BREAKING NEWS

Metro

World

Spiritual

20 Nov 2017

Revealed: 2018 Budget for Presidential Aircraft for Buhari, Osinbajo Nearly Doubles in Billions (Full Breakdown)

In the current 2018 National Budget proposal which is subject to the approval by the National Assembly, billions of Naira have been seen set aside for the president and vice president's presidential aircrafts.
File photo
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.

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: Premium Times

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Loading...

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian