Politics
Just In: Capital Project Allocations-Excluded For JAMB, States Registrar (Details)
The Registrar of the Joint Admission and Matriculation Board (JAMB), Professor Ishaq Oloyede, clarified on Wednesday that the board does not receive allocations for capital projects and overhead from the national budget….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
Speaking during an interactive session with the House of Representatives Committee on Basic Education and a representative of the Accountant General of the Federation, Oloyede stated that JAMB has been remitting funds to the Federal Government since 2017.
He emphasized, “We don’t collect capital, we don’t collect overhead. If you look at the budgets of other agencies in our category, you will see they collect capital and overhead, but neither of these do we collect. Despite that, we make returns from what we collected. Our own IGR is what we spend on capital projects.”
Addressing concerns raised during the meeting, Oloyede attributed some remittance discrepancies to payment charges that the Accountant General’s Office did not record. He explained, “For example, when we pay N10, we report N10, but the portal through which the payment was made will deduct charges and record the net. While we record the gross, they are recording the net, and this accounts for those discrepancies. That is why reconciliation is necessary.”
In her presentation, the representative of the Accountant General of the Federation, Anum Lucy, detailed JAMB’s yearly remittances to the Federal Government’s account, starting with N7.8 billion in 2017 and subsequent contributions of N5.2 billion (2018), N3.6 billion (2019), N3.8 billion (2020), N3.5 billion (2021), and N3.1 billion (2022).
A group of Nigerians has staged a protest at the United Kingdom Parliament, calling for the removal of the Chairman of the Independent National Electoral Commission (INEC) ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
The demonstrators reportedly gathered outside the parliamentary complex, expressing dissatisfaction with the leadership of the electoral body in Nigeria and demanding immediate action.
They insisted that the INEC chairman should be removed, alleging concerns over credibility and trust in the electoral process as the country prepares for the next election cycle.
The protest drew attention from passersby and security personnel, as the group maintained their position that electoral reforms and leadership changes were necessary to restore public confidence.
Public commentator Mahdi Shehu has expressed concern over what he described as inadequate funding for military equipment, warning that it could endanger the lives of soldiers in active service.....KINDLY READ THE FULL STORY HERE▶
In a post shared on his official X account on Monday, Shehu reacted to reports suggesting that only a small fraction of the Nigerian Army’s 2025 budget for security equipment has been released.
He stated that although over ₦20 billion was approved for the procurement of security equipment, only about ₦1.7 billion—roughly 7 percent—has reportedly been disbursed so far.
Shehu questioned the possible impact of the funding gap on troop safety, suggesting it could be linked to growing battlefield casualties.
He also raised concerns about reported cases of soldiers abandoning their posts, implying that insufficient equipment and support may be contributing factors.
The commentator further asked what had become of funds borrowed in the name of addressing insecurity, calling for accountability in their use.
Shehu also suggested that delays or restrictions in releasing security funds could have serious consequences for both military personnel and civilians.
He expressed worry that different levels of government may not be fully meeting their responsibilities in ensuring the safety of lives and property.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the ongoing tensions involving the United States, Israel, and Iran are triggering global energy shocks that are contributing to rising inflation in Nigeria.....KINDLY READ THE FULL STORY HERE▶
Speaking on the economic impact of the geopolitical crisis, Edun explained that disruptions in global oil markets have pushed up energy costs, which in turn are feeding inflationary pressures across countries, including Nigeria.
He noted that Nigeria, while implementing economic reforms, is still exposed to external shocks from global events, particularly those affecting crude oil prices and energy supply chains.
According to him, the ripple effects of the conflict are evident in rising transportation, production, and food costs, which continue to strain households and businesses.
Edun maintained that the government is monitoring the situation closely and adjusting its economic policies to cushion the impact, while also strengthening reforms aimed at stabilising the economy amid global uncertainty.
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