Reps throw out N5bn Presidential Yacht after outrage, increase students' loan to N10bn

 

The House of Representatives has yanked off the budgetary allocation of N5.09 billion for purchase of a presidential yacht in the N2.176trn supplementary budget submitted to the lawmakers.

The House, instead, moved the proposed sum to students’ loan thereby increasing allocation for students’ loan to 10bn as against 5. 5bn earlier provided in the supplementary budget.