Daily Post Nigeria N150bn presidential jet, N5bn yacht, other lavish spendings by Tinubu govt Home News Politics Metro Entertainment Sport News N150bn presidential jet, N5bn yacht, other lavish spendings by Tinubu govt Published on August 23, 2024 By Abdul Seye Public outrage continues to trail the purchase of a new presidential jet by the Bola Tinubu administration. The government’s decision to allocate over N150 billion for the purchase of the aircraft, at a time when Nigerians are grappling with a tough economic environment and a lingering cost of living crisis, has angered many. Mr Tinubu’s policies of subsidy removal and exchange rate unification have led to increases in the prices of commodities, which experts believe are driving the current inflation.
The president has, in the past one year, urged Nigerians to bear with the hardship occasioned by those policies. However, the government does not appear keen to follow its own counsel, as inflation currently stands at 33 per cent. In this report, DAILY POST reviews some of the most lavish purchases under the current administration.
Presidential Jet The Airbus A330, which replaced the 19-year-old Boeing B737-700(BBJ) bought under the presidency of Olusegun Obasanjo, reportedly cost the Nigerian government over $100 million. It should be recalled that the government secured the approval of the House Committee for the purchase of this luxurious jet, which drew the ire of many Nigerians who have described the government�.