x

FG Plans to Sell Three Presidential Jets to Cut Costs

By Daniel Edu

As part of the administration’s efforts to save costs, the government of President Bola Tinubu is reportedly considering the sale of three presidential jets from the Presidential Air Fleet, which currently comprises ten aircraft, including six jets and four helicopters.

Concerns have been raised over the escalating maintenance costs associated with the fleet, prompting the decision to dispose of the three aircraft identified as the most burdensome in terms of maintenance expenses.

A source familiar with the matter stated that the President is uncomfortable with the rising costs of maintaining the planes and is keen on reducing the financial burden on the nation. The decision to sell the aircraft comes as a response to the frequency of maintenance and the substantial costs incurred.

Earlier reports indicated that in December 2023, the Federal Government approved the sale of the Falcon 900B aircraft from the Presidential fleet, in compliance with the provisions of the Public Procurement Act 2007. The Nigerian Air Force invited interested parties to submit bids for the purchase of the aircraft through email or physical submissions.

Hot this week

ADC Faction Request to Use Eagle Square is False- Wike says

By Joyce Remi- BabayejuThe Minister of the Federal Capital...

Osunmaibio FC Win Ekeremor Title After Penalty Shootout Victory

Osunmaibio FC have emerged champions of Ekeremor Local Government...

Oborevwori Backs Cubana Millennium City Project as Boost for Investment in Asaba

By Anne AzukaDelta State Governor, Sheriff Oborevwori, has described...

Former National Assembly member, Tom Zakari emerges Kogi Chairman of ADC 

From Noah Ocheni, Lokoja A former member of the Federal...

2027: Ex-Kaduna Speaker Endorses Tinubu, Gov Sani, Declares for Senate

…Says Tinubu funded Northern governors more than predecessorsBy Achadu...

Hajj 2026: CSO Seeks Committee to Oversee Hady for Nigerian Pilgrims

By Jabiru HassanA civil society organisation, , has called...

Philanthropist Timdi Nkat to Challenge Plateau Speaker’s Fourth-Term Bid

By Israel Adamu, JosA philanthropist and businessman, , has...

Bayelsa IPAC Elects, Inaugurates New Executive Committee

The Inter-Party Advisory Council (IPAC), the umbrella body of...

Related Articles

Popular Categories

spot_imgspot_img