President 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.

“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 .

SOURCE :https://businessday.ng/news/article/after-ending-petrol-subsidy-fg-budgets-n5bn-for-presidential-yacht/

The evil men in government. Nigeria is not a serious country, but I will never give up because of some agberos, touts, drug barons, strange men, certificate forgers and fraudulent men. God is the only last hope of the common people in Nigeria at the moment.

Baba Tinubu needs to enjoy himself, all work and no play makes Jack a dull boy, he needs a side chick that would enjoy the yacht with him after the days job.

Nlfpmod

And some how the oppressed Agbado munchers still believes someone so wasteful like this could turn things around

What is Tinubu doing with a Yatch abeg at his age? abi him dey plan boat cruise this December? Which river him wan use?
I bet he might not climb the Yatch in the next four years

6 billion on Yatch but he is yet to pay the 35k approved for civil servant.

On your Manhood I stand Bola, and I'm not getting down anytime soon

While the E-Rodents are still here earning 30k per month.

Which Yacht? Nothing like that in the write up.

Nigerians should stop complaining on the Internet and hit the streets. How can one man impoverish the country and still the spend taxes on luxury?

Shame on those standing on his mandate on empty stomach

forgiveness:
Which Yacht? Nothing like that in the write up.

keep soaking your garri

They have told you to suffer on Earth today so you'll enjoy tomorrow in heaven.. abi

Continue

Shameless country

OMO X 1000000000000000000!!!!

Ishilove please why isn't anyone gathering at Ojota by now??

Pls i am not in support of flamboyancy particular during this financial struggles the country is in. However, from the above news, the Nigerian Navy proposed the budget which if appropriate protocols were to be followed, would be scrutinized and eliminated from by the national assembly and the senate.

Alright

Buhari would soon look like a saint.

forgiveness:
Which Yacht? Nothing like that in the write up.

Garri don nearly collect ur eyesight

Keep standing with Tinubu, u may not have any sight remaining to see the premium shege that will come before the end of Tinubu's first term

Naso

Nigeria had the choice of voting for Peter obi, but they went for a profligate waster and a crook.

You have sold the future of your children on the altar of bigotry and madness.

Stop helping people cos u are not the government. The sooner we all feel the co consequences of our actions or inactions the sooner will will wake up and start acting proper!

Nigeria needs to be sold.

Without remorse, and facing the glaring reality squarely, the country is doomed!

They removed subsidy to be spending the money on things like this.

This is the worst news I've heard today

GreatrAnalyst:
Buhari would soon look like a saint.

UptownVibes:
They removed subsidy to be spending the money on things like this.

Wittyness.

bobobenz:
NIGERIANS WHAT DO YOU THINK?

SHOULD THE PRESIDENCY BE SPENDING THAT SORT OF MONEY ON A YATCH

Yes, he should. Nigeria is a rich country and Tinubu deserves the best as the President.

And they can't settle with labour demands

Òmò this country

Thieves. And their supporters are buying fuel at 650