The Joint Admissions and Matriculation Board (JAMB) has set an Internally Generated Revenue (IGR) target of N23.8 billion for the 2026 fiscal year.
Dr Muftau Bello, a Director in the Registrar’s office, disclosed this on Wednesday in Abuja during the defence of the board’s 2026 budget estimates before the Senate.
Officials of JAMB appeared before the Senate Committee on Tertiary Institutions and TETFUND to present their financial projections and operational plans for the coming year.
According to Bello, out of the projected N23.8 billion IGR, N6 billion will be remitted to the Federation Account as operating surplus.
“A total of N30.6 billion is proposed as JAMB’s 2026 budget. Of this, N23.8 billion will be generated internally and N6 billion remitted as operating surplus,” he said.
He added that in 2025, JAMB generated N18.5 billion as IGR and remitted N4 billion to the Federation Account.
On preparations for the 2026 Unified Tertiary Matriculation Examination (UTME), Bello disclosed that 1,000 Computer-Based Test (CBT) centres had been established nationwide, in addition to the 800 centres created in 2025.
During the session, Sen. Amos Yohanna Amos urged the board to further reduce the UTME registration fee, citing economic hardship among rural families.
He noted that many students in rural communities struggle to afford registration costs, which could limit their access to higher education opportunities.
Responding, Bello stated that the UTME fee had already been reduced from N5,000 to N3,500 under the current leadership.
Members of the committee commended JAMB for what they described as prudent financial management and effective execution of its mandate.
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