Navy Confirms Delivery of Presidential Yacht, Payment Crisis With Opposition

Amid the raging debate on the N5bn presidential yacht to be procured by the Federal Government, as captured in the 2023 supplementary budget submitted to the National Assembly, the Nigerian Navy on Friday affirmed that it had taken delivery of the yacht.

The Director of Information, Nigerian Navy, Commodore Adedotun Ayo-Vaughan, in an interview on Friday that the yacht had been in the country since June 2023.

He also explained that the service made a “long overdue request” for the replacement of the defunct presidential yacht during the administration of former President Muhammadu Buhari. He also stressed that the yacht was for training.

Meanwhile, indications have emerged that the payment for the yacht may suffer delay, given the opposition by the two chambers of the National Assembly, in which case the federal lawmakers refused to approve the payment for the yacht.

Thus, while the yacht has been delivered to the country, how the government will raise money for it remains to be seen in the coming days and months.