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Tinubu Speaks On Request For Presidential Yacht Worth N5 BillionPublished on 2 November 2023 at 11:25 AMBy Rachel Okporu Fadoju
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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.”

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

Sirmwill:
No source?

it's evident u can't read.. u need glasses 👓

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

lexylaw40kuti:
it's evident u can't read.. u need glasses 👓

I meant


A link

That can be clicked

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.

That's not possible

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.

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.

I am not affiliated to any party or politician. Even Obi is not a saint. They are all thieves

On your mandate I still stand

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."

This is the reality of the entire world in general. If you like kill yourself to satisfy people. They will still come up with allegations and condemnation.

Why are people not talking about the positive aspects of the budget?

Nonsense, what operational reason does our navy have to own a yatch, they are just trying to save face

What kind of excuse will he come up with

Yatch ko Yansi Ni

You are senselesx sir.

With the level of suffering in that country and horrible infrastructure that continues to endanger the citizen of that country, a good leader will not allow this level of ridiculousness to be said.

What's the return on investment on this N5 billion at the time you are asking citizens to endure?

You mumu

He should just deny everything.

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

🐘 Project

Even if the request was from the Navy, couldn't the committee on appropriation question its relevance?

The reason has to be stated and justified. Saying that the Navy must have operational reasons for including it in their budget just doesn't sit well.

In just 5 months, our economy just totally collapsed

Is Tinubu planning to continue the powder trade using the yacht as means of shipping?

Heheheee

Jagbajantis intete.

I see a very serious protest against Tinubu's administration happening in the north, I see the south following suit...

This I have seen.

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.

That will be the best day in the history of Nigeria

Drug pushers abi naa drug peddlers

Better

It is common practice in Nigeria 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.

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

You dey mind the Mumu Agbadorian kabillionaire? Only an ipob minded person will reason like him.

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...The shegee will touch everyone, be you APC, PDP OR LP MEMBER.

No excuse boss