Registrar of the Joint Admission and Matriculation Board, Prof. Ishaq Oloyede, has said JAMB generated N12bn as income in 2017.
He added that after deducting its expenses, it remitted N7.8bn to the federal government.
He spoke during a media briefing in Ilorin, the Kwara capital on Monday.
According to him, the board was able to remit such huge amount of money to FG because it blocked loopholes and checked wastages.
He stated that though JAMB was not a money generating agency, it was also not a money wasting establishment.
The registrar said 1.7million candidates sat for the last UTME in addition to 200 direct entry candidates, adding that the board was expecting two million candidates to sit for the examination in 2018.