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HomeNewsBuhari, Osinbajo To Spend N11.92bn On Food, Foreign Trips

Buhari, Osinbajo To Spend N11.92bn On Food, Foreign Trips

The President, Muhammadu Buhari, and Vice President, would spend N11.92 billion on domestic and international travel as well as the presidential aviation fleet.

The sum also includes N1.60 billion for the repair of the Gulfstream GV and CL605 aircraft engines and N1.58 billion designated for aircraft maintenance.

On the other hand, National Assembly members would get N100 billion for constituency projects, which the Independent Corrupt Practices and Other Related Offences Commission claims have a history of corruption.

According to Sunday PUNCH, President Major General Muhammadu Buhari (retired) submitted a N20.51 trillion budget request to a joint session of the National Assembly on Friday.

The budget is nearly N750 billion higher than the N19.76 trillion proposed in the Fiscal Strategy Paper and Medium-Term Expenditure Framework for 2023–2025.

According to an analysis of the appropriations bill, the Vice President’s office would spend N846.61 million on the same item, while the President’s office will spend N2.49 billion on domestic and international travel.

The Office of the National Security Adviser is where the PAF’s budget is categorized in the document.

A new mobile helicopter landing pad will cost N650 million, while the government will spend N1.50 billion on air navigation and defense equipment.

Bank fees will cost N36.15m, while the insurance premium for the entire fleet of 10 aircraft is anticipated to cost N180m.

Since the start of the Buhari administration in May 2015, the Presidency has disclosed that the PAF retains 10 aircraft.

These include a Boeing Business Jet (Boeing 737-800 or NAF 001), two Falcons 7X, one Hawker Siddeley 4000, two AgustaWestland AW 139 helicopters, and two AgustaWestland AW 101 helicopters. There is also a Gulfstream 550 and a Gulfstream V (Gulfstream 500).

However, not all of the funds will be specifically for flights.

Additionally, Sunday PUNCH noted that N40.45 million was allocated in the PAF budget for the construction and equipping of a new presidential kitchen and crew rest area, N80.50 million for the building and equipping of a fleet defense coordination center, N120 million for the renovation and equipping of the PAF Lagos warehouse, N100.75 million for the building of six units (each with four bedrooms) for senior officers, and N100.45 million for the purchase of “one marauder vehicle for force and

Moreover, both offices will spend a combined N508,71m on food and beverages. For the positions of President and Vice-President, the amounts are N331.79 million and N176.92 million, respectively.

A more thorough analysis of the fiscal budgets for 2022 and 2023 showed a PAF allocation decrease of 54.64 percent.

For instance, in the 2022 budget proposal, the PAF budget was N12.48 billion, which is 54.64% more than the N8.07 billion allotted for the 2023 fiscal year.

In the 2022 budget proposal, 22 items were marked as either new or ongoing initiatives. These things cost N8.13 billion.

However, only nine initiatives totaling N3.44 billion were designated as new or ongoing in the 2023 plan.

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Rodrick
Rodrickhttps://www.thetrust.ng
Rodrick Emmanuel is one of the founders and editors of TheTrust.ng. He loves to share education news from various sources to keep readers informed. He is also an enthusiastic SEO writer who engineers helpful, skyrocketing content on the internet. A lifelong learner who loves to read, learn, and write.
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