The administration of President Bola Tinubu has proposed spending N5.095 billion on a presidential yacht. This is among the expenses included in the 2023 supplemental budget that the President filed for approval with the National Assembly.
The Nigerian Navy has suggested spending ₦42.3 billion on capital projects and ₦20.42 billion on ongoing expenses, of which N5.095 billion would go toward purchasing a presidential boat.
The administration has set aside N19.3 billion in its budget to upgrade the President’s and Vice President’s lodges in Abuja and Lagos, as well as purchase cars for the president and vice president, despite the nation’s previously unheard-of levels of poverty and hardship.
Also, the sum of N3 billion will be spent on what was tagged “acquisition, renovation and rehabilitation of two Economic and Financial Crimes Commission (EFCC) fortified quarters as State House Complex” at Guzape and Mabushi respectively.
The breakdown shows ‘purchase of SUVs – N2.9 billion; replacement of operational pool vehicles -N2.9 billion; renovation of residential quarters for Mr President – N4 billion; renovation of Aguda House (Vice President’s residence) -N2.5 billion; computerization and digitalization of the State House – N200 million; construction of office complex within the State House – N4 billion; renovation of Dodan Barracks -official residence of Mr President – N4 billion; renovation of official quarters of vice president in Lagos – N3 billion.
