The yacht that is included in the 2023 supplemental budget is a naval vessel, according to the presidency, and is not intended for President Bola Tinubu’s use.
Nigerians expressed disapproval of the government’s decision to buy the president a yacht despite the dire economic conditions of their country upon learning that the yacht was included in the budget that was approved on Thursday.
However, the yacht is a naval vessel, despite rumor to the contrary, according to a statement from the Special Advisor to the President on Information and Strategy, Bayo Onanuga.
“What was named as Presidential Yacht in the budget is an Operational Naval boat with specialized security gadgets suitable for high profile operational inspection and not for the use of the President. It is called a presidential yacht by way of nomenclature because of the high-level security features,” he said in a Thursday statement titled “The Facts on the Naval Boat in 2023 Supplementary Budget”.
“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 total of the submitted requests was in excess of N200 billion out of which N62 billion was approved by the President.”
Onanuga also reiterated President Tinubu’s commitment to bettering the security of the nation’s waterways.
“President Tinubu is focused on securing our country and territorial waters. The Federal Government under his leadership is investing more resources to enhance greater economic output from our oil and gas, marine and blue economy.”