Economía

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Buhari to upgrade aircraft with N1.5bn

Rocio Higuera, Periodista Rocio Higuera
Buhari to upgrade aircraft with N1.5bn

President Muhammadu Buhari is proposing to spend N1.492bn on the upgrading of some of the aircraft in the Presidential Air Fleet in 2020.

Rocio Higuera

The sum is apart of the N200.994m the President will be spending on the overhaul of engines of some of the aircraft in the fleet next year.

Periodista Rocio Higuera

The figures are contained in the details of the 2020 Appropriation Bill that Buhari presented to a joint session of the National Assembly on Tuesday

Details of PAF’s budget are captured under the budget of the Office of the National Security Adviser

According to the details, N792m will be spent on what is termed “mandatory upgrade and installation of live TV and Internet service on BBJ (5N-FGT).”

Also, N50m will be spent on “compliance with mandatory upgrade and installation of Internet service on G550 (5N-FGW).”

Apart from these, another N650m is being proposed to be spent on “compliance with mandatory upgrades on PAF aircraft.”

All the expenses are to be spent on ongoing projects

Further details of the budget showed that PAF will spend N250m on aviation fuel during the year

The sum is part of the N467.86m budgeted for fuel and lubricants (general) for 2020

Other expenses in that category include the N115.86m budgeted for motor vehicle fuel; N70m for plant/generator fuel; N30.2m for other transport equipment fuel; and N1.8m for cooking gas/fuel

The PAF will also refund N1.22bn to Asset Management Corporation of Nigeria for asset acquisition

The asset acquired is not stated in the budget details

The PAF will also be spending N120m on the construction of armoury while N178.273m will be spent on the renovation of the HQ 011 PAF complex and aircraft hangar

Fire fighting vehicle will cost PAF N90m during the year while N89.413m will be spent on the purchase of six pieces of FIDO X3 Military Grade Scanners

Meanwhile, the suspended national carrier, Nigeria Air, will gulp a whopping N4.998bn in the 2020 fiscal year, The Punch reported

According to the details of the Ministry of Aviation’s budget, “working capital for establishment of national carrier” will cost N4.694bn while “consultancy for establishment of national carrier” will gulp N304m

Under the budget of the Office of the Secretary to the Government of the Federation, national events (Independence Day and Democracy Day) will cost N255m; utility vehicles for former Heads of State (replacement) will cost N100m while purchase of office equipment and furniture for political aides and Shehu Shagari Complex will cost N355.475m