How State House splashed N244million on vehicle tyres in one day amidst economic hardship in Nigeria

According to data obtained from govspend, a portal that monitors government expenditure, the State House in Abuja, which is under the leadership of President Bola Tinubu, has allocated N244,654,350 for the procurement of reinforced tyres.

In a single day, the payments, which amounted to the specified sum, were executed.

Documents sourced from the portal showed that the sums of N200,583,390, N38,070,000, and N6,000,960, were respectively paid for these items, on May 21, 2024, just few days before the one year anniversary of the President.

Bola Tinubu was sworn in as the President on May 29, 2023.

These developments on expenditures come amid economic hardship and funds paucity in the country.

According to Daily Trust, the documents revealed that two separate payments were made for the purchase and supply of tyres (no specified quantity) for bulletproof vehicles and another five armoured bulletproof tyres to Obi-Wealth Enterprises Nigeria Limited (RC-640684) for the sums of N200,583,390 and N38,070,000. This company is said to be inactive on the CAC portal.

Hommy & Fay Investments Limited, which is active on the CAC portal, handled the other part of the supply of an unspecified number of Westlake tyres (315/80R22) for N6,000,960.

It was also noted that attempts to get reactions from the presidency over the tyre expenditure did not yield result as several calls made to the Special Adviser to the President on Information and Strategy, Bayo Onanuga, did not go through.