According to a document obtained exclusively from the Presidency by Saturday punch. The breakdown of the sum showed that N2.3bn was released for PAF by the Office of the Accountant-General of the Federation between May and November 2015.
That figure included releases for personnel costs, overheads and capital expenditures; out of the N5.19bn appropriated for PAF in the 2015 budget. Of the sum, the Presidency said N99.715m was spent on aircraft maintenance, spares and subscription services.
The sum of N98.5m was also spent on operations; N165.373m on training and N85.5m on personnel medicals and overheads. During the period, PAF spent N1.350bn to settle outstanding liabilities carried over from 2014.
N500m was refunded to the NSA for financial support rendered for the maintenance of the Fleet prior to release of funds. The PAF inherited from GEJ’s administration is the 2nd largest in the country, coming after Arik Air which has 23 aircraft in its fleet…. bt Nigerians r saying d PAF ought to b d largest in Africa cuz we r d undisputed giant of d continent….
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Title :
Federal Government spent N5illion on presidential fleets
Description : According to a document obtained exclusively from the Presidency by Saturday punch. The breakdown of the sum showed that N2.3bn was releas...
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