“Tinubu’s Lavish Spending Under Fire: N150bn Jet, N5bn Yacht, N21bn Residence, Others Spark Public Outrage

The Bola Tinubu administration faces mounting public criticism following revelations of extravagant expenditures amid Nigeria’s economic struggles. Reports indicate that over N150 billion has been allocated for the acquisition of a new presidential jet, an expenditure drawing significant backlash from Nigerians grappling with rising inflation and a cost-of-living crisis.

The newly acquired Airbus A330, which replaces the 19-year-old Boeing B737-700 purchased during Olusegun Obasanjo’s presidency, reportedly cost the Nigerian government over $100 million. Despite the House Committee’s approval, there was public outrage over what many view as an insensitive expenditure given the country’s economic difficulties. Although the National Assembly has not yet allocated funds for the jet, President Tinubu has already used it for a trip to France. Senate President Godswill Akpabio has expressed willingness to approve any necessary funds to finalize the purchase.

In addition, the administration’s proposed N5 billion budget for a presidential yacht sparked controversy last year. The National Assembly rejected the proposal, redirecting the funds to other expenses. However, reports suggest that the yacht may have already arrived in Nigeria, with the House of Representatives now pressuring the Navy to return it.

Another contentious issue is the reported N21 billion spent on completing the Vice President’s official residence. Despite competing infrastructure needs, the project was prioritized and completed under the direction of Minister of the FCT, Nyesom Wike, despite public disapproval.

National Assembly members also received a share of luxury with the purchase of Sport Utility Vehicles reportedly costing N160 million each. While the vehicles are supposed to be returned after the administration, some lawmakers opted for cash instead.

The government also allocated N90 billion for Hajj subsidies in 2024 amid soaring costs due to naira devaluation. This expenditure is currently under investigation by anti-graft agencies, with NAHCON Chairman Jalal Arabi and other officials facing scrutiny over alleged mismanagement.

Additionally, the Office of the First Lady has drawn criticism for proposing N1.5 billion in the 2023 supplementary budget for new vehicles, reflecting ongoing concerns about the cost and role of this largely ceremonial office.

These spending decisions have ignited widespread debate about the government’s priorities and its response to Nigeria’s economic challenges.