The Federal Government has earmarked a staggering N5.095 billion for the acquisition of a Presidential yacht, while allocating a comparatively meager N5.5 billion for an education loan fund in the 2023 supplementary budget.
Under the Access to Education Act, signed into law by Bola Tinubu, N5.5 billion has been set aside for interest-free student loans, aiming to address disruptions caused by recurrent strikes in higher institutions.
Amidst nationwide challenges, the allocation of N5 billion for a Presidential yacht raises critical questions about the over-bloated cost of governance.