How FG spent N5bn on presidential fleet in 15 months
The outrageous sum covers the period of time that President Muhammadu Buhari has been in office
How FG spent N5bn on presidential fleet in 15 months
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![Vice President, Senator Kashim Shettima [Twitter:MrMtag]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Vice President, Senator Kashim Shettima [Twitter:MrMtag]")
Amount released for PAF by the Office of the AGF between May and November 2015 – N2.3bn
Amount claimed by PAF to settle outstanding liabilities carried over from 2014 – N1.35bn
Amount refunded to NSA for financial support rendered for maintenance prior to release of funds – N500m
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Amount spent on personal medicals and overheads – N85m
Amount spent on training – N165.37m
Amount spent on aircraft maintenance, spare and subscription services – N99.7m
Amount spent on operations – N98.5m
Using the official interbank market rate of dollar, N19.9bn ($65.13m) is likely the amount spent between May 29, 2015 & August 29, 2016 to maintain the PAF at N305.5/dollar
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Combined estimated value of Nigeria’s PAF - $347.4m (N106.13bn)
Boeing Business Jet - $59m
Gulfstream 550 - $53.3m
Each of the two Falcon 7X jets - $51.1m
HS 4000 - $22.9m
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Agusat Westland 101 - $21m
Agusta Westland - $12m
*FG – Federal Government
*PAF – Presidential Air Fleet
*NSA – National Security Agency
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