Controversy Surrounds Allocation of Billions for Presidential Yacht and Luxury Cars in Supplementary Budget
President Bola Tinubu’s submission of a N2.1 trillion supplementary budget to the National Assembly has sparked widespread criticism, particularly due to allocations for a presidential yacht and luxury vehicles. The proposed budget includes N5.09 billion for the yacht, N2.9 billion for SUVs for the Presidential Villa, and an additional N2.9 billion for replacing operational vehicles for the presidency. Other allocations, such as N1.5 billion for vehicles for the Office of the First Lady (an office not constitutionally recognized), and N4 billion for an office complex in Aso Rock, have also drawn scrutiny.
Key Points:
- Presidential Yacht and Vehicles Allocation: The supplementary budget outlines allocations of N5.09 billion for a presidential yacht, N2.9 billion for SUVs for the Presidential Villa, and another N2.9 billion for replacing operational vehicles for the presidency. These allocations have raised eyebrows given the current economic climate.
- First Lady’s Office: Critics have questioned the allocation of N1.5 billion for vehicles for the Office of the First Lady, which is not constitutionally recognized. This allocation has added to the controversy surrounding the supplementary budget.
- Infrastructure Projects: The budget includes N4 billion for the construction of an office complex in Aso Rock and N2.5 billion for the renovation of the Vice-President’s official residence in Lagos. In total, N28 billion is proposed for the State House.
- Presidential Air Fleet: A significant allocation of N12.5 billion is earmarked for the Presidential Air Fleet. This includes various aircraft and helicopters used for official purposes.
- Critics’ Views: Financial analysts and critics argue that such allocations, especially for luxury items, are out of step with the austerity measures being experienced by the public. They express concerns about the prioritization of such expenses in the current economic context.
Conclusion: The proposed allocations in the supplementary budget have ignited a wave of criticism, particularly due to the significant sums designated for items like the presidential yacht and luxury vehicles. Critics argue that these allocations do not align with the prevailing economic challenges faced by the public. The controversy surrounding these budgetary decisions reflects broader discussions on fiscal responsibility and priorities in Nigeria.
