President Jonathan To Buy New Executive Jet
President Goodluck Jonathan wants to ride yet another new
aircraft, and he has asked the National Assembly to
approve the purchase. The request is part of the 2015
budget presented to the National Assembly in Abuja last
week by the Minister of Finance, Dr.
BY SAHARAREPORTERS, NEW YORK
DEC 23, 2014
President Goodluck Jonathan wants to ride yet another new
aircraft, and he has asked the National Assembly to
approve the purchase. The request is part of the 2015
budget presented to the National Assembly in Abuja last
week by the Minister of Finance, Dr. Ngozi Okonjo-Iweala.
It will be the fourth such purchase since he took office in
2010.
To make the acquisition of the gleaming new toy fit for the
electoral stomp an attractive proposition, the presidency will
trade in one of the planes currently in the presidential
fleet. But the purchase will still gulp N400 million as deposit
to the manufacturer.
Towards combating the insurgency in the country, the
appropriation bill contains a N1,308,400,600 proposal to be
spent on NICEP II security elements phase II by the
NSA; N2,093,861,553 for maritime border security solutions
(Falcon Eye); N2,093,861,553 for North-East border
security solutions and N850 million for the DSS to buy
more firearms and ammunition for all the service formations.
Defense, which comprises the Ministry of Defense, the
Army, the Navy and the Air Force, has a vote of
N358,466,078,698.
Similarly, the Office of the National Security Adviser
(NSA), comprising the National Intelligence Agency, the
Department of State Security, the Presidential Air Fleet
(which manages the presidential fleet of aircraft), has a
budgetary proposal of N84,128,320,723.
The bill also shows a proposal of N215,635,713 for
foodstuff and catering equipment for the presidency,
suggesting that the equipment is replaced every year.
Furthermore, the presidency will spend N26,663,050,469:
N12,917,727,634 on personnel, N11,165,322,836 on overhead,
N24,083,050,470 on recurrent expenditure, and
N2,579,999,999 on capital projects.
The budgetary provisions further show an estimate of N150
billion for the National Assembly, and N73 billion is
budgeted for the judiciary.
For the Ministry of Finance, there is a proposal of
N1,727,288,461,558, a large proportion of which is dedicated
to a what is called the "Service Wide Vote".
The "Service Wide Vote" is explained as a vote created to
serve all Ministries Departments and Agencies (MDAs) for
emergency purposes not captured in MDAs yearly budgets,
but for which funding has been provided.
Funds are disbursed from the Service Wide Vote with
approval from the National Assembly through appropriation,
and the Minister of Finance approving the request from
demanding MDAs for the funds.
In the proposals, the education sector has an estimate of
N492,034,986,591, and health, N257,543,773,757.

blinkmoneyo:
President Jonathan To Buy New Executive Jet
President Goodluck Jonathan wants to ride yet another new
aircraft, and he has asked the National Assembly to
approve the purchase. The request is part of the 2015
budget presented to the National Assembly in Abuja last
week by the Minister of Finance, Dr.
BY SAHARAREPORTERS, NEW YORK
DEC 23, 2014
President Goodluck Jonathan wants to ride yet another new
aircraft, and he has asked the National Assembly to
approve the purchase. The request is part of the 2015
budget presented to the National Assembly in Abuja last
week by the Minister of Finance, Dr. Ngozi Okonjo-Iweala.
It will be the fourth such purchase since he took office in
2010.
To make the acquisition of the gleaming new toy fit for the
electoral stomp an attractive proposition, the presidency will
trade in one of the planes currently in the presidential
fleet. But the purchase will still gulp N400 million as deposit
to the manufacturer.
Towards combating the insurgency in the country, the
appropriation bill contains a N1,308,400,600 proposal to be
spent on NICEP II security elements phase II by the
NSA; N2,093,861,553 for maritime border security solutions
(Falcon Eye); N2,093,861,553 for North-East border
security solutions and N850 million for the DSS to buy
more firearms and ammunition for all the service formations.
Defense, which comprises the Ministry of Defense, the
Army, the Navy and the Air Force, has a vote of
N358,466,078,698.
Similarly, the Office of the National Security Adviser
(NSA), comprising the National Intelligence Agency, the
Department of State Security, the Presidential Air Fleet
(which manages the presidential fleet of aircraft), has a
budgetary proposal of N84,128,320,723.
The bill also shows a proposal of N215,635,713 for
foodstuff and catering equipment for the presidency,
suggesting that the equipment is replaced every year.
Furthermore, the presidency will spend N26,663,050,469:
N12,917,727,634 on personnel, N11,165,322,836 on overhead,
N24,083,050,470 on recurrent expenditure, and
N2,579,999,999 on capital projects.
The budgetary provisions further show an estimate of N150
billion for the National Assembly, and N73 billion is
budgeted for the judiciary.
For the Ministry of Finance, there is a proposal of
N1,727,288,461,558, a large proportion of which is dedicated
to a what is called the "Service Wide Vote".
The "Service Wide Vote" is explained as a vote created to
serve all Ministries Departments and Agencies (MDAs) for
emergency purposes not captured in MDAs yearly budgets,
but for which funding has been provided.
Funds are disbursed from the Service Wide Vote with
approval from the National Assembly through appropriation,
and the Minister of Finance approving the request from
demanding MDAs for the funds.
In the proposals, the education sector has an estimate of
N492,034,986,591, and health, N257,543,773,757.

hmmmmmmmmm

davo90tico:
hmmmmmmmmm

chai space booking SMH

Hmmm! For a country whose 140 million out of 170 million citizens are poor, well d purchase of very expensive presidential aircrafts is a priority? In d midst of d prevailing socio-economic, ethno-reliious quagmire?

Maybe he(jona) z kiddin...