fbpx
Connect with us

News

Despite Hardship In Nigerian, Tinubu, Shettima Move To Spend N13.5bn On Office Renovation

Last month the National Assembly declared it would be spending an estimated N57.6 billion for…

Published

on

Tinubu Shettima
President Bola Ahmed Tinubu, VP Kashim Shettima

The Federal Government is planning to spend about N13.5 billion for the renovation of the official quarters of President Bola Tinubu and his deputy, Kashim Shettima in Abuja and Lagos.

VerseNews gathered that the amount is contained in the supplementary budget President Bola Tinubu sent to the National Assembly for approval on Tuesday.

On Monday, the Minister of Budget and National Planning, Atiku Bagudu, declared that the Federal Government would request permission to appropriate more than N2 trillion for the 2023 supplemental budget.

Advertisement

This is a 9.16 per cent increase from the N21.83 trillion 2023 Appropriations Bill signed into law on January 3, 2023, by former President Muhammadu Buhari, marking it Nigeria’s highest budget ever.

Details from the supplemental budget indicate that President Tinubu plans to spend over N4 billion on renovations of his official mansion in Abuja and about 2.5 billion on renovations for his vice president’s official residence.

In a similar vein, the president plans to renovate his official residence in Lagos, the Dodan Barracks, for approximately N4 billion. And the renovation for the official residence of the VP in Lagos is expected to gulp about N4 billion.

These figures have drawn wide reactions from different quarters as many Nigerians continue to suffer the impact of the removal of the petrol subsidy.

Advertisement

In his inaugural speech on May 29, Tinubu declared the removal of the petrol subsidy, which caused the price of petrol to rise by about 200 percent, from about N200 to over N500.

While many groups have applauded the President for acting quickly to remove the subsidies, which experts estimate have taken billions of dollars out of the nation’s economy, some have also criticised the administration for its propensity to engage in extravagant spending, urging them to make greater sacrifices to lower the cost of government.

Last month the National Assembly declared it would be spending an estimated N57.6 billion for the official vehicles of its 109 senators and 360 members at the House of Representatives.

Advertisement

The spokesperson for the House of Representatives, Akin Rotimi, told Sunday PUNCH correspondent that members of the House had started taking delivery of the vehicles.

Rotimi said, “Some members have started taking delivery of their vehicles. Priority was given to women in the parliament, people with any form of disability and the elderly. The management has also ensured that only members who have been fully disposed of their court cases will be given the vehicles to avoid problems.”

WhatsAppCOnnect

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

'My Wife's Ring Can Buy 2 Or 3 Rolls Royce' - Davido Brags As Chioma Flaunts $1 Million Diamond Ring (Video) 'My Wife's Ring Can Buy 2 Or 3 Rolls Royce' - Davido Brags As Chioma Flaunts $1 Million Diamond Ring (Video)
Entertainment6 months ago

‘My Wife’s Ring Can Buy 2 Or 3 Rolls Royce’ – Davido Brags As Chioma Flaunts $1 Million Diamond Ring (Video)

Nigerian Afrobeat star Davido and his fiancée Chioma Rowland, who are set to wed on June 25th, made headlines as...

Labour Party Leadership Crisis Resolved As Abure and Apapa Factions Unite Labour Party Leadership Crisis Resolved As Abure and Apapa Factions Unite
Politics6 months ago

BREAKING: Labour Party Leadership Crisis Resolved As Abure and Apapa Factions Unite

The Labour Party's leadership crisis has ended as factions led by Julius Abure and Lamidi Apapa reconciled to present a...

EXCLUSIVE: Nigerians To Start Using Three-In-One National Identity Card Soon EXCLUSIVE: Nigerians To Start Using Three-In-One National Identity Card Soon
News6 months ago

EXCLUSIVE: Nigerians To Start Using Three-In-One National Identity Card Soon

NIMC is set to launch a versatile three-in-one identity card for Nigerians, featuring payment capabilities and social service functionalities, following...

HND Holders From Polytechnics Must Undergo One-Year Mandatory Training - FG HND Holders From Polytechnics Must Undergo One-Year Mandatory Training - FG
Education6 months ago

HND Holders From Polytechnics Must Undergo One-Year Mandatory Training – FG

Dr. Folasade Yemi-Esan, Head of the Civil Service, has mandated HND holders to undergo a one-year training before promotion to...

EFCC Arrests Two Ex-Union Bank Employees For Stealing N4.2m From A Dead Customer's Account EFCC Arrests Two Ex-Union Bank Employees For Stealing N4.2m From A Dead Customer's Account
News6 months ago

EFCC Arrests Two Ex-Union Bank Employees For Stealing N4.2m From A Dead Customer’s Account

The EFCC arrested two former Union Bank employees in Makurdi for embezzling N4.2 million from a deceased customer's account.

Christ Embassy Church Headquarters in Lagos On Fire Christ Embassy Church Headquarters in Lagos On Fire
News6 months ago

BREAKING: Christ Embassy Church Headquarters in Lagos On Fire (Video)

The Christ Embassy Church headquarters in Ikeja, Lagos caught fire on Sunday morning.

BREAKING: Finidi George Resigns As Super Eagles Head Coach BREAKING: Finidi George Resigns As Super Eagles Head Coach
Sports6 months ago

BREAKING: Finidi George Resigns As Super Eagles Head Coach

Finidi George resigns as the head coach of the Super Eagles, following the NFF's plan to hire a foreign technical...

Tension As President Tinubu Falls, Hits Head On Parade Vehicle During Democracy Day Tension As President Tinubu Falls, Hits Head On Parade Vehicle During Democracy Day
News6 months ago

Tension As President Tinubu Falls, Hits Head On Parade Vehicle During Democracy Day (Video)

Nigerian President Bola Tinubu stumbled and fell during the June 12 Democracy Day parade, sparking renewed concerns about his health.

Democracy Day: FG Announces Date for Public Holiday Democracy Day: FG Announces Date for Public Holiday
News6 months ago

Democracy Day: FG Announces Date for Public Holiday

The Federal Government has announced June 12 as a public holiday to celebrate Democracy Day.

5 Best Video Interview Software You Should Be Using 5 Best Video Interview Software You Should Be Using
Career News7 months ago

5 Best Video Interview Software You Should Be Using

Zoom, HireVue, and Spark are some of the best video interview software. These tools enhance efficiency, improve candidate experience, and...

Advertisement