• Contact Us
  • About Us
Friday, September 12, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Budget for presidential aircraft for Buhari, Osinbajo nearly doubles to N7.3 billion

metro by metro
November 20, 2017
in Economy
0
0
SHARES
0
VIEWS

The Federal Government has proposed to spend N7.26 billion on the Presidential Air Fleet, PAF, in the 2018 budget proposal, details by the Budget Office of the Federation have shown.

Of the amount, about N4.3 billion was proposed for recurrent expenditure, while N2.8 billion would go for capital expenditure.

Read Also

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

N149.39tn Debt: Reps Speaker, Abbas, Recants, Says Tinunu Committed To Responsible Borrowing

Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold

The proposed expenditure is about 67 per cent higher than the N4.37 billion appropriation in the 2017 budget, which consisted of N3.97 billion for recurrent and N399.5 million for capital projects.

In the current proposal, which is subject to the approval by the National Assembly, at least N1.58 billion was set aside for the overhaul and maintenance of five aircraft on the fleet, from about N2.9 billion budgeted for capital expenditure.

Details showed that N200 million was proposed for the mandatory upgrade and installation of live TV and internet service on BBJ (5N-FGT), just as about N240 million was voted for a similar service on G550 (5N-FGW) during the year.

Equally, N375 million would be used for installation of new cabin management system on GV (5N-FGS); N196.5 million for overhaul of landing gear for BBJ aircraft and N222 million for overhaul of Falcon 7X (5N-FGV) aircraft engines.

About N3.89 billion was proposed for mandatory upgrades on fleet aircraft; general aircraft maintenance; aircraft fuel cost; purchase of air navigational equipment; rehabilitation/repairs of air navigational equipment and purchase of Towberless tow tractor for aircraft towing.

In the 2017 budget, about N2.03 billion was approved for the purchase of fire fighting vehicle and equipment and air navigational equipment; aircraft towing vehicle, aircraft maintenance tools and kitchen equipment; aircraft fuel cost and aircraft maintenance.

The PAF, considered the second largest airline in the country after Arik Air, has remained a controversial subject, following outcry among Nigerians that the cost of maintenance of more than 10 aircraft in the fleet was too high, particularly at times like the current lean economic resources.

On assumption of office, President Muhamadu Buhari assured his administration would cut down on the number of aircraft on the fleet inherited from former President Goodluck Jonathan in 2015.

In November 2015, presidential spokesperson, Garba Shehu, said 10 aircraft in the fleet included two each of Augusta 149, Augusta 101 and Falcon 7X as well as one each of HS 4000, G500, G550 and 737 BBJ series.

In October 2016, more than a year after taking office, apparently in an attempt to downsize the PAF, the Buhari administration advertised the sale of two of the aircraft – a Falcon 7X executive jet and Hawker 4000.

It is not clear if the two aircraft were eventually disposed of.

When contacted for clarification, Mr. Shehu promised to make contacts for the latest information on the issue before reverting later.

Source: premiumtimes

Tags: Budget
Previous Post

Buhari gives orders on unnecessary detention

Next Post

European markets power on after early German wobble

Related Posts

Report Alleges Shortcomings Of Proposed Tax Reform Bills
Economy

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

September 11, 2025
Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold
Economy

N149.39tn Debt: Reps Speaker, Abbas, Recants, Says Tinunu Committed To Responsible Borrowing

September 9, 2025
Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold
Economy

Reps Speaker Raises Concerns Over Rising Nigeria’s Debt Profile, Says Now Above Costitutiomal Threshold

September 8, 2025
Nigeria’s Banking Recapitalization: A ‘Too Big To Fail’ Scenario In The Making?”
Economy

Why Nigerians Are Not Feeling Impact Of FG, CBN Reform Policies — Analyst

September 4, 2025
Next Post

European markets power on after early German wobble

NUPENG Shuns FG Meeting Over Planned Strike

Unionisation Dispute: DSS summons Dangote Refinery, NUPENG

September 12, 2025
NARD Vows To Continue With Strike Action, Rejects 25% Increase In Salary

Nigerian Doctors Begin Strike, Shut Down Hospitals Nationwide

September 12, 2025
NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

NiMet Forecasts Thunderstorms, Heavy Rains Across Nigeria From Friday To Sunday

September 12, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version