The Presidency spent ₦37.64 billion on presidential trips, logistics, foreign exchange, and travel-related expenses between June 2023 and April 2026, according to an analysis of GovSpend, a public expenditure monitoring platform developed by BudgIT.
The disclosures coincided with President Bola Tinubu’s departure from Abuja for Europe on a three-week annual vacation, with London as his initial stop.
Official travel records show that President Tinubu has spent approximately 261 days outside the country across 51 foreign trips, visiting at least 30 nations since assuming office on May 29, 2023.
A breakdown of the spending shows that the Presidency incurred ₦9.18 billion in the second half of 2023, ₦25.26 billion in 2024, ₦2.7 billion in 2025, and ₦477.4 million between January and April 2026.
Expenditures peaked in 2024, driven mainly by foreign exchange allocations and operational funding for the Presidential Air Fleet.
The records also show that $553,884 in foreign exchange, valued at ₦700.7 million at applicable rates, was released for overseas travels involving First Lady Oluremi Tinubu between 2023 and 2024.
Reacting to the findings, President of Transparency and Accountability Group, Ayo Ologun, questioned the legal justification for funding official foreign travels for the First Lady.
“Because her office is not recognised by the law, if it is established that public money was spent on supposed official travels, the question should be: what is the duty?” Ologun said.
“If it is spent on the wife of the President, that is abuse of power.”
