TYRE-GATE: Tinubu’s Presidency Splurges N366 Million on Bulletproof Tyres in Just 3 Days
Tinubu Presidency Spends N366 Million on Bulletproof Tyres in Three Days.
A review of the Govspend public payments portal has uncovered substantial tyre-related expenditures by the Presidency under President Bola Tinubu.
The investigation revealed that a total of N366 million was spent on tyres over just three days, with payments made on May 21, 2024, June 22, 2023, and June 24, 2023.
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On June 22, 2023, a single-day expenditure of N42.8 million was recorded for tyres for the State House. Just two days later, an additional N86.2 million was spent on tyres, described as “Purchase of Tyres to State House.”
On May 21, 2024, two payments were recorded by the Presidency, totaling significant amounts for tyre purchases. The first payment was N38 million for the supply of five S600/222 armoured/bulletproof tyres (255-720-R490AC).
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Additionally, N200.5 million was spent on the supply of tyres for bulletproof vehicles to the State House in Abuja.
Overall, the Presidency spent a total of N366 million on tyres within three days, according to details found on the Govspend platform.
These transactions have sparked concerns about the transparency and efficiency of public spending under the current administration.
The tyre expenditure revelations further fuel worries over the Tinubu administration’s prioritization of spending, particularly at a time when Nigeria is grappling with revenue shortages, rising debt, and substantial debt servicing costs.
Despite assurances of fiscal prudence, experts argue that the government’s spending habits suggest that achieving true fiscal discipline remains a distant goal.
