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Tinubu Administration Implements Cost-Saving Measures: Three Jets in Presidential Air Fleet to be Sold”

Boom RadioNG | April 1, 2024

The Tinubu Administration has announced cost-saving measures that include the sale of three jets from the Presidential Air Fleet (PAF), according to an official. The fleet currently consists of 10 aircraft, including six jets and four helicopters, which will be reduced to seven if the plan is approved.

During President Muhammadu Buhari’s administration, a similar plan to sell two planes did not materialize. In 2016, a Dassault Falcon 7x executive jet and a Beechcraft Hawker 4000 business jet were put up for sale. However, the preferred bidders’ offer of $11 million was rejected by the government, leading to an alternative arrangement of chartering some of the aircraft to generate income and reduce maintenance expenses.

President Bola Tinubu Arrives Nigeria from a foreign trip

The Presidential Fleet comprises various aircraft, including Boeing Business Jets (BBJ) 737, Gulfstream G550, Gulfstream G500, Falcon 7X, HS 4000, Agusta 139, and Agusta 101. The BBJ 737 serves as the Nigerian Air Force One, exclusively used by the President for official trips. Other jets in the fleet are utilized by top government officials, including the Vice President, governors, and ministers, for special missions and shuttles.

President Tinubu’s directive to reduce the fleet stems from concerns over the escalating maintenance costs. Not less than N80 billion has been allocated for PAF maintenance from 2016 to 2023. The decision to sell three planes aims to alleviate the financial burden associated with maintenance expenses, which have reportedly exceeded $5 million in recent months.

In addition to the fleet reduction, President Tinubu has imposed a three-month travel ban on public-funded foreign trips by Federal Government officials as part of further cost-saving measures.

Written by Boom RadioNG

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