The National Assembly Joint Committee on Finance has warned that it might halt the allocation of funds to the Joint Admissions and Matriculation Board (JAMB) in the 2025 budget.
This decision followed a presentation by JAMB Registrar, Prof. Ishaq Oloyede, who appeared before the committee to justify the agency’s budgetary needs for the coming year.
During his breakdown of JAMB’s 2024 financial activities, Oloyede revealed that the agency remitted ₦4 billion to the Consolidated Revenue Fund while receiving ₦6 billion in grants from the Federal Government.
However, the committee was dissatisfied with this arrangement, questioning why a revenue-generating body should still rely on government allocations. Abiodun Faleke, Chairman of the House Committee on Finance, expressed frustration over the agency’s spending habits.
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.
