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...

Rails to National Renewal: Why Nigeria Must Fix, Maintain, and Protect Its Rail Revolution

Rails to National Renewal: Why Nigeria Must Fix, Maintain, and Protect Its Rail Revolution

When Crime Becomes Terror: Why Societies Must Take a Firm Stand Against Terrorism and Kidnapping

When Crime Becomes Terror: Why Societies Must Take a Firm Stand Against Terrorism and Kidnapping

When Courage Speaks: The Day Silence Almost Renamed a Nation

When Courage Speaks: The Day Silence Almost Renamed a Nation

Historic Investiture As First Lady Oluremi Tinubu Is Honoured With Prestigious Itsekiri Title

Historic Investiture As First Lady Oluremi Tinubu Is Honoured With Prestigious Itsekiri Title

NWAOMA FOUNDATION DRIVES INCLUSION WITH IMPACTFUL OUTREACH, PARTNERS OJODU LCDA

NWAOMA FOUNDATION DRIVES INCLUSION WITH IMPACTFUL OUTREACH, PARTNERS OJODU LCDA

Lagos Strengthens Creative Infrastructure with Strategic Theatre Redevelopment Drive

Lagos Strengthens Creative Infrastructure with Strategic Theatre Redevelopment Drive

Two Paths of Separatist Agitation: Why the Cases Differ Fundamentally

Two Paths of Separatist Agitation: Why the Cases Differ Fundamentally

President Tinubu Embarks On Three-State Visit, Heads To Lagos fyor End-of-Year Holidays

Open Letter To President Tinubu By Dr. Tofunmi Ogunronbi

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