N7.26bn TO Spend On Presidential Air Fleet

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Federal Government has proposed to spend N7.26 billion on the Presidential Air Fleet, PAF, in the 2018 budget proposal. 

According to details by the Budget Office, about N4.3 billion of the amount was proposed for recurrent expenditure, while N2.8 billion is for capital expenditure.



The expenditure is about 67 per cent than the N4.37 billion appropriation in the 2017 budget, which consisted of N3.97 billion for recurrent and N399.5 million for capital projects. 

In the current proposal, which is subject to approval by National Assembly, at least N1.58 billion was set aside for the overhaul and maintenance of five aircraft in the fleet, from about N2.9 billion budgeted for capital expenditure

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