In a strategic move aimed at reducing expenses, the Tinubu Administration has decided to sell off three jets from the Presidential Air Fleet (PAF).
The decision, according to the President Tinubu, forms part of a broader cost-saving initiative, given the significant financial outlay required to maintain the fleet.
Currently comprising ten aircraft, including six jets and four helicopters, the fleet will be streamlined to seven if the proposed action is implemented.
Previous attempts to sell off two planes during President Muhammadu Buhari’s tenure were unsuccessful. Despite attracting potential bidders offering initially $24 million for the two aircraft, the final offer was significantly reduced to $11 million, which was deemed unacceptable by the government at the time.
Subsequently, efforts were made to lease some of the aircraft to interested governors as a means to generate income and alleviate maintenance expenses.
The composition of the Presidential Fleet includes Boeing Business Jets (BBJ) 737, Gulfstream G550, Gulfstream G500, two Falcon 7X, HS 4000, two Agusta 139, and two Agusta 101.
The BBJ 737 serves as the Nigerian Air Force One, designated exclusively for the President’s use, equipped to function both as an office and residential quarter during official trips. Additionally, one of the helicopters is utilized for shuttle services during the President’s domestic travels.
Various high-ranking government officials, including the Vice President, governors, legislative leaders, ministers, advisors, and diplomats, utilize the remaining jets for official missions and special assignments.
According to a source, President Tinubu’s discomfort with the escalating maintenance costs prompted the directive to downsize the fleet.
The insider revealed that three aircraft have been earmarked for disposal, primarily due to their substantial maintenance expenses.
According to The Nation Newspaper, an investigation revealed that the presidency might have spent over $5 million in recent months solely on maintenance fees, with outstanding commitments yet to be settled.
Explaining the necessity of utilizing the fleet for official purposes, a source stated the challenges of air travel connectivity across some African countries, capitalizing on the fleet’s significance in facilitating efficient government operations.
The management of the fleet falls under the purview of the Office of the National Security Adviser (ONSA) to ensure effective coordination and oversight.
In another cost-saving measure, President Tinubu has imposed a three-month travel ban on publicly funded foreign trips by Federal Government officials, effective immediately.