The Joint Admission and Matriculation Board has disclosed that it made N840 million in the last week of the 2019 UTME registration period; that is between February 15 and 21, 2019 as revenue. It was gathered that the sum was generated through the ongoing registration for the 2019 Unified Tertiary Matriculation Examination (UTME) and other sources including sale and use of its electronic facilities.
According to the board, N55,392,973 was made from the use of its electronic facilities; N758,000,000 from UTME registration, N24,073,710 as service charges by the CBT centres N3,162,720 from consultancy service and N16,000 from other sources.
It, however, noted that within the week, it recorded an expenditure of N97,052,298 million through its expenses on staff claims, payment for utilities, taxes among others.
At the close of sales of form on Thursday Feb 21st, 2019, over one million candidates had registered for the 2019 UTME.
