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

The chairperson of the House Committee on Appropriation, Abubakar Bichi (APC, Kano) announced this on Thursday, November 2, after the passage of the N2.17 trillion supplementary budget by the House.

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

It was   revealed by the president’s media aide that the President didn’t want the yacht and that it was for the Navy.

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Bichi said that the committee had eliminated the item and transferred the funds to the student loan division, totalling N10 billion.

He said, ‘’As far as we are concerned, we don’t have the presidential yacht anymore. We have increased the student loan. If you recall, the student loan was N5 billion in the budget. But we have increased it to N10 billion.’’