Bola Tinubu’s administration has announced plans to spend N5.095 billion on a presidential yacht, despite outcries to cut the outrageous costs of running government.
According to the 2023 supplementary appropriation details of MDA spending seen by BusinessDay, the Nigerian Navy proposed a capital expenditure of N42.3 billion and a recurrent expenditure of N20.42 billion making a budget of around N62.8 billion.
Other items in the budget proposal from the Nigerian Navy include; the purchase of vehicles, construction of the naval base in Lekki and Epe, provision of critical equipment, and purchase of ammunition.
Many Nigerians say Tinubu’s administration lost a perfect opportunity to curb government excesses like the outrageous spending on exotic cars, selling off several planes in the presidential fleet, and pruning down wasteful government expenditures and inflated budgets that are not grounded in reality.
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“A broke and unproductive country is buying a presidential yacht and cars worth billions for the first woman and NASS?”
Tunde Martins said on X .
Meanwhile, Omoyele Sowore wrote on Twitter..
The @officialABAT dynasty of thieves! They want to buy a “Presidential Yacht” for N5billion for a man who’s never been to a stream before, they want to renovate a Presidential Lodge in Lagos for N4b for a man who just built a mansion in Lagos that stretches from Bourdillon to Queens Drive in Ikoyi! Reason the joker was grandstanding about his son, Seyi sneaking into FEC meetings just to fool the unwary. #RevolutionNow
They took fuel subsidies from the poor, floated the naira and introduced school fees so they could fund their luxuries while they maintain the miseries of the Nigerian populace!
Above are the 13 items they intend to allegedly buy with Nigeria tax payers money….