Tinubu Allots N17.7bn To Yacht & Jets, N5.5bn To Student Loan For Nigerian Students – With Ojy Okpe

The Supplementary budget submitted by President Bola Ahmed Tinubu requesting the allocation of over 7.3billion Naira for the procurement of cars for the presidential villa as well as an additional 13.5billion Naira for renovations continues to generate reactions A further breakdown of the 2.17 trillion Naira supplementary budget submitted to the National Assembly on Monday, revealed that the federal government earmarked N12.7 billion Naira for the presidential air fleet and intends to spend N5 billion Naira for the purchase of a presidential yacht. ‘

The proposed sum is under the capital expenditure of the Nigerian Navy’s budget. Additionally, the navy will require N62.8 billion Naira for its operations.

The government however earmarked a total of N5.5 billion Naira for the Education Loan Fund under the Student Loan Act eliciting outrage among many Nigerians. In the midst of the Outrage over the supplementary budget proposal of 2.17 trillion Naira, Some aggrieved Nigerians marched through the streets of Ogun State on Wednesday to protest the soaring cost of living.

The protesters called on the federal government to improve on their current social welfare interventions saying that the incentives were not enough. The House of Representatives has summoned the minister of Humanitarian Affairs, Betta Edu, to provide details of the process and criteria used to select the 15 million households who will be beneficiaries of the N1.1 trillion Naira Conditional Cash Transfer Scheme. The summons followed the adoption of a motion by PDP lawmaker from Osun State, Moruf Adebayo on Tuesday.

The lawmaker called for transparency, stating that there have been concerns about corruption and fraud in previous conditional cash transfer programmes where funds intended for vulnerable people were misappropriated by individuals. In Kenya, Britain’s King Charles and Queen Camilla began their second day of a state visit to the country on Wednesday.

The Kings visit comes at a time when former colonies are demanding that Britain do more to recognise the abuses of its colonial past. Survivors of colonial era abuses in Kenya have criticised the monarch’s failure to issue a full apology or propose reparations. At a state dinner on Tuesday, Charles expressed his deepest regret for what he called abhorrent and unjustifiable acts of violence committed against Kenyans during the country’s independence struggle. Made Kuti, the grandson of late Afrobeat legend Fela Anikulapo-Kuti, tied the knot with his long-time partner, Inedoye Onyeso.

The couple exchanged vows in the presence of close friends and family, including Afrobeats star Femi Kuti, Made’s father on Wednesday, November 1st. The traditional wedding ceremony followed immediately and the couple shared their first dance. Made’s Mother Funke Kuti also took to the stage to dance to Sweet Mother with her son.

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