimed that the one-time act ensured a “annual transfer” of over N3 billion to the pockets of candidates’ parents and guardians as a result of the UTME form price reduction.

“The Board, led by Prof Ishaq Oloyede, will continue to reduce governance costs and free up resources for other national priorities,” the statement said.