N5B Spent on Shettima’s Lagos Residence Renovation Sparks Public Outcry

Date:

**Headline**: *N5 Billion Spent on Vice President’s Lagos Residence Renovation Sparks Public Outcry*

The Nigerian government, under President Bola Tinubu’s administration, has reportedly spent over N5 billion of public funds on renovating the official residence of Vice President Kashim Shettima in Lagos State.

Data from GovSpend, a civic tech platform that monitors Nigerian government expenditures, revealed that N5,034,077,063 was allocated in May and September 2024 for the renovations. Detailed records show that on May 31, 2024, N2.8 billion was paid to Denderi Investment Limited for refurbishment of the Vice President’s quarters. An additional N726.7 million and N1.48 billion were disbursed on September 5, 2024, to the same company for further phases of the renovation project.

Simultaneously, the Federal Capital Territory (FCT) administration in Abuja announced plans to spend N15 billion to construct a “befitting” official residence for the Vice President in the capital. This plan was disclosed by FCT Minister Nyesom Wike during a budget defense session before the House of Representatives committee.

These revelations have sparked backlash from Nigerian citizens and advocacy groups. The Socio-Economic Rights and Accountability Project (SERAP) condemned the spending, calling it a “breach of public trust” and a violation of Nigeria’s anti-corruption and human rights commitments. SERAP’s Deputy Director, Kolawole Oluwadare, noted that spending N15 billion on the new residence is excessive, especially as Nigeria plans to allocate over N8.25 trillion (30% of the 2024 budget) solely for debt servicing.

Auwal Rafsanjani, Executive Director of the Civil Society Legislative Advocacy Centre, criticized the administration for not honoring its pledge to reduce governance costs, while Debo Adeniran, Chair of the Centre for Anti-Corruption and Open Leadership, stressed the need for a new constitution to curb excessive government spending.

These expenditures have reignited debates on the prioritization of public funds amidst economic challenges in Nigeria.

RECOMMENDED

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Health Experts Warn Against Prolonged Toilet Time Due to Phone Distraction

  Extended Bathroom Sessions Linked to Hemorrhoids, Weak Pelvic...

Lukarawas: Defence Headquaters Confirms New Terrorist Group In Northwestern Nigeria

The Defence Headquarters has confirmed the emergence of a...

Minister Pledges to Secure Kano for APC in 2027, Supports Tinubu’s Renewed Hope Agenda

Alhaji Yusuf Abdullahi, the newly appointed Minister of State...

Hardships: Nigerians Query National Week of Prayer, Call for Action

  Last week, Nigeria’s First Lady, Oluremi Tinubu, and National...

Benue Govt Approves N30.2B for Rural Roads, Disability Act, and Other Key Projects

  The Benue State Executive Council (SEC) has approved N30.2...

Defence Minister, Service Chiefs Visit Family of Late Army Chief Lagbaja to Offer Condolences

On Thursday, the Minister of Defence, Muhammed Badaru, along...

Truck Accident Claims Life of Okada Rider in Ilorin

A yet-to-be-identified motorcyclist, known as Okada rider, was killed...

Trump Names Longtime Advisor Susie Wiles as First Female White House Chief of Staff

Donald Trump announced Thursday that his trusted campaign manager,...

Oil Marketers Challenge Dangote Refinery’s Bid to Restrict Petroleum Import Licenses, Warn of Economic Impact

Three major oil marketers—AYM Shafa Limited, A. A. Rano...