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NIGERIA SELLS PRESIDENTIAL JETS

 

presidential spokesman Garba Shehu said that Buhari is reducing the number of planes in his fleet to trim expenses. In a statement released late on Tuesday,  The spokes person of President Muhammadu Buhari has said Nigeria is selling two of its ten presidential jets in order to cut down cost, the 7X executive jet and Hawker 4000 are to appear in newspapers, Garba Shehu said, other presidential aircrafts are being handed to the Nigerian air forces to boost its operations. Buhari’s administration regularly accuses the previous administration of stealing “mind-boggling” sums of state money, blaming the former regime for the severe economic crisis in the country. Nigeria has passed an expansive budget to stimulate growth and develop infrastructure, but experts say Buhari has been unable to secure enough financing to kick start a quick recovery.”Nigeria still lacks a decisive plan to combat the recession,” Eurasia Group, a political risk consultant company, said in a note earlier this week. “Government revenues will remain weak in 2016 due to both weak tax receipts as businesses struggle amid the recession and lower oil revenues as pipeline attacks hit production. Rebels in Nigeria’s southern delta have been attacking oil infrastructure since the beginning of the year as they fight for greater regional autonomy and a bigger share of the country’s oil revenues.

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