It's Paul Olarewaju's Blog Again!!!: President Buhari To Sell-Off Nine Presidential Jets In Order To Cut Cost

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Friday, 19 June 2015

President Buhari To Sell-Off Nine Presidential Jets In Order To Cut Cost

In a bif to cut down cost of governance, president Muhammadu Buhari has directed that nine of the VIP transport aircraft under the presidential fleet should be sold.

Sources from the industry informed THISDAY that the presidential fleet, which are registered as Nigerian Air Force aircraft, is one of the largest in Africa and the third largest in Nigeria after Arik Air and Aerocontractors.


An aviation source, who is aware of the directive to sell the aircraft, the
presidency has a number of serviceable and unserviceable aircraft that need to be disposed of in order to reduce the amount spent by the federal government for aircraft maintenance annually.
“Nine, which still have market value, are to be sold immediately to reduce maintenance costs,” he said.

According to sources, for years the federal government has spent over N12 billion annually for the maintenance of the presidential fleet.

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