Govspend, a public payments portal, has revealed significant tyre-related expenditures by the President Bola Tinubu-led Presidency. A review of the portal showed that the sum of N366 million was spent on tyres in three days and the payments were made on May 21, 2024, June 22, 2023, and June 24, 2023......READ THE FULL STORY>>.....READ THE FULL STORY>>
There was a single-day expenditure of N42.8 million on June 22, 2023, for State House tyres.
Another sum of N86.2 million was spent to purchase tyres on June 24. The description read ‘Purchase of Tyres to State House’.
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Two payments were registered on May 21, 2024. The Presidency spent N38 million on the supply of five (5) nos s600/222 armoured/bullet proof tyres (255-720-r490ac).
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Another sum of N200.5 million was paid for supply of tyres for bullet proof vehicles to State House, Abuja.
In total, the Presidency spent N366 million in three days on the purchase of tyres, according to details on the Govspend platform.
These transactions were made amidst excruciating hardship and acute hunger facing majority of the citizens under the current government.
The tyre expenditure revelations added to concerns over the President Tinubu administration’s priority spending as Nigeria faces revenue shortages, burgeoning debt and significant debt servicing costs.
