JAMB Projects Record ₦24 Billion Internal Revenue Generation for 2026 Fiscal Year

Registrar Prof. Is-haq Oloyede reveals JAMB’s ₦24 billion IGR target for 2026, focusing on digital efficiency and fiscal transparency.

By: AXL Media

Published: Feb 26, 2026, 5:47 AM EST

Source: The information in this article was sourced from People's Gazette

Ambitious Fiscal Projections

The Joint Admissions and Matriculation Board (JAMB) has officially set its sights on a ₦24 billion Internally Generated Revenue (IGR) target for the 2026 calendar year. During a presentation to the National Assembly’s committee on tertiary education on February 26, 2026, Registrar Prof. Is-haq Oloyede detailed the board's financial roadmap. This projection represents a significant increase from previous years, driven by the board's expanded service offerings and the near-total automation of its administrative processes.

Efficiency Through Digital Transformation

The primary engine behind this revenue growth is the board’s aggressive shift toward a "paperless" environment. By migrating all candidate services from registration and result checking to change of course and institution to a centralized digital platform, JAMB has drastically reduced overhead costs. Prof. Oloyede noted that these savings are being redirected into the federal treasury rather than being lost to middleman contractors. The 2026 strategy also includes a more robust monitoring system for Computer-Based Test (CBT) centers to prevent revenue leakage at the grassroots level.

Maintaining Balance Between Revenue and Affordability

Despite the high IGR target, JAMB management emphasized that there are no plans to increase the cost of the Unified Tertiary Matriculation Examination (UTME) for candidates. The board maintains that its revenue is a byproduct of efficient management rather than the exploitation of students. By keeping fees stable while increasing the volume of service transactions, JAMB aims to demonstrate that a government agency can be both socially responsible and financially profitable. This model has been praised by lawmakers as a benchmark for other government-owned enterprises.