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

EFCC Arraigns Bauchi Finance Commissioner Over Alleged N5.7bn Money Laundering

By Francis WilfredThe Economic and Financial Crimes Commission (EFCC)...

New Onu-Egume Hails Governor Ododo Over Appointment, Calls for Peaceful Coexistence in Egume

By Noah Ocheni, LokojaThe newly appointed Onu-Egume and Okura...

2027: North Central APC Forum Urges Edward Pwajok to Join APC

By Israel Adamu, JosA political pressure group, the North...

EFCC Arraigns Malami, Wife, Son Over Alleged N8.7bn Money Laundering in Abuja

By Francis WilfredThe Economic and Financial Crimes Commission (EFCC)...

EFCC Calls for Greater Accountability in Fight Against Corruption, Links Graft to Insecurity

By Francis WilfredThe Executive Chairman of the Economic and...

New Year: Amagbein congratulates Tinubu, Nigerians; calls for more commitment to peace, security

By Our CorrespondentNiger Delta ex-agitator, the self-styled General...

Dogara Urges Nigerians to Embrace 2026 with Hope and Unity

Rt. Hon. Yakubu Dogara, former Speaker of the House...

Olukoyede Urges Nigerians to Embrace Zero Tolerance for Corruption in 2026

By Francis WilfredThe Executive Chairman of the Economic and...

Kogi State Assembly Passes 2026 Budget into Law

By Noah Ocheni, LokojaThe Kogi State House of Assembly...

Plateau Youth Activist Hoommen Sends New Year Message to Citizens

By Israel Adamu, JosA Plateau youth activist, Comrade Pius...

Related Articles

Popular Categories

spot_imgspot_img