The Senate and House of Representatives have agreed that the Federal Government’s 2025 budget grant will not be received by the Joint Admissions and Matriculation Board, JAMB.

The upper chamber who faulted the board’s financial management argued that it is unjustifiable for JAMB to remit N4 billion to the federation account while receiving 6 billion naira from the government in 2024.

This decision followed a presentation by JAMB Registrar, Ishaq Oloyede, before the joint committee of the Senate and House of Representatives, Senator Sani Musa during an interactive session on revenue projections for 2025.

Musa who responded to Oloyede’s claim questioned the JAMB Registrar over the rationale behind funding a self-sustaining agency with government grants.

However, Musa highlighted the Senate’s deep concern over the significant gap between the substantial revenues accrued by these agencies and their consistently low remittances to the federation account.

He pointed out that this discrepancy hampers the government’s ability to fund critical infrastructure projects and social services, raising issues of inefficiency, mismanagement, and potential revenue leakages.