Nigerian Govt Spends Over N19 Billion on Presidential Air Fleet in 15 Months – REPORTS

N55bn Allocation Presidential Jet

The Presidential Air Fleet (PAF) incurred expenses totaling N19.43 billion from July 2023 to September 2024, with N13.55 billion spent in 2024, covering 66% of the year’s budget allocation. Most funds went towards “Forex Transit Funds” for foreign exchange needs during international engagements, including fuel, maintenance, and operational services abroad, officials said. EDITOR’S PICKS  Electricity … Read more

₦14.77 Billion Spent On Presidential Air Fleet Maintenance In 11 Months

Chinese Firm Auction Nigerian Assets eBay

The Nigerian government has allocated ₦14.77 billion for maintaining the presidential air fleet over the past 11 months and is considering purchasing two new aircraft due to the aging and dysfunctional current fleet. Eko Hot Blog reports that the Federal Government has allocated a substantial ₦14.77 billion for the repair and maintenance of the presidential … Read more

Presidential Fleet Reduction: FG Puts Three Jets Up For Sale

Jets Up For Sale

The Federal Government plans to sell three ageing jets from the presidential fleet to cut maintenance costs, contracting JetHQ to manage the sale. EKO HOT BLOG reports that the Federal Government has announced plans to sell three ageing jets from the presidential air fleet to reduce high maintenance costs. This decision follows recommendations from both the … Read more

Tinubu Administration Cost-saving Measures: Three Jets From Presidential Air Fleet Set To Be Sold

Presidential Air Fleet

Tinubu Administration Cost-saving Measures: Three Jets From Presidential Air Fleet Set To Be Sold. The fleet, consisting of 10 aircraft, will be reduced to seven if the plan is implemented. President Tinubu is concerned about the rising maintenance costs of the fleet, leading to the decision to dispose of three aircraft. EKO HOT BLOG reports that … Read more