INFORMATION obtained from government aviation agencies and airline operators has revealed that President Goodluck Jonathan-led administration spends an estimated N9.08bn annually on the Presidential Air Fleet.

PAF has the third largest fleet of aircraft in the country. According to findings, the PAF contains a total of 10 aircraft, coming closely behind Aerocontractors Airlines, which has a total of 14 aircraft.

Arik Air, the largest commercial airline in the country, has a fleet of 23 aircraft.

Figures obtained from the Nigerian Airspace Management Agency, Federal Airports Authority of Nigeria, and the Nigerian Civil Aviation Authority revealed that N9.08bn is spent to maintain the 10 presidential jets every year.

The PAF include two Falcon 7X jets, two Falcon 900 jets, Gulfstream 550, one Boeing 737 BBJ (Nigerian Air Force 001 or Eagle One), and Gulfstream IVSP.

Others are one Gulfstream V, Cessna Citation 2 aircraft and Hawker Siddley 125-800 jet.

Cost of running fleet

According to a former Minister of Information, Professor, Dora Akunyili, each of the two Falcon 7X jets purchased in 2010 cost $51.1m, while the Gulfstream 550 costs $53.3m.

The factory price of other aircraft in the fleet could not be easily obtained online. However, airline CEOs put the average price of Falcon 900 at $35m, Gulfstream IVSP as $40m, Gulfstream V at $45m, Boeing 737 BBJ at $58m, Cessna Citation is $7m and Hawker Siddley 125-800 at $15m.

This brings a combined estimated value of Nigeria’s PAF to $390.5m (N60.53bn).

According to airline chief executives and industry experts, airlines spend between 15 and 20 per cent of the cost of an aircraft on its operation yearly. They say that averagely, a little less than one-fifth of the cost of the plane is spent every year on insurance, flight and cabin crew, maintenance, fuelling, catering and training.

Going by the fact that at least 15 per cent of this amount is spent annually on operating the PAF, it means about $58.57m (N9.08bn ) is spent annually on running the planes .

Nigeria happens to be one of few countries of the world with a large PAF.


http://www.punchng.com/news/fg-spends-n9bn-annually-on-10-aircraft-presidential-fleet/

My advise Please do not steal, nigerian politician hates competition!

its not my business how much FG spent on jet, i have my family to look after.

Mismanagement of public fund,SMH typing from my neighbors PC.

Fresh Air!

O.T.I.S:
its not my business how much FG spent on jet, i have my family to look after.

of course we all do. you would be able to look after ur family better if the govt spend more, efficiently and with zeal on infrastructure (health and education)like it does in maintaing its 10 aircraft and other trivial spendings.

la furia:
of course we all do. you would be able to look after ur family better if the govt spend more, efficiently and with zeal on infrastructure (health and education)like it does in maintaing its 10 aircraft and other trivial spendings.

**mchew**

We need more than 10. I pray Jonathan buys at least 10 more. When the messiah president arrives, we will make all of them commercial, and Nigeria Airways can be back to where it belongs.

hw wil dis affect d lives of ordinary nigerians who r struggling. Dis goverment has misplace it priority.

thieves

No president on earth needs 10 airplanes!!!

Whew! And I am wondering how many vessels in PNF

TEN JETS STANDING, STANDING ON THE WALL IF ONE JET SHOULD ACCIDENTLY FALL ....................

TEN JETS STANDING, STANDING ON THE WALL IF ONE JET SHOULD ACCIDENTLY FALL DOWN...................

If we complain some bigoted and sentimental foo.ls will raise inane and jejune excuses that we are fond of criticising a spendthrift government. This is the height of profligacy and not until our anger level rises to a higher decibel and we start shaming this government, we will all quench in our silent anguish.

Thunder fire any president that is calling for the removal of fuel subsidy

Catch_fire: So? Do u want GEJ to be using the same jet everyday?

Take your time o!

It has been that way before GEJ surfaced

O.T.I.S:
its not my business how much FG spent on jet, i have my family to look after.

I dont like calling people names but you are a BIG FOOL!

Its cus of pipo like u dat we are so backward. We all have families to feed and the truth is if u question and resist such stupendous expenditures by your govt, you will have to work less hard to cater for your family.

WORD.

TRILLIONIAR: TEN JETS STANDING, STANDING ON THE WALL IF ONE JET SHOULD ACCIDENTLY FALL DOWN...................

Please o! Let that one wen fall fall with GEJ and his senators inside jare

Now ask the question: How many helicopter air ambulances do we have in Nigeria to ferry violently traumatized accident victims to hospitals?

ZERO

They could easily create such a program where FRSC officials can easily radio for help in dire cases, but that is not the kind of thing our government thinks of.

They would rather buy 10 jets to ferry politicians all around Nigeria, but no air ambulances for the citizens.

Meanwhile one of the first acts of GEJ as substantial president was to purchase two more planes. The justification then was that the fleet was aging. So why not sell the remaining planes?

The PDP-Led FG under GEJ has taken profligacy to unimaginable heights. After spending such sums on their personal comfort, they turn around to tell Nigerians to make sacrifices and bear the pains of their wicked policy(SUBSIDY).

GEJ's motto: A-LOOTER Continua, Victoria Aceta!!!

O.T.I.S:
its not my business how much FG spent on jet, i have my family to look after.

A little critical thinking will show you that it would be easier for you to feed your family if government was working for you.

There are enough problems that are created by government that will eventually affect your family...keep feeding them.

Shey you will provide job for them when they grow? Shey your daughter will see EMPLOYED graduate to marry at marriage age? Shey you have money to fly loved ones abroad in times of illness? Or when kidnappers and armed robbers come you will do James Bond and defend yourself?

Invest that on the railway system and see the movement of goods connecting to all parts of Nigeria thereby helping the economy

ypzilanti: Now ask the question: How many helicopter air ambulances do we have in Nigeria to ferry violently traumatized accident victims to hospitals?

ZERO

They could easily create such a program where FRSC officials can easily radio for help in dire cases, but that is not the kind of thing our government thinks of.

They would rather buy 10 jets to ferry politicians all around Nigeria, but no air ambulances for the citizens.

Meanwhile one of the first acts of GEJ as substantial president was to purchase two more planes. The justification then was that the fleet was aging. So why not sell the remaining planes?

SORRY!
BUT THEY REALLY ARE NOT THINKING OF YOU.

Huuuummm! That amont of money could have built atleast one standard hospital per anum, in six years we would have had one standard hopital in each geopolicatl zone and in 12years atleast two in each geopolitical zone. Better still the money can be given to 2000 unemploye graduate as a start up capital inform of loan, this graduate can inturn give employement to another 40000 peaple if gov can do that every year for 6years 12000 graudate would have benefited while 240000 peaple would have gained direct employments. No, not our wicked leaders who have trown our jobs, hospitals etc away to an unrecoverable agenda.

.

Haba, what are the legislators (or rather legislooters) doing with this lavish spender President doing?

I hope they are not calling for the wrath of God. No job for our graduates and almost nothing in the country works again and these so called useless leaders are wasting so much.

Let God arise to save this nation.

President is flying on FRESH AIR!

It is because we kept voting candidates who never wore shoes to secondary school!

It will never be well with them in their private matters!

...And when a pastor owns just one jet everyone cries foul; wants him to sell it and take care of the poor in his church. I can now see how the N9.08bn used in maintaining the presidential fleet annualy is used to take care of the poor masses in Nigeria.