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Tinubu’s Spending Spree: Why Nigerians Are Paying the Price for Extravagance

President Bola Ahmad Tinubu, I Totally Disagree with Your Claim of Inheriting a Dilapidated Nigeria from Former President Muhammadu Buhari: Here's Why



President Bola Ahmad Tinubu has publicly stated that he inherited a "dilapidated" Nigeria from the previous administration led by President Muhammadu Buhari. However, the actions and spending patterns of the current government contradict this narrative. Here are the reasons why I strongly disagree with President Tinubu's claim:


 EXTRAVAGANT PUBLIC SPENDING UNDER YOUR ADMINISTRATION



1. Vice President's Residence Renovation - ₦21 Billion
   How does one justify spending ₦21 billion on renovating the Vice President's residence if the country is indeed in a dire economic state?

2. National Assembly SUVs - ₦70 Billion 
   The government allocated ₦70 billion for National Assembly members to purchase SUVs, each costing ₦160 million. This raises the question: is this the best use of public funds?



3. Renovation of Dodan Barracks and Aguda House - ₦7 Billion
   ₦4 billion has been allocated for renovating Dodan Barracks in Lagos and another ₦3 billion for Aguda House. How does this spending align with the narrative of a struggling economy?


4. Presidential Tax Reforms Committee - ₦5 Billion
   The Presidential Tax Reforms Committee, headed by Taiwo Oyedele, received ₦5 billion, yet there is little to show for this expenditure.


5. First Lady’s Cars - ₦1.5 Billion 
   ₦1.5 billion was spent on cars for the First Lady, Senator Oluremi Tinubu, despite the fact that the office of the First Lady is not constitutionally recognized.

6. Judges’ Salary Increase - 300%
   A 300% salary increase for judges was swiftly passed by the Senate, despite the financial strain on the country.

7. Presidential Fleet - ₦5 Billion
   Another ₦5 billion has been budgeted for the presidential fleet, while billions more are allocated for the purchase of a presidential yacht.

8. Luxury Travel Expenses
   Billions of naira have been budgeted for the travels of both the President and Vice President, further straining public funds.

9. National Assembly Salaries  
   Senators are paid ₦21 million monthly, while House of Representatives members earn ₦13.5 million monthly. These increases have occurred under your government.


QUESTIONABLE CONTRACTS AND APPOINTMENTS

1. Illegal Road Contract - ₦15 Trillion  
   The Lagos-Calabar coastal road contract, worth ₦15 trillion, was allegedly awarded to your friend, Lebanese national Gilbert Chagoury, under questionable circumstances.


2. Bloated Cabinet  
   Your administration has the largest number of ministers in Nigeria's history, which raises concerns about the source of funds to sustain such a large cabinet.


3. Creation of the Ministry of Livestock Development 
   You created a new Ministry of Livestock Development, despite the existence of recommendations from the Oronsaye Report, which advised downsizing and merging government agencies.


WHERE ARE THE SUBSIDY SAVINGS?

The government removed subsidies on petroleum products and electricity, yet Nigerians have seen no tangible benefits from these savings. Citizens are demanding transparency: how much has been saved, and where is this money being spent?



 THE BURDEN ON ORDINARY NIGERIANS

  • Fuel Subsidy Removal
  • Electricity Tariff Hike
  • Unaffordable Education
  • Unaffordable Health Services
  • Soaring Food Prices
  • Increased Insecurity and Unemployment
  • Legalized Corruption and Nepotism
While the cost of governance has increased significantly under your administration, the Nigerian people have been left to bear the brunt of these economic challenges. The promises of "Renewed Hope" seem far from being realized, replaced instead with hopelessness, destitution, and deception.



 The Widening Gap Between Leaders and Citizens

As the leaders continue to enrich themselves, the average Nigerian becomes poorer. The transformation of President Tinubu, both physically and financially, stands in stark contrast to the deteriorating conditions of the citizens. This trend of insensitive leadership and reckless spending must be arrested.
TRENDING GIST:

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