The details of the expenditure specified in the 2023 supplementary budget totaling N2.176 trillion for various ministries, departments, and agencies (MDAs)…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
have revealed that the federal government has proposed an allocation of N5.095 billion for the acquisition of a presidential yacht and N28 billion for other requirements in the State House.
Within the proposed supplementary budget, an allocation of N28 billion has been set aside for the State House, encompassing various expenses and enhancements.
The allocation for the presidential yacht is included within the budget allocated to the Nigerian Navy.
The Nigerian Navy’s budget proposal comprises both recurring expenditure, totaling N20.42 billion, and capital expenditure, totaling N42.3 billion, resulting in an overall budget of approximately N62.8 billion, as indicated in the document.
Furthermore, the Nigerian Navy’s budget plan encompasses several significant components, including vehicle procurement, the construction of naval bases in Lekki and Epe, the acquisition of essential equipment, and the purchase of ammunition.
