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President Jonathan To Buy New Executive Jet - Politics - Nairaland

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President Jonathan To Buy New Executive Jet by Franchise21(m): 1:31pm On Dec 24, 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.

http://saharareporters.com/2014/12/23/president-jonathan-buy-new-executive-jet

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