A senior lawmaker announced the decision after a public outcry over plans to spend $6m on the yacht.
President Tinubu was accused of wanting to waste money on a yacht amid a cost-of-living crisis for NigeriansNigeria's lower chamber of parliament has rejected the government's plan to buy a presidential yacht for $6m , a senior lawmaker has said.Lawmakers instead moved the $6m to the student loan budget, doubling its allocation, Abubakar Bichi said.
But he triggered an outcry after he tabled a supplementary budget in the National Assembly for approval, with the planned purchase of the yacht listed under the Nigerian Navy's proposed capital expenditure of $53m. The budget also earmarks $36m for State House expenditure, including the purchase of luxury vehicles and the construction of a presidential office complex.The controversy comes at a time when Mr Tinubu is under intense pressure over the cost-of-living crisis, and a massive fall in the value of Nigeria's currency, the naira, against the dollar.
Activist Omoyele Sowore accused the government of spending on luxuries while it "maintains the miseries of the Nigerian populace".
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