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Disquiet over presidential yacht as Reps transfer ₦5b fund to student loan, Presidency washes hands off yacht


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A seeming disquiet has been observed over the proposed presidential yacht as lawmakers of the House of Representatives have transferred the five billion Naira budgeted for the vessel to student loan fund.

The disclosure about the removal was made by the chairperson of the House Committee on Appropriation, Hon. Abubakar Bichi to newsmen on Thursday following the passage of the N2.17 trillion supplementary budget.

Speaking to journalists, Hon. Bichi said that the lawmakers eliminated the item and transferred the funds to the student loan bringing the total to N10 billion.

Meanwhile, the Presidency has washed its hands off the presidential yacht, saying it never wanted the vessel, rather that it was meant for the Nigerian Navy.

The Senior Special Assistant to the President on Media and Publicity, Mr. Temitope Ajayi, made the disclaimer in a statement issued on Thursday.

Responding to the backlash that attended the budget proposal, Mr. Ajayi said that the yacht was not meant for the president as he does not need it to discharge the duties relating to his office.

He stated: “It has become a pattern for some individuals, CSOs and a section of the media to pick one or two line items every budget cycle for sensational headlines, deliberately ignoring context in their reporting.

“The public that should benefit from good journalism, which should primarily educate and adequately inform, is left confused and miseducated due to the mischaracterisation of issues and misrepresentation of facts.

“The trending issues on social media since yesterday are two items in the 2023 supplementary budget. One is the provision for a presidential yacht in the supplementary budget by the Navy and the other is over N6 billion for vehicles to the State House.

“It is important to state clearly that President Bola Tinubu didn’t ask for a presidential yacht and I doubt he needs one to perform the functions of his office.

“From what I know, the request for a yacht, however named or couched in the budget is from the Navy and they must have operational reasons for why it is required.

“The budget office should be in a position to also explain to the public why such expenditure should be accommodated now, considering the country’s economic situation.

“I must readily admit that the one reason our budgeting system has been a subject of public attack is the very simplistic way some of the line items are described by civil servants, who prepare the budget. Examples abound.

“Sometimes in 2016, an Enterprise Resource Planning (ERP) project of the Ministry of Solid Minerals worth over N300m was captured in that year’s budget as a “website”.

“Naturally, it generated a massive controversy as people, rightly, asked to know the type of website that would be built with N300million.

“It is important to say that journalism should enrich public enlightenment and not create an atmosphere of siege. It is poor reporting to always reduce State House budgetary provisions to the President and Vice President.

“When the State House makes provision for vehicles, it is reported that the President will use all the vehicles or eat all the food when a provision is made for food and catering services. We have had such inaccurate reporting in the past.

“A President and Vice President cannot, for any reason, spend N20 million naira to eat in a year if it is about the food they will eat as first and second families. How much food can a person really eat?

“Yet, we will read headlines that Tinubu, Buhari, Jonathan or whoever the President is wants to spend N5 billion on food and catering in a year when in actual fact such budgetary provisions are made to accommodate many state events, meetings, hosting of VIPs, foreign dignitaries, and even visits by other Heads of State, and bilateral and multilateral meetings that the State House will deal with in a given year.”

He further stated: “It is worth stating that in August this year, President Tinubu as the Chairman of the Authority of Heads of State and Governments of ECOWAS hosted two extraordinary summits of the regional body over the political crisis in Niger Republic.

“The two summits required catering services for the ECOWAS leaders and their delegations. Just this past Sunday, German Chancellor Olaf Scholz was on a State Visit to Nigeria with a delegation of top businessmen and women from Germany.

“The President hosted the visiting Chancellor and his delegation to a state banquet. The State House budget for food and catering services is spent on such events. It is not spent essentially to feed the President and Vice President.

“On matters of vehicles, the N6 billion budget provision is not to buy vehicles for the President and Vice President alone. President Tinubu and Vice President Shettima are not using any new vehicles in their fleet. They are using inherited vehicles.

“There are hundreds of civil servants and political aides working at the State House who need operational vehicles. I am a senior aide of the President. I am using my personal car and at my own expense since I resumed work more than five months ago.

“Like me, virtually all the appointees of the President are using personal vehicles at their own expense for official duties. Most of the vehicles in the pool for various departments are run down.

“Even members of the State House Press Corps do not have functional buses to ease their movement. I know for a fact that a request for a new bus for the State House Press Corps is captured in the supplementary budget for vehicles.

“It is necessary to add that none of the political appointees has drawn any benefit and perks from the public treasury.

“I must add that in 5 months, we have not even received a kobo as salary because of procedural issues involved in capturing new appointees on the payroll via IPPIS.

“The presidency is a huge Bureaucracy with hundreds of staff. Any budget head for the State House is to run the system, not for the epicurean fantasy of a sitting President and Vice President. In this pageview-centric and social media age, it is easy to provoke public rage.

“It is also tempting for bloggers and quack journalists to take the easy road of sensationalism to attract traffic to their blogs and news websites. But good journalism, I believe, should be about substance and nuanced reporting.”

In the meantime, the N2.1 trillion supplementary budget submitted by Tinubu to the National Assembly have evoked criticism from Nigerians from various backgrounds.

According to the details of the budget, N5.09 billion was allocated for presidential yacht, N2.9 billion for sport utility vehicles for the Presidential Villa, another N2.9 billion for the replacement of operational vehicles for the presidency, while five billion Naira was budgeted for student loan.

With Nigerians calling into question the provisions for the yacht in the budget, it was little surprise that lawmakers yanked it off the supplementary budget.

See the list showing the presidential yacht listed under the Nigerian Navy’s proposed capital expenditure of N42.3 billion:

 Read more.


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