Close Menu
  • News
  • Politics
  • Business
  • Daily News Cover
  • Entertainment
  • Tech
  • More
    • Education
    • Opinion
    • Metro
    • Sports
  • Advert Rate
Facebook X (Twitter) Instagram
Trending
  • Colleague recounts final hours of physiotherapist found dead in Works Minister, Umahi’s house
  • Physiotherapist Mary Habila’s death: Umahi’s lawyers petition police, insist on autopsy
  • Father of female physiotherapist who died in Works Minister, Umahi’s house rejects autopsy
  • APC stakeholders in Bauchi face credibility crisis over gubernatorial candidate
  • Why I signed Wizkid instead of Drake – Akon
  • Actor IK Ogbonna finally breaks silence on Alex Ekubo’s death
  • I could have been wayward to earn money but chose hard work – Funke Akindele
  • Ghana govt to crack down on TV stations airing Nigerian movies illegally
Facebook X (Twitter) Instagram
Daily News HubDaily News Hub
  • News

    Father of female physiotherapist who died in Works Minister, Umahi’s house rejects autopsy

    July 16, 2026

    Family to bury physiotherapist found dead in Umahi’s house July 17

    July 15, 2026

    Tinubu will sit close to Trump at 81st UNGA – Jimoh Ibrahim

    July 15, 2026

    50,000 police recruitment: PSC releases names of successful applicants

    July 15, 2026

    Tinubu empowers tailors with N3.6bn lifeline under ITF skills programme

    July 15, 2026
  • Politics

    APC stakeholders in Bauchi face credibility crisis over gubernatorial candidate

    July 16, 2026

    2027: Court declares APC UK congress illegal

    July 15, 2026

    2027: Arewa community in Ogun backs Yayi, pledges door-to-door campaign for APC candidates

    July 15, 2026

    Senator Adeola Yayi celebrates Aremo Olusegun Osoba’s life of courage, integrity, service at 87

    July 15, 2026

    State police must comply with prescribed national standards – Reps’ Speaker

    July 15, 2026
  • Business

    FAAC: FG, States, LGCs share massive N2.550tn as June revenue

    July 16, 2026

    Dangote Refinery abandons Naira, resumes petrol sale In Dollars

    July 14, 2026

    Nigeria remains World Bank’s third-largest borrower with $18.5bn

    May 25, 2026

    What you should know about Dangote refinery IPO

    May 23, 2026

    Dangote Refinery attracts billions of dollars in investment interest ahead of IPO – President

    May 21, 2026
  • Daily News Cover

    Hardship: Again, World Bank warns Tinubu against reversing reforms

    October 17, 2024

    Hardship: Atiku, Obi swoop on Tinubu as First Lady defends hubby

    October 10, 2024

    Rivers’ Day of Rage!

    October 7, 2024

    Police, #FearlessInOctober protesters set for showdown today

    September 30, 2024

    Guber poll loss:Edo Govt House ‘deserted,’ Obaseki ‘disappears’

    September 26, 2024
  • Entertainment

    Why I signed Wizkid instead of Drake – Akon

    July 16, 2026

    Actor IK Ogbonna finally breaks silence on Alex Ekubo’s death

    July 16, 2026

    I could have been wayward to earn money but chose hard work – Funke Akindele

    July 16, 2026

    Ghana govt to crack down on TV stations airing Nigerian movies illegally

    July 16, 2026

    BBNaija announces date for 2026 edition, N160m grand prize

    July 16, 2026
  • Tech

    Poor services: NCC orders telcos to compensate subscribers

    April 8, 2026

    Stop unauthorised filming of citizens,NDPC warns content creators

    March 13, 2026

    Alibaba plans $1.5m grants for African startups

    March 4, 2026

    Nigeria’s music streaming grew by 163.5% in five years — Spotify

    February 23, 2026

    X suffers global outageDaily Trust- X suffers global outage

    February 16, 2026
  • More
    • Education
    • Opinion
    • Metro
    • Sports
  • Advert Rate
Daily News HubDaily News Hub
Home»News»‘Presidential Molue’: 5 Presidents spend N214bn flying around the world
News

‘Presidential Molue’: 5 Presidents spend N214bn flying around the world

Daily News HubBy Daily News HubJune 30, 2024No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

As the moves to purchase two additional aircraft for the Presidential Air Fleet (PAF) continue to generate divergent reactions, findings have shown that the Federal Government may have spent a staggering N214 billion on the fleet from 1999 to date.

This sum represents cumulative budgetary allocations and expenditures on the fleet since the inception of the Fourth Republic, according to documents reviewed by Sunday Vanguard.

The expenditures were incurred under the administrations of President Olusegun Obasanjo (1999 – 2007), President Umaru Musa Yar’Adua (2007 – 2009), President Goodluck Jonathan (2009 – 2015), President Muhammadu Buhari (2015 – 2023) and current President Bola Tinubu.

*Questions*

The estimated figure, according to critics, raises questions about the priorities of the government, given the country’s pressing needs in areas such as education, healthcare, and infrastructure.

The N214 billion spent on PAF is a significant chunk of the Federal Government’s budget, and many Nigerians are calling for a review of the fleet’s operations and maintenance costs.

