https://adronhomesproperties.com/
https://adronhomesproperties.com/
https://adronhomesproperties.com/
https://adronhomesproperties.com/
https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • ABOUT US
  • CONTACT US
  • Latest Naija News Today
  • Privacy Policy
  • TheGeniusMedia – Latest News, Naija News, and World News
Saturday, May 23, 2026
The Genius Media NG
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media NG
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad
ADVERTISEMENT
ADVERTISEMENT

2018 BUDGET : FG budgets N7.3bn for Presidential Aircraft

Tgmedia by Tgmedia
November 21, 2017
in News
0
ADVERTISEMENT

RelatedPosts

As Expected Police Force Take Disciplinary Action Against Officer Who Threatened To Kill People Filming Him

Foreign Scholarship: NDDC Assures On Transparency And Fairness

BREAKING: Pandemonium As Bandit Scare Forces Students To Flee Schools In Ekiti [VIDEO]

Federal Government has proposed to spend N7.26 billion on the Presidential Air Fleet, PAF, in the 2018 budget proposal.

ADVERTISEMENT

According to details by the Budget Office, about N4.3 billion of the amount was proposed for recurrent expenditure, while N2.8 billion is for capital expenditure.

The details also showed that 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.
They also revealed 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 towing aircraft. 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 Presidential Air Fleet, PAF, 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 this time of tough economic challenges.
On assumption of office, President Muhammadu Buhari assured his administration would cut down on the number of aircraft on the fleet inherited from former President Goodluck Jonathan in 2015.

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 approval by National Assembly, at least N1.58 billion was set aside for the overhaul and maintenance of five aircraft in 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 television and Internet service on Boeing Business Jet, BBJ (5N-FGT). Similarly, about N240 million was voted for a similar service on Gulfstream, G550 (5N-FGW) during the year.

(VANGUARD)

 

ADVERTISEMENT

Share this:

  • Email a link to a friend (Opens in new window) Email
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Reddit (Opens in new window) Reddit
  • Share on Tumblr
  • More

Like this:

Like Loading…
" data-ad-slot="">
Previous Post

ATP Tour Finals: Dimitrov defeats David Goffin in Three Sets

Next Post

2018 FIFA WC: We Don’t Want Pay-Per-Minute bonus, Say Eagles

Related Posts

News

POULTRY FARMING: Step By Step Guide ON How To Start Poultry Farming in Nigeria

by Tgmedia
May 6, 2019
0

Do you know that Poultry framing is one of the most lucrative ventures that you can make thousands of Naira weekly especially when...

Read more
ISN Medical

ISN Medical Celebrates Yuletide Party At The Orphanage [PHOTOS]

January 4, 2023

BIGGIE SHOCKER: Brighto Evicted From #BBNaijialockdown2020 House

August 30, 2020
Next Post

2018 FIFA WC: We Don't Want Pay-Per-Minute bonus, Say Eagles

https://adronhomesproperties.com/
https://adronhomesproperties.com/
" data-ad-slot="">

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Copyright © 2024 TheGeniusMedia.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from The Genius Media NG

Subscribe now to keep reading and get access to the full archive.

Continue reading

%d