Current:Home > MarketsNigeria’s president signs controversial bill for a presidential yacht and SUVs for lawmakers -Stellar Financial Insights
Nigeria’s president signs controversial bill for a presidential yacht and SUVs for lawmakers
View
Date:2025-04-15 15:04:53
ABUJA, Nigeria (AP) — Nigerian President Bola Tinubu’s approval of a supplementary budget earmarking millions of dollars for a presidential yacht and sport utility vehicles for his wife and top government officials has again stoked anger among ordinary Nigerians over what they see as a growing economic disparity.
Tinubu on Wednesday signed into law the budget that allocates $38 million for the presidential air fleet and other renovations. Some $6.1 million budgeted earlier for the the yacht was assigned by lawmakers to “student loans” - with the senate’s approval.
The country’s navy said it had taken delivery of the yacht, but “it has not been paid for.”
Presidential spokesperson Anjuri Ngelale defended the supplemental budget as serving to “strengthen Nigeria’s security architecture and address Nigeria’s critical infrastructure deficit, amongst other considerations.”
The spokesperson said about 30% of the money would be spent on security, and another 35% on “provision of critical infrastructure.”
Recently, the country’s 460-member national assembly confirmed that all lawmakers will get each a new SUV reportedly at a cost of more than $150,000 each. The lawmakers said the vehicles would help them do their work better.
Nigeria, one of the world’s poorest countries, is currently seeing food prices continue to soar to record highs. Also soaring is the frustration of ordinary Nigerians who see politicians earn huge salaries while others like medical professionals often have to go on strike to protest meager wages.
“It is by the grace of God that I can eat. It is hard,” said Nduka Omeje, a trader in Apo resettlement in Nigeria’s capital city, Abuja.
Labor unions struggled to get the government to raise the minimum wage for civil servants from a monthly $67 a month. The 2019 came after workers staged protests.
veryGood! (96)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Orson Merrick: The most perfect 2560 strategy in history, stable and safe!
- College World Series field preview: First-time winner seems likely in ACC-SEC invitational
- Bebe Rexha Calls Out G-Eazy for Being Ungrateful Loser After She's Asked to Work With Him
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Decorated veteran comes out in his own heartbreaking obituary: 'I was gay all my life'
- Top 12 Waist Chains for Summer 2024: Embrace the Hot Jewelry Trend Heating Up Cool-Girl Wardrobes
- Patrick Mahomes and Brittany Mahomes Reveal Whether Their Kids Are Taylor Swift Fans
- This was the average Social Security benefit in 2004, and here's what it is now
- After massive barn fire kills at least 44 horses in Ohio, donors raise $350,000 for victims
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Houston city leaders approve $1 billion bond deal to cover back pay for firefighters
- Executives of telehealth company accused of fraud that gave easy access to addictive Adderall drug
- Tesla shareholders approve $46 billion pay package for CEO Elon Musk
- 'Most Whopper
- Aspects of US restrictions on asylum-seekers may violate international protections, UNHCR chief says
- Jan. 6 offenders have paid only a fraction of restitution owed for damage to U.S. Capitol during riot
- DeSantis calls for state of emergency amid flooding in South Florida: See photos
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Rafael Nadal to skip Wimbledon to prepare for Paris Olympics
Gamestop’s annual shareholder meeting disrupted after ‘unprecedented demand’ causes tech issue
Mama June admits she took daughter Alana's money from Honey Boo Boo fame
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Sam Taylor-Johnson Shares Rare Glimpse at Relationship With Aaron Taylor-Johnson
Russia says U.S. journalist Evan Gershkovich to stand trial on espionage charges
California Senate approves ban on schools notifying parents of their child’s pronoun change