Showing posts with label N5.8B On Presidential Air Fleet. Show all posts
Showing posts with label N5.8B On Presidential Air Fleet. Show all posts

Wednesday, November 18, 2015

#BBB NEWS| Presidency Denies Spending N5.8B On Presidential Air Fleet, Discloses Massive Debt Left By Jonathan

President Muhammadu Buhari’s senior aide on media and publicity, Garba Shehu, has denied media reports that the present administration had spent close to N6 billion on the presidential air fleet (PAF) since its inauguration in May 2015.

In a statement issued earlier today, Mr. Shehu stated that the Buhari administration had so far spent only N2.127 billion on the PAF.

Last Saturday, the Saturday Punch reported that there were 10 aircraft in the fleet. There had been speculations that the fleet boasted as many as 14 planes. The Punch also reported that the Buhari administration had inherited all the planes, worth an estimated N77.319 billion, from President Goodluck Jonathan’s government.

Citing aviation experts, the report had reported that the total cost of maintaining the fleet was about 15-20% of the price of the fleet. Utilizing the more conservative 15% rate, the Punch concluded that the Buhari government must have spent N5.8 billion to run the fleet since last May.