NIGERIA’S PRIVATE JET OWNERS SPEND N30BN ON MAINTENANCE ANNUALLY
source: http://www.eyesoflagos.com/2017/05/nigerias-private-jet-owners-spend-n30bn.html

As the number of private jet owners in Nigeria continues to decrease due to economic recession, the remaining 50 per cent who still own the luxury items now spend about N30 billion on maintenance annually,EYES OF LAGOS checks have revealed.
It was gathered that the remaining 100 owners of private jets in the country spend between $500,000 to $1 million to maintain their jets annually, translating to N30.5 billion.
Our finding showed that the number of owners of the luxury items dropped from 200 to between 50 and100, with most of them who are out of the league either selling out their private jets or returning them to their original owners abroad.
Before the present government came into power, it was estimated that Nigeria had about 200 private jets owned by individuals.
With the President Muhammadu Buhari administration maintaining an unshakable posture on the anti-corruption war, the number is said to have been halved to about 100 private jets, following cancellation of orders by potential owners before the new government came into office.
When contacted, the General Manager, Public Affairs of the Nigerian Civil Aviation Authority (NCAA), Sam Adurugboye, could not ascertain the current number of registered private jets in the country. He said he does not have such records.
But confirming the cost of aircraft maintenance, President of National Association of Aircraft Pilots and Engineers (NAAPE), Engr Isaac Balami, concurred that it is very expensive, as the issue of safety and engineering are paramount.
Balami said that even though modern aircraft has been able to take care of some of the maintenance by just software applications, the cost of maintaining an aircraft still remains a function of the type of the aircraft and the level of specifications certified by the aircraft maker.
Stating that the cost of maintaining an aircraft does not only end at “C” checks level, he added that there was also need for pre-flight, post flight and weekly inspections too, depending on whether the aircraft is Boeing, Airbus, Bombadier or Gulfstream.
He said, “It depends on how the manufacturer specify how you can do checks on the aircraft routine. There are normal routine checks but there is also non-routine checks. Sometimes you land and maybe you applied too much breaks and within two weeks, the break that is supposed to serve in the next four months, five months is now overused and due for replacement.
“There is conditional and unconditional maintenance checks. Sometimes you even have the ones you don’t even expect. A bird may just fly into your engine and that may cost hundreds and thousands of dollars.
“On average, I will say maintenance cost of private jet costs about $500,000 to $1 million US dollars for a year, depending on the size of the aircraft. The reason is because it is the function of the age of the aircraft. The older the aircraft the costlier the cost of maintenance. You must also pay engineers monthly and other costs. All these are part of it”.
Balami who rated Nigeria as the third highest private jet owning country pointed out that private jet ownership has reduced in recent times, while there still exist a couple of them.
He said, “The Bombadier is bigger and more comfortable; we also have the Gulfstream. Apart from America and China, Nigeria is the third in private jet ownership all over the world. From the last administration, we had over 200 private jets and so many other orders were made.
“It was growing up, although some people later cancelled their orders because of the recession, especially when everything is done in Dollars. France, UK and other advanced countries do not come near to Nigeria when it comes to private jet ownership”.
As at March 2014, it was reported that Nigerians spent over $6.5 billion dollars on private jets, making it one of the fastest-growing luxury jet industries in the world.
Some prominent Nigerians who are private jet owners include, All Progressives Congress (APC) chieftain, Ahmed Bola Tinubu; former governor of Abia State, Orji Uzor Kalu; former Borno State governor, Senator Ali Modu Sherrif; General Oversea of The Living Faith Church, Bishop David Oyedepo and African richest man, Aliko Dangote.
Others are second richest man in Nigeria, Otunba Mike Adenuga; head of the Redeemed Church of God, Pastor Enoch Adegboye; Lagos Business woman, Folorunsho Alakija; former president of the Christian Association of Nigeria, Ayo Oritsejafor, amongst others.

I guess Davido is their maintenance manager

So our pastors spend so much money like that? Are these monies from the tithes we pay?

So... Tboss bf spend this much

ApolitiCal:
So our pastors spend so much money like that? Are these monies from the tithes we pay?

A

I won't believe this source unless it's coming from TBoss who has firsthand private jet knowledge.

Is TBoss somewhere on this thread?

What do we do about this news? arrest them? Get our own private jet? Or fry water?
PLus the lazy OP couldn't search for Picture of a private jet to upload sef?
Na wah

Shit

Good for them

youngest85:
I guess Davido is their maintenance manager

Lol... I see what you did there.

And you say Nigeria is poor? No, we're not poor. Our problem is wickedness of the upper class. They fail to invest with these money to create jobs, they refuse to help the poor and needy around them with these money and instead living exorbitant life and foreign investments is what appeals to them.
Of these jet maintainers include the "men of God" shepherding the poor flock. They live in affluence while the flock die of hunger. Pastor sir, N1 billion shared among 20,000 people will give them N50,000 each. A church that has 20,000 poor members in Nigeria, can draw them out of the poverty line with the pastor's cost of maintaining his private jet in one year. And imagine where the Pastor has more than one private jet.
This is what I call "wickedness in high places"

Wawuu.

30billion core 30billion ni, Na lie abeg.

I don't care, God that gave the private jet also provides for the maintenance.

30bn


I don't understand this, is it that all of them spend 30bn or each owner spend 30bn for the maintenance

With much wealth and pleasure come much more expenses....

N30bn? Holy Cow!
I go reach that level & surpass it.
What about u?
If u go reach & surpass that level click like and if u want to stay broke click share.

I think the ones that cancelled their orders had something else in mind(EFCC) and definitely not recession.

www.engineerosaz..com is where you find latest prices of building materials in Nigeria, free rough estimates of various types of building projects across the country and quality construction advice from a reliable professional in the industry.

With engineerosaz. you are not alone!

Wonderful

infogenius:
N30bn? Holy Cow!
I go reach that level & surpass it.
What about u?
If u go reach & surpass that level click like and if u want to stay broke click share.

Early in the morning, hustling for likes ,and u want to reach and surpass that level abi

Kwantinue ooo

God let your will be done...........
What else can I say than to thank you for this wonderful new month.
This month will surely be a month of divine favour and blessing for us all in JESUS NAME..... AMEN.

So Nigeria is the third nation on earth that employs more private jets

get ur tbc at extremely low price chat me up now 07062888246

GOD IS TRULY MERCIFUL. DEY STEAL MONEY 4 DER LUXURY LIFE, N HE(GOD) TAKES IT BACK FROM DEM THROUGH MAINTENANCE OF DER PRIVATE JETS. HIS IS TRULY MERCIFUL.

It was gathered that the remaining 100 owners of private jets in the country spend between $500,000 to $1 million to maintain their jets annually, translating to N30.5 billion.

Maintaining a private jet with 300 million naira yearly depends on the type of maintenance you are talking about. Most cost should go to hanger and airport tax etc.

It's worth it. They have enough money making machines to yield that sum in multiple folds.

Please hungry Nigerian go and work and stop hating rich people for not giving you peanuts.

Third in the whole world?? 9ja which way na. .. What's the hope of the common man??

MidasTouche01:



Early in the morning, hustling for likes ,and u want to reach and surpass that level abi

Kwantinue ooo

LOL, U WICKED OOOO.

..

buchilino:
GOD IS TRULY MERCIFUL. DEY STEAL MONEY 4 DER LUXURY LIFE, N HE(GOD) TAKES IT BACK FROM DEM THROUGH MAINTENANCE OF DER PRIVATE JETS. HIS IS TRULY MERCIFUL.

Go and look for how to be rich and stop thinking that every rich man is a thief.