BOSSkesh:
Igbos right now

condralbedez:
The question is where will he find the Water for the Yacht in Abuja, or does he thinks Aso Rock is in Lagos? I warned you all that this man juat came to enrich himself the more now it's getting clearer...

superCleanworks:


So Peter Obi can not be part of Nation Building without being president?
Is Sanwo Olu president?
Is Ben Ayade president?
Is Zulum president?
Is Otedola president?


Oga go and sleep

BOSSkesh:
Igbos right now

lexylaw40kuti:
SEARCH
Naija News

Tinubu Speaks On Request For Presidential Yacht Worth N5 BillionPublished on 2 November 2023 at 11:25 AMBy Rachel Okporu Fadoju
Kindly share this story:

President Tinubu seeks Senate approval for an additional $7.8 billion and €100 million in his 2022-2024 borrowing plan
The administration of President Bola Ahmed Tinubu, has debunked reports making the rounds online over plans to purchase a presidential yacht worth N5 billion.
Naija News earlier reported that the federal government is planning to spend N5 billion to purchase a presidential yacht 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.

However, in a statement on Thursday, the Senior Special Assistant to the President on Media and Publicity, Temiope Ajayi, clarified that Tinubu didn’t request any yacht and did not need one to perform his function considering the current state of the economy.

According to him, the request for a yacht was framed in the Navy’s budget, and it is assumed that they have an operational reason for it.

The statement reads, “It has become a pattern for some individuals, CSOs and a section of the media to pick one or two line items every budget cycle for sensational headlines, deliberately ignoring context in their reporting.

“The public that should benefit from good journalism, which should primarily educate and adequately inform, is left confused and miseducated due to the mischaracterisation of issues and misrepresentation of facts.

“The trending issues on social media since yesterday are two items in the 2023 supplementary budget. One is the provision for a presidential yacht in the supplementary budget by the Navy and the other is over N6 billion for vehicles to the State House.

“It is important to state clearly that President Bola Tinubu didn’t ask for a presidential yatch and I doubt he needs one to perform the functions of his office. From what I know, the request for a yacht, however it is named or couched in the budget is from the Navy and they must have operational reasons for why it is required.

“The budget office should be in a position to also explain to the public why such expenditure should be accommodated now, considering the economic situation of the country. I must readily admit that the one reason our budgeting system has been a subject of public attack is the very simplistic way some of the line items are described by civil servants, who prepare the budget. Examples abound. Sometimes in 2016, an Enterprise Resource Planning ( ERP) project of the Ministry of Solid Minerals worth over N300m then was captured in that year’s budget as “website”. Naturally, it generated a massive controversy as people, rightly, asked to know the type of website that will be built with N300million.

“It is important to say that journalism should enrich public enlightenment and not create an atmosphere of siege. It is poor reporting to always reduce State House budgetary provisions to the President and Vice President. When the State House makes provision for vehicles, it is reported as if it is the President that will use all the vehicles or eat all the food when a provision is made for food and catering services. We have had such inaccurate reporting in the past.”

kabillionaire:
One day, the whole country will knee down and beg H. E. Peter Obi to come, take over and bring Nigeria back on track.

accordadoga29:
Hehehehe

It’s good for Nigeria to acquire her own presidential yacht but for now I don’t think we need it.

We are still battling a lot in this economy and this yacht shouldn’t be our priority for now.

God bless Nigeria

superCleanworks:


So Peter Obi can not be part of Nation Building without being president?
Is Sanwo Olu president?
Is Ben Ayade president?
Is Zulum president?
Is Otedola president?


Oga go and sleep

Sirmwill:
No source?


Everything written here does not still make sense for why a presidential Yacht will be purchased

It does not make any sense at alllllll

And when did the "Office of the first lady" become a position


Smh

Laslas

It's Mohbad(that has gone to rest and does not even know any single person did anything for him on earth) that people are willing to rally/protest for and not for those that are still living

kabillionaire:
One day, the whole country will knee down and beg H. E. Peter Obi to come, take over and bring Nigeria back on track.

kabillionaire:
One day, the whole country will knee down and beg H. E. Peter Obi to come, take over and bring Nigeria back on track.

