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
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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
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
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
Agusat Westland 101 - $21m
Agusta Westland - $12m
*FG – Federal Government
*PAF – Presidential Air Fleet
*NSA – National Security Agency
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