Over the weekend, it was discovered that three of the Presidential Air Fleet's (PAF) aircraft are going to be auctioned.DISCLOSED: Tinubu Sold Three Presidential Jets
The fleet now consists of 10 aircraft (6 jets and 4 helicopters), however that number will drop to 7 if the intended action proceeds as plan This is one of the ways the Tinubu Administration is cutting costs, an official told our correspondent.
The intention to sell two aircraft from the fleet was shelved during President Muhammadu Buhari's presidency.
A Beechcraft Hawker 4000 business jet and a Dassault Falcon 7x executive jet were listed for sale in October 2016.
After first agreeing to pay $24 million for the two planes, the favored bidders subsequently lowered their offer to $11 million. The government in place at the time rejected this.
After that, a proposal was started to put some of the aircraft up for bidding for governors who would be prepared to use them as revenue generators, which would lower the government's maintenance costs.
After first agreeing to pay $24 million for the two planes, the favored bidders subsequently lowered their offer to $11 million. The government in place at the time rejected this.
After that, a proposal was started to put some of the aircraft up for bidding for governors who would be prepared to use them as revenue generators, which would lower the government's maintenance costs.
The Presidential Fleet consists of the following aircraft: two Falcon 7X, HS 4000, two Agusta 139, two Agusta 101, two Gulfstream G550, two Gulfstream G500, and two Boeing Business Jets (BBJ) 737.
The President's only aircraft is the Nigerian Air Force One, a BBJ 737.
It is intended to allow the president to work efficiently while traveling by functioning as both an office and a living space while in the air.
The President's only aircraft is the Nigerian Air Force One, a BBJ 737.
It is intended to allow the president to work efficiently while traveling by functioning as both an office and a living space while in the air.
During his travels across the nation, the President also takes advantage of one of the helicopters for shuttles.
Top government officials use other of the fleet's jets, including the Vice President, governors, the Speaker of the House of Representatives, the President of the Senate, members of the National Assembly on special shuttles, the Secretary to the Government of the Chief of Staff, ambassadors with plenipotentiary rank, the Federation, ministers on special missions, and advisors.
Top government officials use other of the fleet's jets, including the Vice President, governors, the Speaker of the House of Representatives, the President of the Senate, members of the National Assembly on special shuttles, the Secretary to the Government of the Chief of Staff, ambassadors with plenipotentiary rank, the Federation, ministers on special missions, and advisors.
Over the weekend, it was not possible to determine whether the President BBJ 737 will be sold or replaced.
The BBJ was purchased for approximately $43 million during President Olusegun Obasanjo's presidency.
The sale of Falcon and Embraer aircraft is planned.
The PAF has set aside a minimum of N80 billion for maintenance costs, which are as follows: The following amounts were reported: N3.65 billion in 2016, N4.37 billion in 2017, N7.26 billion in 2018, N7.30 billion in 2019, N6.79 billion in 2020, N12.55 billion in 2021, N12.48 billion in 2022, and about N25.7 billion in 2023, consisting of N13 billion in the budget and N12.7 billion in the 2023 Supplementary Budget.
It was not possible to verify the amount released from the budgetary line year over year.
However, it is rumored that President Tinubu is uneasy about the growing expense of upkeep, which is why he ordered the fleet to be reduced.
An authoritative source, speaking in private, stated:The President finds the growing expense of aircraft maintenance to be unsettling.
The sale of Falcon and Embraer aircraft is planned.
The PAF has set aside a minimum of N80 billion for maintenance costs, which are as follows: The following amounts were reported: N3.65 billion in 2016, N4.37 billion in 2017, N7.26 billion in 2018, N7.30 billion in 2019, N6.79 billion in 2020, N12.55 billion in 2021, N12.48 billion in 2022, and about N25.7 billion in 2023, consisting of N13 billion in the budget and N12.7 billion in the 2023 Supplementary Budget.
It was not possible to verify the amount released from the budgetary line year over year.
However, it is rumored that President Tinubu is uneasy about the growing expense of upkeep, which is why he ordered the fleet to be reduced.
An authoritative source, speaking in private, stated:The President finds the growing expense of aircraft maintenance to be unsettling.
The primary driver is lowering expensive maintenance expenses.
"I believe that PAF officers were especially worried about how often maintenance needs to be performed and how much it will cost the country."
"The President made the decision to release the aircraft that is the most onerous."
According to an examination, the presidency may have paid more than $5 million in maintenance costs in the previous several months.
The precise number of unpaid obligations associated with the fleet was not known.
The insider provided explanations on why high-ranking government officials utilized some of the aircraft, stating that "it takes much time to connect some African countries by air." The Presidential Air Fleet comes in helpful in this kind of circumstance.
"The fleet's usage is based in the National Security Advisor's Office (ONSA) for efficient administration.
"I believe that PAF officers were especially worried about how often maintenance needs to be performed and how much it will cost the country."
"The President made the decision to release the aircraft that is the most onerous."
According to an examination, the presidency may have paid more than $5 million in maintenance costs in the previous several months.
The precise number of unpaid obligations associated with the fleet was not known.
The insider provided explanations on why high-ranking government officials utilized some of the aircraft, stating that "it takes much time to connect some African countries by air." The Presidential Air Fleet comes in helpful in this kind of circumstance.
"The fleet's usage is based in the National Security Advisor's Office (ONSA) for efficient administration.
In an additional cost-cutting move last week, President Tinubu put a three-month travel embargo on publicly financed overseas travels for Federal Government employees.
Read further on https://timbloggist.blogspot.com/2024/04/disclosed-tinubu-sold-three.html
This is effective as of right now.
This is effective as of right now.
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