JUST IN: Lawmakers Remove N5 Billion Presidential Yacht From Supplementary Budget

The controversial N5 billion presidential yacht has been removed from the 2023 supplementary budget by the House of Representatives. The budget was passed on Tuesday by the House after adopting the report submitted by the Chairman of the Appropriations Committee, Abubakar Bichi from Kano State. The Committee of Supply considered the recommendations of the Appropriations Committee and passed the bill. Bichi, after the passage of the budget, spoke with journalists and announced that the controversial presidential yacht was removed by the committee.

He stated that the N5 billion was moved to the Student Loans. It would be recalled that the proposal by President Bola Tinubu had included spending N1.5 billion on vehicles for the office of the First Lady, N5 billion on a presidential yacht, and another N12.5 billion on the presidential air fleet. There are ongoing campaigns on social media to stop the National Assembly from approving the supplementary budget, however, the bill has been given speedy approval. Following the passage of the bill, Speaker Tajudeen Abbas announced that the president would sign the bill on Friday.

---

Posted: at 2-11-2023 04:39 PM (1 year ago) | Addicted Hero

Fake news.The yatch is still in the budget.I just watched the news about 30minutes ago where the presidency is clarifying the Nigerian populace that the yatch is not for luxury but would be handed to the navy for security purpose.

---

Posted: at 3-11-2023 12:59 PM (1 year ago) | Gistmaniac