Cutting Cost Of Governance: Tinubu Govt Set To Sell 3 Presidential Aircraft To Save Billions Spent On Maintenance

April 1, 2024
Cutting Cost Of Governance: Tinubu Govt Set To Sell 3 Presidential Aircraft To Save Billions Spent On Maintenance

In its quest to cut the cost of governance, President Bola Tinubu’s government has concluded plans to sell three aircraft from the Presidential Air Fleet (PAF) to save billions of naira spent annually on maintenance of the jets.

The Presidential Air Fleet (PAF) has 10 aircraft comprising six jets and four helicopters.

Join our WhatsApp Channel

The proposed sale of three would reduce the number to seven.

According to a media report, the maintenance costs have shut up astronomically in recent times with the burden becoming unbearable for the government of the day, hence the need to cut it down.

A source said the government officers expressed concern about the frequency of the maintenance and the cost implication to the country.

“The President is uncomfortable with the rising cost of maintaining the planes. Three planes have been pencilled down for disposal. The main reason is cutting down on high maintenance costs.

“The President decided to let off the aircraft that constitute the most burdensome,” the source told a national newspaper.

Tinubu has repeatedly assured that his government is working towards cutting the cost of government. Earlier this year, it announced a slash of government entourage for trips both locally and internationally.

READ ALSO: ECOWAS: Tinubu Opens Borders, Lifts Sanctions On Niger

Tinubu also declared his intention to implement the Steve Oronsaye report on Civil service restructuring. This involves merging, and outright scrapping of some Federal Government agencies to cut the cost of governance.

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

UNESCO Appoints Nigerian Professor To Head Ghandi Institute In India
Previous Story

UNESCO Appoints Nigerian Professor To Head Ghandi Institute In India

Bishop Matthew Kukah
Next Story

Easter: Bishop Kukah Tasks Tinubu On Tackling Hunger, Insecurity

Featured Stories

Latest from News

Morocco Earmarks $330m for Flood-Hit Northern Regions

The Morocco government has approved a 3bn dirham ($330m) emergency package to support communities in its northern provinces after weeks of unusually heavy rainfall triggered widespread flooding. In a statement on Thursday, the royal palace said King Mohammed VI had ordered a

INEC Sets Dates For Presidential, Governorship Elections

Nigeria’s electoral umpire, the Independent National Electoral Commission (INEC), has fixed 20 February 2027 for the presidential and National Assembly elections and 6 March 2027 for governorship and state assembly polls, formally triggering the countdown to the country’s next general election. Announcing

Germany Confirms Revival of $2.3bn Siemens Power Deal Under Tinubu

Germany has confirmed that the $2.3 billion Presidential Power Initiative (PPI) with Nigeria, implemented by Siemens AG, remained largely dormant under the previous administration but has regained momentum under President Tinubu. Johannes Lehne, Deputy Head of Mission at the German Embassy in
UNESCO Appoints Nigerian Professor To Head Ghandi Institute In India
Previous Story

UNESCO Appoints Nigerian Professor To Head Ghandi Institute In India

Bishop Matthew Kukah
Next Story

Easter: Bishop Kukah Tasks Tinubu On Tackling Hunger, Insecurity

Don't Miss

UAE Ends Year-Long Visa Ban On Nigerians

UAE Ends Year-Long Visa Ban On Nigerians

The United Arab Emirates (UAE) has officially lifted the visa
Top 10 Moments That Defined BBNaija All Stars 2023

‘I Was Considering Leaving The House’- Seyi On His Misogynistic Comments

In a candid conversation, Seyi, a participant on the popular