Presidency To Spend N8.6billion On Overhaul Of Presidential Air Fleet Engines in 2025 budget
These expenses are domiciled under the office of the National Security Adviser (NSA).
A review of the 2025 proposed budget has shown that the Nigerian Presidency plans to spend N8.6billion on overhaul of presidential air fleet engines.
The review shows that the overhaul of 5N-FGW engines in the presidential air fleet is expected to cost N5.5 billion, while overhaul of two falcon 7x engines is expected to cost N3.1billion.
These expenses are domiciled under the office of the National Security Adviser (NSA).
Other expenses include renovation of fifty units of presidential air fleet residential quarters at the rate of a budgeted N119.8 million.
Jet
Hangar for presidential air fleet is expected to cost N714 million.
Recently, there was a controversy on the President Tinubu-led administration purchasing a new jet, although the administration claimed it bought a refurbished one.
The jet had been estimated at N150 billion.
There have been concerns on the prudence in the management of resources by the Nigerian government, especially given the stated scarcity of revenue in the country.
A SaharaReporters’ review of the just released Central Bank of Nigeria economic report also showed that the sum of N7.9trillion was spent on debt servicing between Q1 and Q3, 2024.
Per the data, in the first quarter of the year (January to March), the government spent N2.2 trillion on debt servicing, it spent N3.7 trillion between April and June, another sum of N2 trillion was spent between July and September.
Between January and September, the government also earned N6 trillion as retained revenue.
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