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Tinubu Administration Cost-saving Measures: Three Jets From Presidential Air Fleet Set To Be Sold.
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The fleet, consisting of 10 aircraft, will be reduced to seven if the plan is implemented.
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President Tinubu is concerned about the rising maintenance costs of the fleet, leading to the decision to dispose of three aircraft.
EKO HOT BLOG reports that three jets in the Presidential Air Fleet (PAF) are to be sold off, it was learnt at the weekend.
This is part of the cost-saving measures being adopted by the Tinubu Administration.
There are 10 aircraft in the fleet – six jets and four helicopters – which will be cut to seven if the planned action sails through.
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During the administration of President Muhammadu Buhari, the plan to sell two planes in the fleet did not materialise.
In October 2016, a Dassault Falcon 7x executive jet and a Beechcraft Hawker 4000 business jet were put up for sale.
The preferred bidders who initially agreed to pay $ 24 million for the two aircraft, later reduced their offer to $ 11 million. This was rejected by the then government.
Thereafter, an arrangement to put some of the aircraft on chatter for willing governors was initiated to make the planes income-generating, thereby reducing the government expenses on maintenance.
The planes in the Presidential Fleet are Boeing Business Jets (BBJ) 737, Gulfstream G550, Gulfstream G500, two Falcon 7X, HS 4000, two Agusta 139, and two Agusta 101.
The BBJ 737 is the Nigerian Air Force One, which is used exclusively by the President.
It is designed to serve as an office and a residential quarter on air to enable the president to function effectively during his trip.
The President also uses one of the helicopters for shuttles during his trips around the country.
Other jets in the fleet are used by top government officials, including the Vice President, governors, the President of the Senate, the Speaker of the House of Representatives, the National Assembly members on special shuttles, the Secretary to the Government of the Federation, ministers on special missions, the Chief of Staff, advisers and even ambassadors of plenipotentiary status.
It could not be ascertained at the weekend if the President BBJ 737 will be sold and replaced.
The BBJ was bought for about $43 million during the administration of President Olusegun Obasanjo.
A Falcon and Embraer jets have been slated to be sold.
Not less than N80 billion has been budgeted for the PAF as maintenance cost, as follows: 2016 (N3.65 billion), 2017 (N4.37 billion), 2018 (N7.26 billion), 2019 (N7.30 billion), 2020 (N6.79 billion), 2021 (N12.55 billion), 2022 (N12.48 billion) and in 2023 about N25.7billion, made up of N13billion in the budget and N12.7billion in the 2023 Supplementary Budget.
The amount released from the budgetary line year on year could not be confirmed.
But President Tinubu is said to be uncomfortable with the rising cost of maintenance, hence his directive to reduce the fleet.
A top source, who spoke in confidence, said: “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 high maintenance costs.
“I think officers in PAF were particularly concerned about the frequency of maintenance and how much it costs the nation.
“The President decided to let off the aircraft that constitute the most burdensome.”
An investigation confirmed that the presidency might have incurred over $5 million as maintenance fees in the past few months.
It was unclear the actual figure of outstanding commitments on the fleet which have not been settled.
Giving reasons for the use of some of the planes by top government officials, a source said: “It takes much time to connect some African countries by air. In such a situation, the Presidential Air Fleet is handy.
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“The use of the fleet is domiciled in the Office of the National Security Adviser (ONSA) for effective management.”
Last week, President Tinubu in another cost-saving measure imposed a three-month travel ban on public-funded foreign trips by Federal Government officials.
This takes effect from today.
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