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Lawmakers remove N5 billion presidential yacht from supplementary budget

lawmakers-remove-n5-billion-presidential-yacht-from-supplementary-budget

The budget was passed on Tuesday by the House, after adopting the report submitted by the Chairman of the Appropriations Committee, Abubakar Bichi from Kano State.

Bichi, after the passage of the budget, told newsmen that the controversial presidential yacht was removed by the committee.

He stated that the five billion naira was moved to the Student Loans, increasing the allocation for student loans to ten billion naira as against five point five billion naira.

The Committee also increased the budgetary allocation of the Ministry of Defence from four hundred and seventy seven billion naira to five hundred and forty six billion naira,  following security concerns.

Bichi also disclosed that the minimum wage for workers was considered and approved for onward transmission to the executive, while promising proper legislative oversight to ensure one hundred percent implementation.

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