The House of Representatives has dropped the five billion naira presidential yacht from the 2023 supplementary budget.
The Chairperson of the House Committee on Appropriation, Abubakar Bichi (APC, Kano), announced this on Thursday after the passage of the two point one-seven trillion supplementary budget by the House.
Mr Bichi, while speaking to journalists, said the committee removed the item and moved the money to the student loan section to make it ten billion naira.
“As far as we are concerned we don’t have that 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,” he said.
Royal Times gathered that the five billion naira for the presidential yacht was listed under the budget of the Nigerian Navy but was moved to the student loan section by the House.