How FG spent N5bn on presidential fleet in 15 months

The figure includes personnel costs, overheads and capital expenditures; out of the N5.19bn appropriated for PAF in the 2015 budget

Amount released for PAF by the Office of the AGF between May and November 2015 – N2.3bn

Amount claimed by PAF to settle outstanding liabilities carried over from 2014 – N1.35bn

Amount refunded to NSA for financial support rendered for maintenance prior to release of funds – N500m

Amount spent on personal medicals and overheads – N85m

Amount spent on training – N165.37m

Amount spent on aircraft maintenance, spare and subscription services – N99.7m

Amount spent on operations – N98.5m

Estimated projections by aviation experts

Using the official interbank market rate of dollar, N19.9bn ($65.13m) is likely the amount spent between May 29, 2015 & August 29, 2016 to maintain the PAF at N305.5/dollar

Cost of some PAF aircraft

Combined estimated value of Nigeria’s PAF - $347.4m (N106.13bn)

Boeing Business Jet - $59m

Gulfstream 550 - $53.3m

Each of the two Falcon 7X jets - $51.1m

HS 4000 - $22.9m

Agusat Westland 101 - $21m

Agusta Westland - $12m

*FG – Federal Government

*PAF – Presidential Air Fleet

*NSA – National Security Agency