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General News of Wednesday, 1 November 2023


'The reckless spending Obi spoke about' - Reactions as FG budgets N5bn for presidential yacht

President Bola Tinubu and yacht President Bola Tinubu and yacht

The federal government has elicited outrage among Nigerians following its proposal to earmark the sum of N5.095 billion for the acquisition of a Presidential yacht under the capital expenditure Nigeria Navy and N5.5 billion for education loan fund in the 2023 supplementary budget.

This information was included in the 2023 supplementary appropriation details of MDA spending.

According to the document, the Nigerian Navy suggested spending N20.42 billion on recurrent expenses and N42.3 billion on capital expenditures, for a total budget of about N62.8 billion.

The Nigerian Navy's budget plan also includes the following items: buying vehicles, building naval bases in Lekki and Epe, supplying necessary equipment, and buying ammunition.

Following the federal government's measures, many Nigerians have expressed their dissatisfaction, deeming them unnecessary.

Some said that this is an example of the careless spending that Peter Obi, the presidential candidate for the Labour Party had earlier said will happen in the country.

Read some comments here

I.tobiloba: "The reckless spending PO spoke about. Presidential Yachts for what exactly? E sure me say na Seyi dey advise him papa"

cyril_unusual: "But they said they aren't here to eat NIGERIA'S money......omo them wan swallow the Treasury be that o"

sommy_op: "A presidential yacht?!?! Nigeria my country oh! Ahhhh who did us this thing"

samfreemind: "Wondering who placed a curse on Nigeria So Yacht is more crucial than citizens getting adequate Education"

kingsleyanajemba: "One would think that the budget for student loans will be higher than that of the presidential Yacht."

jay_bbag: "Look at who some mumu Nigerians think he want to fix Nigeria ????????"

kweenchygor30: "You no add the billions for remi tinubu suv jeeps"

siro.ogbe: "When the likers abi lickers of this likeable APC post ? Where una dey, Stockholm syndrome?"