BREAKING: Yacht in Supplementary Budget is Not for President Tinubu - Presidency Clarifies

In a statement issued on Thursday, Bayo Onanuga, special adviser to the president on information and strategy, said that the yacht is an "Operational Naval boat with specialized security gadgets suitable for high profile operational inspection and not for the use of the President.ÔÇØ

Onanuga explained that the yacht was ordered by the navy under the previous administration and that President Tinubu inherited the obligation to pay for it. He also said that the yacht is part of the government's investment in securing the country's territorial waters and enhancing economic output from the oil and gas, marine, and blue economy sectors.

"President Tinubu is focused on securing our country and territorial waters,ÔÇØ Onanuga said. "The Federal Government under his leadership is investing more resources to enhance greater economic output from our oil and gas, marine and blue economy.ÔÇØ

Onanuga also said that President Tinubu understands the economic challenges being faced by the masses and that his administration is working hard to confront and surmount those challenges.

"Nigerians will soon get the benefits of the ongoing reforms that will certainly lead to a buoyant and improved quality of life for all citizens,ÔÇØ he said.