The 2025 proposed budget reveals significant expenditures by Nigeria’s Presidency, including an N8.6 billion allocation for the overhaul of presidential air fleet engines. This covers the cost of N5.5 billion for 5N-FGW engines and N3.1 billion for Falcon 7x engines, all managed by the office of the National Security Adviser (NSA).
Concerns about resource management are heightened by the N150 billion jet purchase controversy and substantial debt servicing costs of N7.9 trillion from Q1 to Q3, 2024. With retained revenue at N6 trillion from January to September, Nigerians question fiscal prudence amidst ongoing revenue scarcity.
Key Takeaways:
- Overhaul and maintenance of Nigeria’s presidential air fleet cost billions.
- Controversies arise around a N150 billion jet purchase under President Tinubu’s administration.
- Government debt servicing stood at N7.9 trillion with revenues lagging at N6 trillion.
Is the expenditure justified, or should Nigeria focus on more pressing economic concerns? Join the conversation by sharing your thoughts! For more details, visit Sahara Reporters.
