The federal government of Nigeria has budgeted the sum of N5 billion for Presidential yacht and N5.5 billion for student loan
The sum is part of the N2.17 trillion supplementary budget President Bola Tinubu sent to the National Assembly for approval,
The Nigerian Navy proposed a capital expenditure of 42.3 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.
While N5.1 billion was also budgeted for the rehabilitation of 100 schools in 100 days programme in the Federal Capital Territory (FCT).
However, this has raise a lot of eyebrows from Nigerians where presidential candidate, Sowore and Media personality Reno reacts through their respective social media accounts pointing out how insensitive and waste of resource it is to purchase a presidential yacht.
