2022 Budget: Buhari To Spend N12.5bn On Presidential Air Fleet

President Buhari will spend a total of N12.5bn in terms of expenditure on the Presidential Air Fleet in 2022.

This is according to the breakdown of the 2022 Appropriation Bill currently before the National Assembly.

Buhari presented the fiscal document to a joint session of the National Assembly on Thursday.

The Minister of Finance, Budget and National Planning, Zaynab Ahmed, provided the details on Friday.

PAF’s budget is contained in the budget of the National Security Adviser.

A further scrutiny of the PAF’s budget showed that Buhari will spend N2.4bn on what the regime called “compliance with mandatory upgrades on PAF aircraft.”

The budget also revealed that the regime will spend N2bn on the overhaul of Gulf Stream G550, Falcon 7X and CL 605 engines.

The regime will also spend N2bn on the repair of air navigational equipment.

The budget of the PAF further revealed that purchase of aircraft calibration equipment will gulp N500m.

The regime also budgeted N210m for what it described as the “purchase of Phase 7 Avionics for AW 139 helicopters.”

Aviation fuel for PAF, according to the Appropriation Bill, will gulp N250m.

The sum of N1.6bn was allocated to general maintenance in the PAF budget while N1bn will be spent on the maintenance of aircraft.

The Presidency had said the PAF had 10 aircraft at the inception of the regime in 2015.

These are Boeing Business Jet (Boeing 737-800 or Airforce One), one Gulfstream 550, one Gulfstream V (Gulfstream 500), two Falcons 7X, one Hawker Sidley 4000, two Agustawestland AW 139 helicopters and two Agustawestland AW 101 helicopters.

Some of the jets in the fleet have since been handed over to the Nigerian Air Force to boost its operations.

Moves made by the government to sell two presidential aircraft, a Falcon 7X executive jet and Hawker 4000, that were advertised for sale in October 2016, failed at the time.

The decision of the preferred bidders for the two jets to renege on their bid prices was largely responsible for the delay in the sales of the aircraft.

-Punch

About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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