Reject minister’s N15b residence proposal for Vice President, SERAP urges Akpabio

SERAP’s recent letter to the Senate President highlighted the Senate’s crucial role in managing the country’s mounting debt crisis. The organization urged the Senate to refrain from approving any wasteful or unnecessary expenses aimed at indulging public officials’ personal comforts or lifestyles.

The group underscored the Senate’s vital oversight responsibility to address Nigeria’s debt situation, especially when the 2024 budget designates 30% (N8.25 trillion) for debt service costs, with a planned borrowing of N7.8 trillion. The country’s public debt had reached 87.4 trillion naira by June, with 38% owed to external lenders, including multilateral and commercial creditors.

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Should the Senate fail to curb unjustified expenditures and oversee government borrowing, SERAP expressed its readiness to pursue legal actions to ensure the National Assembly, including the Senate, fulfils its constitutional obligations for public interest.

The organisation further urged the Senate President to refer the alleged corruption in the previously approved N7 billion for a vice president’s residence construction to the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC). The construction was reportedly abandoned, while the whereabouts of the N7 billion remain undisclosed.

According to SERAP, the proposed N15 billion spending on a new residence for the vice president, apart from the N2.5 billion allocated for the residence renovation in the federal government’s supplementary budget, is unreasonable. The House of Representatives has reportedly approved the N15 billion plan, along with another N3 billion for the vice president’s residence in Lagos State. Additionally, Nysom Wike, the Minister of FCT, aims to spend N2.8 billion on FCTA publicity.

The organisation is vigilant about the Senate’s actions regarding the supplementary budget and intends to ensure compliance with constitutional obligations and prudent public spending.

Reject minister’s N15b residence proposal for Vice President, SERAP urges Akpabio