Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

FG To Sell Three Presidential Aircrafts To Cut Expense.

Bello Akin by Bello Akin
June 21, 2024
0
FG To Sell Three Presidential Aircrafts To Cut Expense.
Share on FacebookShare on TwitterShare on Whatsapp

In a move aimed at curbing unnecessary expenditures, the federal government has announced the sale of three older presidential aircrafts. This decision is part of a broader strategy to manage the costs associated with maintaining the country’s executive fleet, according to a report by a source.

The initiative comes on the heels of recommendations from lawmakers who have scrutinized the financial burden of the current fleet. A government official, speaking on condition of anonymity, confirmed the plan but emphasized the financial constraints facing the administration.

“We have reviewed the report and the lawmakers’ recommendations. However, the reality is that we cannot afford to purchase two new aircrafts simultaneously, even with the proceeds from selling the older ones. The current approval is to identify a single aircraft with a manageable cost that can be partially funded through the sale of the existing planes,” the official stated.

The government has already received two offers for the Boeing Business Jet (BBJ) and one for the Falcon X. Despite these offers, the National Security Advisor (NSA) has urged caution. “The NSA has stressed the importance of negotiating a better deal. We cannot afford to rush into an agreement that might not be favorable for the government,” the source added.

This strategic sale is expected to streamline the presidential fleet, ensuring it remains cost-effective while meeting the necessary operational requirements. The government is currently in the process of evaluating the offers to ensure the best possible outcome from the sales.

More News...

LSCDAC Honours Ojodu LCDA Chairman, Hon. Segun Odunmbaku, with Merit Award For Community Service

LSCDAC Honours Ojodu LCDA Chairman, Hon. Segun Odunmbaku, with Merit Award For Community Service

Meet Eyesan, the amazon tapped to lead Nigeria’s upstream oil regulator

Meet Eyesan, the amazon tapped to lead Nigeria’s upstream oil regulator

AGBOYI-KETU LCDA CHAIRMAN PRESENTS 2026 “BUDGET OF A NEW DAWN”

AGBOYI-KETU LCDA CHAIRMAN PRESENTS 2026 “BUDGET OF A NEW DAWN”

Oyetola’s candidate wins Osun APC primary, Omisore absent

Oyetola’s candidate wins Osun APC primary, Omisore absent

The Kalahari Red Goat, A Truly Special Breed

The Kalahari Red Goat, A Truly Special Breed

My Nigerian mother and English father taught me the meaning of hard work long before I understood it.

My Nigerian mother and English father taught me the meaning of hard work long before I understood it.

TWINFEST AFRICANA 2025 TEAM VISITS MILIKI 101.3 FM, FORGES PARTNERSHIP AND COLLABORATION AHEAD OF EVENT

TWINFEST AFRICANA 2025 TEAM VISITS MILIKI 101.3 FM, FORGES PARTNERSHIP AND COLLABORATION AHEAD OF EVENT

Dangote, India, and the Burning Mirror: A Nigerian Tragedy Reflecting Africa’s Deeper Crisis

Dangote, India, and the Burning Mirror: A Nigerian Tragedy Reflecting Africa’s Deeper Crisis

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters