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Presidential Yacht in 2023 Supplementary Budget Is An Operational Naval Boat-Onanuga

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Clarifications have been made over the provision for a presidential yacht and other line items in the 2023 Supplementary Appropriation presented to the National Assembly.

Bayo Onanuga, the Special Adviser to the President on Information & Strategy, who made the clarifications in a statement dated November 2, 2023, stated that 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.
Onanuga stressed that it is called presidential yacht by way of nomenclature because of the high level security features.
“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 which N62 billion was approved by the President,” he said.
The SA added that President Tinubu is focused on securing the country and territorial waters, adding that the Federal Government, under his leadership, “is investing more resources to enhance greater economic output from our oil and gas, marine and blue economy.”
“In President Tinubu, we have a leader who understands the economic challenges being faced by the masses. His administration is working very hard to confront and surmount those challenges.
“Nigerians will soon get the benefits of the ongoing reforms that will certainly lead to a buoyant and improved quality of life for all citizens,” he said.
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