Supplementary Budget: Tinubu Govt Allocates N17 Billion For Presidential Air Fleet, Yacht

The Bola Tinubu-led Federal Government has allocated N12.7 billion for the maintenance of the presidential air fleet in the 2023 supplementary budget.

Naija News understands that the proposed amount is in the recurrent expenditure of the Office of the National Security Adviser (ONSA) with a total budget of N29.7 billion.

Other items in the budget proposed for the ONSA are the settlement of outstanding annual service legal agreement and bandwidth subscription for ONSA intelligence platforms (N4.7 billion); and operation MAD Thunder-NSA (N10 billion).

The ONSA said it would spend N2.2 billion as “part settlement of outstanding liabilities for procurement of treated/operational vehicles for State House and ONSA”.

The federal government also intends to spend N5 billion for the purchase of a presidential yacht.

It was learned that the proposed sum is under the capital expenditure of the Nigerian Navy’s budget.

According to the document, the navy will require N62.8 billion for its operations — with recurrent expenditure and capital expenditure gulping N20.4 billion and N42.3 billion, respectively.

Recall that on Monday, the Federal Executive Council (FEC) approved the submission of N2.17 trillion as a supplementary budget to the National Assembly.

However, the President requested a “speedy” consideration and approval of the appropriation bill, and the House of Representatives and the Senate speedily passed the bill for a second reading.

The passage of the supplementary budget by the legislature will raise Nigeria’s total 2024 budget to N28.17 trillion.