President Bola Tinubu Govt To Spend N5Billion On Presidential Yacht, Over N19Billion On State House Vehicles, Renovation Of President, VP's Lodges Amid Untold Hardship
Tinubu Govt To Spend N5Billion On Presidential Yacht, Over N19Billion On State House Vehicles, Renovation Of President, VP's Lodges Amid Untold Hardship Tinubu Govt To Spend N5Billion On Presidential Yacht, Over N19Billion On State House Vehicles, Renovation Of President, VP's Lodges Amid Untold Hardship President Bola Tinubu’s administration has proposed to spend N5.095 billion on a presidential yacht. This is part of the expenditures proposed in the 2023 supplementary budget the President submitted to the National Assembly for approval. The budget has scaled the second reading at the House of Representatives.The Nigerian Navy has proposed a capital expenditure of ₦42.3 billion and a recurrent expenditure of ₦20.42 billion, with N5.095 billion going into the acquisition of a presidential yacht. Despite the unprecedented level of poverty and hardship in the country, the administration also budgeted the sum of N19.3 billion to buy vehicles for the President and renovate the Pr