{"id":12169,"date":"2023-11-03T09:01:34","date_gmt":"2023-11-03T09:01:34","guid":{"rendered":"https:\/\/www.getufm.co.ke\/?p=12169"},"modified":"2023-11-03T09:01:36","modified_gmt":"2023-11-03T09:01:36","slug":"nigeria-parliament-rejects-plan-to-buy-ksh-907m-yacht-for-president-bola-tinubu","status":"publish","type":"post","link":"https:\/\/www.getufm.co.ke\/?p=12169","title":{"rendered":"Nigeria Parliament Rejects Plan To Buy Ksh.907M Yacht For President Bola Tinubu"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The lower house of Nigeria&#8217;s Parliament has turned down a government proposal to acquire a Ksh.906.9 million (USD 6 million) presidential yacht for head of state Bola Tinubu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal which was captured in a supplementary budget tabled before the House on Thursday&nbsp;under the Nigerian Navy&#8217;s planned capital expenditure of Ksh.8 billion (approx. USD53M), was criticised by many Nigerians who labeled the expenditure as extravagant for a nation in the middle of an economic crisis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Nigeria&#8217;s National Bureau of Statistics (NBS), the West African nation&#8217;s annual inflation rate surged by 26.72 percent in September, spurred largely by food inflation which jumped by 30.64% in September from 29.34% in August.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ironically, upon assuming office in May, Tinubu made a commitment to reduce extravagant government spending and alleviate the financial burdens of Nigerians.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1013\" height=\"630\" src=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2023\/11\/nigerian-president-og_image-1.webp\" alt=\"\" class=\"wp-image-12171\" srcset=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2023\/11\/nigerian-president-og_image-1.webp 1013w, https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2023\/11\/nigerian-president-og_image-1-980x609.webp 980w, https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2023\/11\/nigerian-president-og_image-1-480x299.webp 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1013px, 100vw\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The lower house of Nigeria&#8217;s Parliament has turned down a government proposal to acquire a Ksh.906.9 million (USD 6 million) presidential yacht for head of state Bola Tinubu. The proposal which was captured in a supplementary budget tabled before the House on Thursday&nbsp;under the Nigerian Navy&#8217;s planned capital expenditure of Ksh.8 billion (approx. USD53M), was [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3,14],"tags":[],"class_list":["post-12169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-political-news"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2023\/11\/nigerian-president-og_image.webp","_links":{"self":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts\/12169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12169"}],"version-history":[{"count":1,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts\/12169\/revisions"}],"predecessor-version":[{"id":12172,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts\/12169\/revisions\/12172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/media\/12170"}],"wp:attachment":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}