Parents and guardians can afford to pay more for UTME exam, since they pay more at so called ‘Miracle Centers,’ according to Joint Admission and Matriculation Board (JAMB) Registrar, Ishaq Oloyede, as the organization strives for financial independence.
Oloyede said the organization wants to leave the annual budget but needs authorisation to raise UTME fees to N5,000 from N3,500 when he testified before the House of Representatives Committee on Finance on Wednesday.
The registrar stated that the fees were decreased in 2017 since the organization does not generate income, but that the need for drastic action has arisen due to inflation and other economic factors.
Oloyede’s response to lawmakers’ questions about how the proposed increase would affect parents was that some parents pay more for miracle centers.
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He claimed that although the suggested boost is minor, it will give the body complete independence.
“We cancelled some centres because we heard that some parents paid N200,000 per child. There was a time we opened a platform for upgrades, a lot of people paid
“I believe we should revert to the N5000 we were charging. Given the inflation, if we charge N10,000– I am just giving it as an example, nobody will ask the federal government for one kobo. I am not aware of anywhere in the world, except maybe Finland— that charges as low as JAMB is charging. In Finland, we know that everything is free,” he said.
However, Oloyede maintained that the body is comfortable with the existing arrangement, noting that the arrangement was offered as an alternative in the face of the budget deficit facing the federal government.