The Federal Government has proposed to spend N7.26 billion on the Presidential Air Fleet, PAF, in the 2018 budget proposal, details by the Budget Office of the Federation have shown.
Of the amount, about N4.3 billion was proposed for recurrent expenditure, while N2.8 billion would go for capital expenditure.
The proposed expenditure is about 67 per cent higher than the N4.37 billion appropriation in the 2017 budget, which consisted of N3.97 billion for recurrent and N399.5 million for capital projects.
In the current proposal, which is subject to the approval by the National Assembly, at least N1.58 billion was set aside for the overhaul and maintenance of five aircraft on the fleet, from about N2.9 billion budgeted for capital expenditure.
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