The National Assembly Joint Committee on Finance has raised concerns over the Federal Government’s grant allocations to the Joint Admissions and Matriculation Board (JAMB) and has threatened to eliminate such grants from the 2025 budget proposal.
The decision came after JAMB’s Registrar, Prof. Ishaq Oloyede, presented the agency’s 2025 budget proposal to the Joint Committee of the Senate and House of Representatives.
During the session, Oloyede revealed that JAMB remitted ₦4 billion to the Consolidated Revenue Fund in 2024 but received a government grant of ₦6 billion.
This discrepancy sparked criticism from lawmakers, including Hon. Abiodun Faleke and Senator Adams Oshiomhole, who questioned the rationale for providing allocations to JAMB, which is considered a self-sustaining agency.
The committee expressed concerns over JAMB’s financial practices and suggested that government funds allocated to the agency could be better utilized elsewhere.
Faleke asked, “Why not keep the N4 billion and stop government funding for JAMB?” Oshiomhole also slammed JAMB for its expenses, including N1.1 billion on meals and refreshments, N850 million on security and cleaning, and N
Faleke asked, “Why not keep the N4 billion and stop government funding for JAMB?” Oshiomhole also slammed JAMB for its expenses, including N1.1 billion on meals and refreshments, N850 million on security and cleaning, and N600 million on local travels. He demanded justification for the N6.5 billion spent on local trainings, asking, “What did you fumigate? Is it mosquitoes that took all this money?”¹
“You remitted N4bn and got N6bn f on the Federal Government. Why not keep the N4bn and we stop. the government from funding JAMB,” the Chairman, House Committee on Finance, Faleke asked.
“You spent N1.1bn on meals and refreshment. Are you being freely fed by the government? What this means is that you are spending the money you generate from poor students, many of them orphans.
“You also spent N850m on security, cleaning and fumigation in 2024.What did you fumigate? Is it mosquitoes that took al this money? ” Oshiomhole asked
The former Edo State Governor also slammed JAMB for spending N600m on local travels even as he called on Oloyede to justify the N6.5bn on local trainings.
More details to follow…
(Vanguard)
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