JAMB Proposes N12.4bn Budget for 2014
Last updated on by Olusegun Fapohunda
JAMB Proposes N12.4bn Budget for 2014:
The Joint Admissions and Matriculation Board has proposed a N12.4bn budget for the 2014 fiscal year.
Of this amount, the board overhead cost will gulp N7.5bn while its personnel cost will take N2.4bn.
The examination body however proposed a revenue target of N617.9m in the year.
Details of the agency’s proposal are in its 2014 budget proposal before the National Assembly. Our correspondent obtained the document in Abuja.
Among others, JAMB proposed to buy 500 and 1000 KVA generators valued at N70m for its activities in the year while it also budgeted N25.8m to fuel its generators.
The document further indicated that the agency planned to spend N9.4m to maintain its generators.
It also proposed N67.4m on local and international trainings, N85.6m on security services, N80.3m on cleaning and fumigation, N369.4m on insurance, and N51m on publicity/advertisement.
Others are construction of Computer-Based Test centres (N600m), procurement and installation of high-speed workstation for the centres, (N341m) construction of offices (N360m).
Meanwhile, the National Examination Council has also submitted a budget proposal of N22.3bn out of which the agency is expecting N454.9m as revenue.
The document submitted to the National Assembly, through the Federal Ministry of Finance, showed that N16.9bn will be spent on recurrent expenditure and N5bn on Personnel Cost. (Punch)
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