Presidential air fleet cost rises by 185.6%, gulps N50.75bn in five years

Presidential air fleet cost rises by 185.6%, gulps N50.75bn in five years

10/24/2021 11:54:00 AM

Presidential air fleet cost rises by 185.6%, gulps N50.75bn in five years

THE budgetary allocations for the Presidential Air Fleet have increased from N4.37bn in 2017 to N12.48bn in 2022, according to data obtained from the appropriation bills of the Federal Government within the period under review.

On October 7, 2021, the President, Major General Muhammadu Buhari (retd.), presented the 2022 budget proposal to a joint session of the National Assembly; a whopping N16.39tn, which will send the Federal Government on another borrowing spree of N6.23tn. According to the proposal, N12.48bn was appropriated for the PAFs.

Sunday PUNCHobserved that budgetary allocations for the PAFs have been on a steady increase since 2017, except for 2020, where the allocation saw a slight drop by N503.75m against the preceding year.In 2017, the proposed allocation was N4.37bn. Recurrent expenditure—comprising personnel remuneration and overhead—amounted to N4.37bn. The sum of N399.50m was allocated for capital projects.

In 2018, the proposed allocation was N7.26bn. Recurrent expenditure—comprising of personnel remuneration and overhead—amounted to N4.36bn. N2.90bn was allocated for capital projects. This showed an increase of 66.13 per cent from the previous year.In 2019, the proposed allocation was N7.30bn. Recurrent expenditure—comprising of personnel remuneration and overhead—amounted to N4.36bn while N2.94bn was allocated for capital projects. This showed an increase of 0.55 per cent from the previous year. headtopics.com

In 2020, the proposed allocation was N6.79bn. Recurrent expenditure—comprising of personnel remuneration and overhead—amounted to N3.02bn while N3.77bn was allocated for capital projects.The allocation for 2020 dropped by 6.99 per cent compared to 2019. This decrease which was in overhead cost may be connected to the global lockdown that ceased operations for several months.

In 2021, the proposed allocation was N12.55bn. Recurrent expenditure—comprising of personnel remuneration and overhead—amounted to N4.37bn while N8.18bn was allocated for capital projects. This showed an increase of 84.83 per cent from the previous year.

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Normofe This guy just came to steal and destroy A Plague.. IamtheOGee Do they want to borrow another money? The most pretentious human on the planet 😆 🤣 😂 😹 😆 dude played Nigerians to the end, he's good lol The same govt don’t have money to pay doctors. Do you know how much it cost to maintain the fleet before him and how much it would have cost if not for him?

This one came to fulfill his travel blogging ambitions. Smh Someone should tag that live within your means woman who supports buhari from Germany OgbeniDipo The same man that promised to reduce them for the benefit of the masses, Liar with perfection, con man with excellence.

Been the PTF Chairman activated MBuhari desire to stay in Aso Rock, his quest for presidency was not activated by the desire to serve the people but just to be called the president. Buhari is clueless and incompetent, he worsen our security, economy and unity. This man only wanted to escape poverty. Now, I see where the fake lifestyle most Nigerians are living comes from. We are broke but we pretend to be rich. E murasi o

And they are all still useless as they are, both users and the used.. Promises ... Promises. Keep it up APC ayemojubar How much is young shall grow again please? No good outcome with all the fleets and traveling. Wasting our resources away. New ones is how much Still less than the amount in their bank accounts

iaboyeji The increase alone will build a world class hospital and reduce fx rate caused as a result of medical tourism as mentioned by the CBN governor. But no....