The Presidency has debunked a report which said that President Bola Ahmed Tinubu's administration proposed an allocation of funds in the 2023 supplementary budget for the purchase of a N5.095 billion presidential yacht.
Nigeria President Bola Tinubu arrives for the closing session of the New Global Financial Pact Summit, on June 23, 2023 in Paris. – Nigeria’s Supreme Court on October 26, 2023 rejected the opposition’s challenges to President Bola Ahmed Tinubu’s election victory, validating his mandate after the last legal challenge. A seven-judge panel ruled as without merit opposition appeals over claims of fraud, electoral law violations and Tinubu’s ineligibility to run for president.
“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. Naturally, it generated a massive controversy as people, rightly, asked to know the type of website that will be built with N300million.
“We have had such inaccurate reporting in the past. A President and Vice President cannot, for any reason, spend N20 million naira to eat in a year if it is about the food they will eat as first and second families.
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