2022 Budget: Nigeria Govt To Spend N12.5billion On Presidential Air Fleet

2022 Budget: Nigeria Govt To Spend N12.5bn On Presidential Air Fleet
President Muhammadu Buhari

Nigerian President Muhammadu Buhari, has budgeted a total sum of N12.5billion naira in expenditure on the Presidential Air Fleet in 2022. ayokinews.com reports

This was revealed in the breakdown of the 2022 Appropriation Bill which is currently under debate at the National Assembly.

The fiscal framework was presented by President Muhammadu Buhari, to House during a joint plenary session of both the upper and lower chamber of the National Assembly on Thursday.

The details of the 2022 fiscal framework was later presented before the house by the Minister of Finance, Budget and National Planning, Zaynab Ahmed, on Friday.

The Presidential Air Fleet (PAF) was included in the budget of the country’s National Security Adviser (NSA).

The further breakdown of the PAF’s budget revealed that President Buhari will spend a total sum of N2.4billion naira on what is termed as “compliance with mandatory upgrades on PAF aircraft.”

According to the PAF’s budget, the president is expected to spend N2bn in overhauling the engines of Gulf Stream G550, Falcon 7X, and CL 605.

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The 2022 Appropriation Bill also revealed that a sum of N2bn will be spent on the repair of air navigational equipment.

The President Buhari led administration estimated the purchase of aircraft calibration equipment to cost N500million naira.

The budget also estimated the administration to spend N210million naira on the “purchase of Phase 7 Avionics for AW 139 helicopters.”

A total sum of N250million naira was earmarked in the budget for ‘Aviation fuel’ to power the Presidential Air Fleet (PAF).

In spite of the already huge estimated amount for the PAFs, the budget further revealed that a sum of N1.6bn was allocated for ‘General Maintenance’ while N1bn will be spent on aircraft maintenance.

https://edition.cnn.com/videos/media/2021/10/10/kardashian-west-monologue-oj-kanye-snl-orig.cnn

About Amadu Victor Oluwadamilare 422 Articles
Amadu Victor Oluwadamilare is the CEO/Founder of Ayoki News Media, an international informative media platform, aimed at dispensing good and reliable source of information.

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