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Tinubu’s Govt Spends N244million On Tyres In One Day Despite Economic Hardship

The Bola Tinubu-led administration through the State House in Abuja has made N244,654,350 for the supply of bulletproof tyres, according to data sourced from ‘govspend’, a portal that tracks government expenditure.

These payments, totalling up to the amount, were made in one day.

Documents sourced from the portal showed that the sums of N200,583,390, N38,070,000, and N6,000,960 were paid for these items on May 21, 2024, just a few days before the one-year anniversary of Tinubu.

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According to the report, the documents revealed that two separate payments were made for the purchase and supply of tyres (no specified quantity) for bulletproof vehicles and another five armoured bulletproof tyres to Obi-Wealth Enterprises Nigeria Limited (RC-640684) for the sums of N200,583,390 and N38,070,000. This company is said to be inactive on the CAC portal.

Meanwhile, attempts to get reactions from the presidency over the tyre expenditure did not yield results, as several calls made to the Special Adviser of Tinubu on Information and Strategy, Bayo Onanuga, did not go through.

Amid this development, Nigerians are battling severe economic hardship as prices of commodities continue to increase. Also, according to the National Bureau of Statistics, the country’s unemployment rate surged to 5.0 per cent in the third quarter of 2023 from 4.2 per cent in the previous quarter.

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