“What was named as Presidential Yacht in the budget is an Operational Naval boat with specialised security gadgets suitable for high-profile operational inspection and not for the use of the President.”The presidency says the operational naval boat with specialised gadgets referred to as Presidential Yacht in the 2023 supplementary budget is not for the use of President Bola Tinubu.
Some economic reforms of the administration have caused hardship for Nigerians. Many believe that while the government continues to urge Nigerians to endure, it is not practising what it is preaching.Following public reactions over the provision for what is termed presidential yacht and other line items in the 2023 Supplementary Appropriation presented to the National Assembly, it is important to provide some clarifications.
1. What was named as Presidential Yacht in the budget is an Operational Naval boat with specialized security gadgets suitable for high-profile operational inspection and not for the use of the President. It is called presidential yacht by way of nomenclature because of the high-level security features.
3. The payment request for the boat was part of the committed obligation submitted by the office of the Chief of Naval Staff to the Ministry of Defence. The total of the submitted requests was in excess of N200 billion out which N62 billion was approved by the President.