N50b presidential yacht not for Tinubu but for Navy operations – Presidency

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The Nigerian government claimed that the Presidential Yacht included in the 2023 Supplementary budget is not for President Bola Tinubu’s personal use.

Bayo Onanuga, the Special Adviser to the President on information and strategy, in a statement stated that the Presidential Yacht is for the operations of the Nigerian Navy.

Onanuga, was reacting to public condemnation on why the president would spend such amount of money in purchasing Yacht while its citizens are suffering.

According to them, the naval boat bears such classification “because of the high-level security features.”

“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 statement titled, ‘The facts on the Naval boat in 2023 supplementary budget’ followed public outcry over the provision for an item termed presidential yacht and other line items in the budget presented to the National Assembly.’

“The Naval boat was ordered by the Navy under the previous administration.

“President Tinubu has consistently said that government is a continuum as he inherited both assets and liabilities of past administrations.

“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 Presidency noted, adding that “the total of the submitted requests was in excess of N200 billion out which N62 billion was approved by the President.”

The Presidency added that Tinubu is focused on securing the country and its territorial waters and is “investing more resources to enhance greater economic output from our oil and gas, marine and blue economy.”

He assured that Nigerians will soon “get the benefits of the ongoing reforms that will certainly lead to a buoyant and improved quality of life for all citizens.”

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Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

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