Breaking: Reps scrap budget for Presidential Yatch

The House of Representatives has scrapped the budgetary allocation of the presidential yacht moving the proposed sum to student loans thereby increasing allocation for student loans to N10bn as against N5bn.

The Chairman of the House Appropriations Committee, Abubakar Bichi Abubakar, made this known on Thursday while addressing newsmen. He said the need became necessary following low budgetary allocation for students.

The Committee also increased the budgetary allocation of the ministry of Defence from N476bn to N546bn following security concerns.

Bichi also disclosed that the minimum wage for workers was considered and approved for onward transmission to the executive while promising proper legislative oversight to ensure 100 per cent implementation.

The sum of 100bn was retained for FCT as requested by the minister, Nyesom Wike.

To this end, the House passed the sum of 2.177 trn.

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