JUST-IN: House Of Rep Removes N5 billion Presidential Yacht From Supplementary Budget

• Earlier, the N5.09 billion allocation for a presidential yacht in the Federal Government’s N2.1 trillion supplementary budget sparked controversy.
• The student loan section is now N10 billion.

The N5 billion presidential yacht has removed from the 2023 supplementary budget by the House of Representatives.

Following the House’s approval of the N2.17 trillion supplementary budget on Thursday, Abubakar Bichi (APC, Kano), the chairperson of the House Committee on Appropriations, made this announcement.

Speaking to reporters, Mr. Bichi stated that the committee had eliminated the item and transferred the funds to the student loan division, totaling N10 billion.

Details to follow…