The House of Representatives has rejected the N4.79bn budgetary allocation for a presidential yacht contained in the N2.176trn supplementary budget for the 2023 financial year transmitted to it on Tuesday by President Bola Tinubu.
In passing the supplementary budget on Thursday, the House moved the sum proposed for the yacht to student loan, bringing the total sum for the scheme to N10bn up from the initial N5.5bn.
Abubakar Bichi, who heads the House Appropriation Committee, stated this while addressing journalists after plenary on Thursday.
“As far as we are concerned, we don’t need the presidential yacht anymore.
