Friday 3 November 2023

Lawmakers remove N5 billion presidential yacht from supplementary budget

 




The House of Representatives has removed the controversial
N5 billion presidential yacht from the 2023 supplementary budget.



 



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.

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