Current:Home > MarketsNigeria’s president signs controversial bill for a presidential yacht and SUVs for lawmakers -Visionary Wealth Guides
Nigeria’s president signs controversial bill for a presidential yacht and SUVs for lawmakers
EchoSense Quantitative Think Tank Center View
Date:2025-04-11 02:30:30
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! (18722)
Related
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- As PGA Championship nears enthralling finish, low scores are running rampant at Valhalla
- Ship that caused deadly Baltimore bridge collapse to be refloated and moved
- Why US Catholics are planning pilgrimages in communities across the nation
- Bodycam footage shows high
- Disneyland's character performers vote to unionize
- Designer David Rockwell on celebrating a sense of ritual
- Suspect arrested in New York City attack on actor Steve Buscemi. Here's what we know.
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Oleksandr Usyk beats Tyson Fury by split decision: Round-by-round analysis, highlights
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Mega Millions winning numbers for May 17 drawing: Jackpot rises to $421 million
- NBA Game 7 schedule today: Everything to know about Sunday's elimination playoff games
- Psst! Target Just Dropped New Stanley Cup Summer Shades & You Need Them in Your Collection ASAP
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Carolina Hurricanes head coach Rod Brind'Amour agrees to contract extension
- Seeking the Northern Lights was a family affair for this AP photographer
- Tyson Fury says split decision in favor of Oleksandr Usyk motivated by sympathy for Ukraine
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
The Midwest Could Be in for Another Smoke-Filled Summer. Here’s How States Are Preparing
Designer David Rockwell on celebrating a sense of ritual
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
'Most Whopper
Taylor Swift performs 'Max Martin Medley' in Sweden on final night of Stockholm Eras Tour: Watch
Oleksandr Usyk beats Tyson Fury by split decision: Round-by-round analysis, highlights
Horoscopes Today, May 19, 2024