Nigerian Airforce Puts Up Presidential Jet For Sale 

The Nigerian Air Force on Monday asked interested persons to submit their bids for the acquisition of the Presidential aircraft, Falcon 900B.

“The Federal Government of Nigeria has approved the sale of Falcon 900B aircraft owned by the Nigerian Air Force (NAF),” the Airforce said in a flier.

The announcement post read  “In compliance with provisions of the Public Procurement Act 2007, the NAF hereby invites all interested parties to submit bids for the purchase of the aircraft. The bids can be submitted by email or physically.” 

In a move to make the bidding process transparent, the NAF urged interested parties to encode their proposals before sending them to the official email address for the sale dproc@airforce.mil.ng while the passwords should be sent separately to dproc2@ airforce.miI.ng

Bids for the acquisition can be submitted physically, and quotations are to be enclosed in envelopes and sealed while the envelopes are to bear the name and address of the interested company/entity as well as the description and reference for the request. It should also bear ‘DO NOT OPEN BEFORE 24 DECEMBER 2023. 

It’s uncertain why the presidential aircraft has been put up for sale, however, president Tinubu hinted that the  2024 budget would seek to cut down financial loopholes. From this move, one could infer from the budget that economic recovery is top priority for this administration. In addition to attaining macroeconomic stability, job-rich economic growth, an improved investment climate, and increased human capital development, the budget aims to reduce poverty and strengthen access to social protection.

The government has established a revenue target of 18.3 trillion naira for 2024 in order to accomplish this. If this goal is accomplished, there will be a smaller budget deficit, and debt servicing expenses will represent only  45% of anticipated revenue, down from 98% of this year. By 2030, Tinubu wants to pull 100 million Nigerians out of poverty and double the size of the continent’s largest economy to $1 trillion.