With the country facing economic challenges and struggling to fund key sectors, the government’s prioritization of the fleet has raised eyebrows.

The House of Representatives Committee on National Security and Intelligence, a fortnight ago, had approved the purchase of two new aircraft, after it said it discovered that the President’s 19-year-old Boeing 737 and some of the other aircraft in the fleet were dysfunctional.

The cost of each plane is estimated to be over $623.4 million (approximately N918.7 billion).

The PAF, under the control of the Office of the National Security Adviser (NSA), according to reports, consists of 10 aircraft, including Boeing Business Jet (BBJ) 737, Gulfstream G550, Gulfstream G500, two Falcon 7X HS 4000, two Agusta 139 and two Agusta 101.

The fleet flies the President, the Vice President, and principal officers of the National Assembly, including the Senate President and Speaker of the House of Representatives, among other top government officials.

While the fleet is seen as a symbol of national pride and prestige, critics argue that the costs of maintaining it are excessive and could be better spent on more pressing national needs.

The fleet has undergone several upgrades and renovations over the years, with each administration adding new aircraft to the fleet.

*Allocations*

In terms of budget allocations, there has been a fluctuation over the years.

For example, the Federal Government under Tinubu earmarked N20.5 billion in the 2024 budget for the PAF while N12.7 billion and N13 billion were budgeted for PAF in the 2023 supplementary budget and the 2023 budget respectively.

Out of the budgeted sum, findings also reveal that the administration has disbursed a total sum of N14.77bn for the repair and maintenance of the presidential aircraft in 11 months.

The payments, it was revealed, were made in 11 tranches between 16th July 2023 and 25th May 2024, and processed through the State House headquarters transit account labelled ‘Presidential Air Fleet Transit Funds’.

Furthermore, the Muhammadu Buhari administration spent N69.06 billion on fleet operation and maintenance for over eight years.

For instance, during Buhari’s first four years in office, a total of N20.42 billion was allocated for the presidential fleet.

Surprisingly, this allocation doubled in his second term, reaching N41 billion.
In 2016, N3.65 billion was allocated for PAF, with subsequent increases in 2017, 2018, and 2019, reaching N4.37 billion, N7.26 billion, and N7.30 billion, respectively.

However, a slight drop of N503.75 million occurred in 2020 when N6.79 billion was budgeted due to the global lockdown caused by the COVID-19 pandemic, which significantly impacted flight operations.

*Two years*

In the two years following the pandemic, the allocation surged, rising to N12.55 billion and N12.48 billion for the 2021 and 2022 fiscal budgets, respectively.

Similarly, Goodluck Jonathan’s administration spent N42.18 billion on PAF in four years from 2011 to 2015.

In 2011 and 2012, the fleet was allocated 17.98 billion and 3.54 billion while it was 7.5 billion, 7.97 billion and 5.19 billion in 2013, 2014 and 2015 respectively.
A look at the budgetary allocations for the presidential fleet from 2011 to 2024 amounted to N144.44bn.

Records for allocations to PAF under the Obasanjo and Yar’Adua (1999 to 2000) were not immediately available but sources said they averaged N7 billion per year, meaning that total allocations for the 10 years could be in the region of N70 billion.

What this means is that estimated allocations to PAF since 1999 are in the region of N214 billion.
A breakdown of budgetary allocations from 2011 to 2024 is as follows:

2011 N17.98bn
N3.54bn
2013 N7.5bn
2014 N7.97bn
2015 N5.19bn
2016 N3.6bn
2017 N4.37bn
2018 N7.26bn
2019 N7.297bn
2020 N8.51bn
2021 N12.55bn
2022 N12.48bn
2023 N25.7bn
2024 N20.5bn

As the country moves forward, it remains to be seen whether the government will rethink its spending priorities and channel more resources towards pressing national needs.

(Vanguard)

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Daily News Hub
  • Website

Related Posts

Father of female physiotherapist who died in Works Minister, Umahi’s house rejects autopsy

July 16, 2026

Family to bury physiotherapist found dead in Umahi’s house July 17

July 15, 2026

Tinubu will sit close to Trump at 81st UNGA – Jimoh Ibrahim

July 15, 2026

Comments are closed.

Colleague recounts final hours of physiotherapist found dead in Works Minister, Umahi’s house

July 16, 2026

Physiotherapist Mary Habila’s death: Umahi’s lawyers petition police, insist on autopsy

July 16, 2026

Father of female physiotherapist who died in Works Minister, Umahi’s house rejects autopsy

July 16, 2026

APC stakeholders in Bauchi face credibility crisis over gubernatorial candidate

July 16, 2026

Why I signed Wizkid instead of Drake – Akon

July 16, 2026

Actor IK Ogbonna finally breaks silence on Alex Ekubo’s death

July 16, 2026
About Us
About Us

Daily Newshub is a general interest online newspaper with bias for reporting the news behind the news cutting across Politics, Business, Economy, General Interests, Crime and Human Interest stories, Features/Opinions, City, Entertainment and Sports.

© 2026 Daily News Hub. All Rights Reserved. Designed by DeedsTech.
  • About Us
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.