The federal government is planning to spend N5 billion for the purchase of a presidential yacht in the 2023 Supplementary Budget.
Nigerians have taken to social media to react to plans by President Bola Tinubu to purchase a Presidential yacht worth N5 billion.
Recall that this was added in the 2023 Supplementary Budget.
It was learned that the proposed sum is under the capital expenditure of the Nigerian Navy’s budget.
According to the breakdown, the Navy will require N62.8 billion for its operations, with recurrent expenditure and capital expenditure gulping N20.4 billion and N42.3 billion, respectively.
Recall that on Monday, the Federal Executive Council (FEC) approved the submission of N2.17 trillion as a supplementary budget to the National Assembly.
However, the President requested a “speedy” consideration and approval of the appropriation bill, and the House of Representatives and the Senate speedily passed the bill for a second reading.
Following the development, some Nigerians took to social media to berate the Tinubu government for planning to purchase a presidential yacht at a time when the people were suffering.
See some of the reactions below.
@General_Oluchi wrote: “BATidiots are wailing in the comments after Premium Times reported that Tinubu is planning to buy a presidential yacht.”
@TokunboAdesina wrote: “It’s much better to be mute than say the Presidential yacht belongs to the navy or acts as a military vessel.”
@Mindset_Post wrote: “Tinubu budgeted N5 billion for a yacht, While the person planning to teach Peter Obi a lesson is waiting for a Bus at Ojota Bus Stop.”
@imohumoren wrote: “One of the poorest countries in the world (currently) having a budget for a Presidential Yacht? The clouds you see over Nigeria are made from cocaine dust.”
@n6oflife6 wrote: “Dear @officialABAT, I totally support your Purchase of a “NATIONAL YACHT” Up next, pls buy a Space Rocket. It’s your L’okan. Ronu Baby.”
@aku_buo wrote: “I just got my 10bn yacht now. Navigating towards Yoruba Ronu kingdom to teach Peter Obi a lesson. They must stand on that mandate.”
@Morris_Monye wrote: “13.5bn to renovate Aso-villa for few persons. 5bn for Presidential Yacht for a few persons. 5bn for Student loans of almost 1m students. Omo!”
@FinPlanKaluAja1 wrote: “Your total revenues can’t pay your salaries or debt, yet you are buying a yacht. To impress who? An absolute joke. This is the muppet show.”
@sp_OJOAGBA wrote: “President Yacht, these olodo and their fellows like Brymo, Seyi Tinubu, Kudus, Nigeria Navy are happy for the Yacht. Hope you are still standing a bi hunger don bend una leg?”
