By Damilare Adeleye
Emerging reports has shown that the House of Representatives have rejected the N4.79bn budgetary allocation for a presidential yacht.
Recall that the allocation was contained in the N2.176trn supplementary budget for the 2023 financial year transmitted to the House on Tuesday by President Bola Tinubu.
Meanwhile, the green chamber in passing the supplementary budget on Thursday, moved the sum proposed for the yacht to student loan, bringing the total sum for the scheme to N10bn up from the initial N5.5bn.
Rep Abubakar Bichi, Chairman House Committee on Appropriation Committee, stated this while addressing journalists on Thursday.
Bichi further stated that the Committee increased the budgetary allocation of the Ministry of Defence from the initial allocation of N476bn to N546bn.
He added that the four months wage award of N210bn for workers was considered and approved for onward transmission to the President for implementation,
The lawmaker vowed that adequate legislative oversight would be put in place to ensure 100 percent implementation.