JUST IN: House of Reps Transfer N5bn Budget For Presidential Yacht To Student Loans

Hon. Abubakar Bichi, chairman of the house of representatives committee on appropriations, said the budget for the controversial presidential yacht has been transferred to student loan.

Bichi spoke on Thursday while briefing journalists after the passage of the supplementary budget.

“As far as we are concerned we don’t have that presidential yatch anymore. We have increased the student loan,” he said.

“If you recall, the student loan was N5 billion in the budget but we have increased it to N10 billion.

Details later