The Federal Authorities has allotted a complete of N6,364,181,224 billion for the renovation and rehabilitation of the residential quarters of President Bola Tinubu, Vice President Kashim Shettima, and a few of their aides within the 2025 price range proposal.
Sunday PUNCH’s evaluation of the proposed allocation, contained within the 2025 Appropriation Invoice introduced to the Nationwide Meeting, confirmed that the annual upkeep of the Presidential Villa would gulp N5.49bn.
In line with the proposed price range, N765m will probably be used for the renovation of the Vice President’s quarters and visitor home.
The renovation of the president’s quarters on the State Home will value N6.39m, whereas the renovation of safety quarters, auditorium, gymnasium and presidential aides’ quarters will value N49m.
As well as, the renovation of Prescott barracks at Maple State Home officers’ mess constructing and sign workplace in Asokoro, Abuja will value N51m.
Additional evaluation of the price range revealed that Tinubu and his vice are additionally anticipated to have N87m as honorarium and sitting allowances, whereas N127m was allotted for the procurement of SUVs.
Additionally, N3.66bn was budgeted for the acquisition of State Home operational autos and N1,09bn will probably be spent on substitute of SUV autos on the State Home.
Underneath the price range of the State Home Lagos Liaison Workplace, there’s an allocation of N14.72m for the routine upkeep of State Home Lagos amenities (Dodan Barracks, Vice President visitor homes at Ikoyi, amongst others).
One other N140.10m was allotted for the completion of renovation and furnishing of the State Home annex (Dodan Barracks), Lagos.
In the meantime, the Federal Authorities is planning to spend N1.83bn on changing forfeited properties from the Financial and Monetary Crimes Fee into State Home quarters.
The plan to transform forfeited homes from the EFCC is available in the identical month that the fee disclosed the restoration of an property within the Lokogoma District of Abuja, measuring 150,500 sq. metres and containing 753 models of duplexes and different residences.
The fee described this as its “single largest asset restoration” since its inception in 2003.
The property rests on Plot 109 Cadastral Zone C09 of the district, and was forfeited in a ruling on Monday, December 2, 2024, by Justice Jude Onwuegbuzie.