Nigerian Presidency Spends ₦34.39 Billion on Forex for International Travel Amid Criticism
The Nigerian Presidency reportedly spent ₦34.39 billion on foreign exchange for international travel obligations in 2024 and 2025, as revealed by data from BudgIT. The spending encompassed various entities, including the State House, Presidential Air Fleet, and offices of the Chief of Staff, Vice President, and First Lady.
The expenditures covered trips to countries like Ethiopia, Dubai, Switzerland, Côte d'Ivoire, France, Liberia, Mozambique, and the UK, among others. Notable expenses included multi-billion naira forex transactions by the Presidential Air Fleet, with scrutiny on expenses for maintenance, fuel, leases, and operations.
Criticism from figures like Peter Obi and concerns raised by Nigeria Odeh Fridai highlight the financial strain and the need for more prudent spending practices. The spending has also sparked debates on the necessity and value of such international trips.
Plus234Feed summary based on reporting from Naijanews. Read the original report below.
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