The national assembly has raised the student loan appropriation to ten billion naira after harmonizing the N2.17 trillion 2023 Supplementary Budget.

The Senate and the House of Representatives had dropped the controversial presidential yacht, for which N5 billion was budgeted.

The House had transferred the N5 billion-for-yacht to the student loan item before passage, while the Senate retained the items as presented.

The Deputy Chairman of the Senate Committee on Appropriation, Ali Ndume, said the Senate had decided to probe the circumstances surrounding the yacht acquisition, which he insisted was done before the President Bola Tinubu Administration.