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BREAKING: Reps scrap N5bn presidential yacht from budget, increase student’s loan to 10bn
The House of Representatives has removed the controversial N5 billion presidential yacht from the 2023 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.
The Committee of Supply considered the recommendations of the Appropriations Committee and passed the bill.
Bichi, after the passage of the budget, spoke with journalists and announced that the controversial presidential yacht was removed by the committee.
He stated that the N5 billion was moved to the Student Loans, increasing the allocation for student loans to 10bn as against 5. 5bn
The Committee also increased the budgetary allocation of the Ministry of Defence from 476bn to 546bn 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 100 percent implementation
The sum of 100bn was also retained for FCT as requested by the minister of the FCT, Nyesom Wike
The House, therefore, passed the sum of N2.177 trn as the supplementary budget.
Recall that the proposal by President Bola Tinubu had included spending N1.5 billion on vehicles for the office of the First Lady, N5 billion on a presidential yacht and another N12.5 billion on the presidential air fleet.
There are ongoing campaigns on social media to stop the National Assembly from approving the supplementary budget, however, the bill has been given speedy approval.
Following the passage of the bill, Speaker Tajudeen Abbas announced that the president would sign the bill on Friday.
News
Nigerian Law school student dies after falling from hostel rooftop
The deceased was a student of the Nigerian Law School, Enugu campus, who was undergoing externship programme at the Lagos campus.
•Faith Alayande
A Nigerian Law School student identified as Faith Alayande, is dead after she fell from the rooftop at Lagos campus.
In a statement on Monday, Aderonke Osho, secretary to the council and director of administration, said that the deceased was a student of the Nigerian Law School, Enugu campus, who was undergoing externship programme at the Lagos campus.
Osho said preliminary findings revealed that the student died from injuries sustained after falling from the rooftop of the campus hostel around 4am on Friday.
The Nigerian Law School is deeply saddened by this tragic development.
“Management is working closely with the appropriate authorities and the family to establish the circumstances surrounding the incident, ensure that all necessary procedures are duly followed, and provide further information as appropriate.”
News
Ekwulobia Suspends New Yam Festival for Kidnap Billionaire Son
A source from the community said the traditional ruler of Ekwulobia where Ezeokafor hails from, His Royal Majesty, Igwe (Engr) Emmanuel Chukwukadibia Onyeneke, officially suspended the Ekwulobia New Yam Festival, saying there was no need to celebrate while their son remained in captivity.
• Joseph Ezeokafor
Ekwulobia community in Aguata Local Government Area of Anambra State has cancelled its New Yam festival celebration billed for September 4, 2026.
Ohibaba.com learned that this is because of the kidnap of billionaire businessman and owner of Jezco Group of Companies, Chief Joseph Ezeokafor.
Ezeokafor was kidnapped in Awka on Tuesday last week when he stepped out of his house without his security details to attend to his spiritual need, where he goes to offer prays.
Public Relations Officer of Anambra State Police Command, SP Tochukwu Ikenga who confirmed the development said that serious operation is currently ongoing to save the elder statesman.
His kidnap has sent his community into mourning, causing the postponement of the new Yam festival, an annual festival which holds on a static date every year.
A source from the community said the traditional ruler of Ekwulobia where Ezeokafor hails from, His Royal Majesty, Igwe (Engr) Emmanuel Chukwukadibia Onyeneke, officially suspended the Ekwulobia New Yam Festival, saying there was no need to celebrate while their son remained in captivity.
“The Igwe said the community of Ekwulobia cannot celebrate while their son remains in the custody of the kidnappers,” the source said.
News
NLC disrupts Air Peace flight
The affected Air Peace flight, scheduled to depart Lagos at 6:30am, could not take off as passengers waited amid the disruption.
The Nigeria Labour Congress (NLC) on Tuesday disrupted flight operations in Lagos, leaving passengers scheduled to travel on an Air Peace flight stranded at the airport.
Our Reporter learned that the “protest was intended to enforce Air Peace employees right to join the union.”
Zulu terminal gate was under lock and key. The protest started at about 5am.
The affected Air Peace flight, scheduled to depart Lagos at 6:30am, could not take off as passengers waited amid the disruption.
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