UTME, NECO not established for revenue' - Presidency speaks as Buhari reduces cost of forms

The Presidency on Wednesday through the Minister of Education, Adamu Adamu said that the Unified Tertiary Matriculation Examination and the National Examination Council were not established to be revenue generating bodies.
Adamu said this while announcing  that President Muhammadu Buhari has approved the reduction in cost of registration for the examinations, after the Federal Executive Council meeting in State House, Abuja, and it'll take effect from January 2019.

He said, “President Buhari has approved the reduction in the cost of Forms for JAMB UTME, NECO SSCE and the Basic Education Certificate Examination. With effect from January 2019, the cost of JAMB UTME Form will drop from N5,000 to N3,500. NECO will drop from N11,350 to N9,850.

“President Buhari directed the Ministry to look into the reduction following the significant improvement in revenues being remitted to the Treasury by the Education Agencies.

“The Exam Agencies are not meant to be revenue generating bodies, they’re only supposed to cover costs/operating expenses. The sharp increase in remittances by JAMB(from less than N60m in 2010–2016 to >N15 BILLION in 2017/18) have shown that the fees being charged could be reduced.”