EmmyMaestro:
Then tomorrow we will hear that son of the president took presidential yacht to play ludo in Gombe

BOSSkesh:
Igbos right now

kabillionaire:
One day, the whole country will knee down and beg H. E. Peter Obi to come, take over and bring Nigeria back on track.

Amaggedon:
From what you wrote its evident you're a slowpoke. At the priority at the highest level will set presidence for priority at the lowest level . How can peter contribute to national building when he was denied power to. What is otedola's contributions to national building?

lexylaw40kuti:
SEARCH
Naija News

Tinubu Speaks On Request For Presidential Yacht Worth N5 BillionPublished on 2 November 2023 at 11:25 AMBy Rachel Okporu Fadoju
Kindly share this story:

President Tinubu seeks Senate approval for an additional $7.8 billion and €100 million in his 2022-2024 borrowing plan
The administration of President Bola Ahmed Tinubu, has debunked reports making the rounds online over plans to purchase a presidential yacht worth N5 billion.
Naija News earlier reported that the federal government is planning to spend N5 billion to purchase a presidential yacht 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.

However, in a statement on Thursday, the Senior Special Assistant to the President on Media and Publicity, Temiope Ajayi, clarified that Tinubu didn’t request any yacht and did not need one to perform his function considering the current state of the economy.

According to him, the request for a yacht was framed in the Navy’s budget, and it is assumed that they have an operational reason for it.

The statement reads, “It has become a pattern for some individuals, CSOs and a section of the media to pick one or two line items every budget cycle for sensational headlines, deliberately ignoring context in their reporting.

“The public that should benefit from good journalism, which should primarily educate and adequately inform, is left confused and miseducated due to the mischaracterisation of issues and misrepresentation of facts.

“The trending issues on social media since yesterday are two items in the 2023 supplementary budget. One is the provision for a presidential yacht in the supplementary budget by the Navy and the other is over N6 billion for vehicles to the State House.

“It is important to state clearly that President Bola Tinubu didn’t ask for a presidential yatch and I doubt he needs one to perform the functions of his office. From what I know, the request for a yacht, however it is named or couched in the budget is from the Navy and they must have operational reasons for why it is required.

“The budget office should be in a position to also explain to the public why such expenditure should be accommodated now, considering the economic situation of the country. I must readily admit that the one reason our budgeting system has been a subject of public attack is the very simplistic way some of the line items are described by civil servants, who prepare the budget. Examples abound. Sometimes in 2016, an Enterprise Resource Planning ( ERP) project of the Ministry of Solid Minerals worth over N300m then was captured in that year’s budget as “website”. Naturally, it generated a massive controversy as people, rightly, asked to know the type of website that will be built with N300million.

“It is important to say that journalism should enrich public enlightenment and not create an atmosphere of siege. It is poor reporting to always reduce State House budgetary provisions to the President and Vice President. When the State House makes provision for vehicles, it is reported as if it is the President that will use all the vehicles or eat all the food when a provision is made for food and catering services. We have had such inaccurate reporting in the past.”

ttobizz:
Army or navy budget, I care less. Presidential yatch for Presidential functions. After all its the president that will approve such budget. We are not fooled

accordadoga29:
Hehehehe

It’s good for Nigeria to acquire her own presidential yacht but for now I don’t think we need it.

We are still battling a lot in this economy and this yacht shouldn’t be our priority for now.

God bless Nigeria

Roboto11:
It is common practice in Nigeeia of today, for facts to be mis-characterised.

Anarchists, blogs, press who benefit from controversy and pull-him-down, deliberately go into distortion of truth and paint a gloomy untruthful picture when an individual or group they oppose make a statement.

Metrofox:


Keep shifting the goal post and gaslighting people to think they're stupid, then also add propaganda

Sirmwill:
No source?


Everything written here does not still make sense for why a presidential Yacht will be purchased

It does not make any sense at alllllll

And when did the "Office of the first lady" become a position


Smh

Laslas

It's Mohbad(that has gone to rest and does not even know any single person did anything for him on earth) that people are willing to rally/protest for and not for those that are still living