The new presidential aircraft purchased in August last year by the Bola Tinubu administration has been secretly flown to South Africa for refurbishment and upgrades since January.
Since February 2025, Tinubu has been using a San Marino-registered BBJ (REG: T7-NAS) because the primary aircraft had been flown to South Africa to change its livery to reflect the office of the President.
While in South Africa, the body of the aircraft will be redesigned to reflect our national colours of green and white.
The retrofitting of this aircraft is happening despite a World Bank report that projected that poverty in Nigeria will rise by 3.6 percentage points over the next five years.
According to a verified report, above N20.03bn was spent on the maintenance and operations of the Presidential Air Fleet from July 2023 to December 2024.
GovSpend, a civic tech platform that tracks and analyses the Federal Government’s spending, revealed that for 2024, the payouts amounted to N14.15bn, representing 71 per cent of the allocations for the fleet in the 2024 fiscal year.
Most disbursements were labelled ‘Forex Transit Funds,’ usually funds allocated for foreign exchange requirements to facilitate international transactions and engagements.
For the Presidential Air Fleet, such funds cover expenses related to operations abroad, including fuel purchases, maintenance or services in foreign currencies.
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In July 2023, N1.52bn was disbursed in two tranches of N846m and N675m for ‘Presidential air fleet forex transit funds.’
The following month, N3.1bn was disbursed in three tranches of N388m, N2bn, and N713m for the same item. In November of that year, N1.26bn was released to the Presidential Air Fleet naira transit account.
The first overhead for 2024 was in March, when N1.27bn was disbursed twice, amounting to N2.54bn. The transit account received N6.35bn in April, N4.97bn in May and N210m in July.
In August, N5.60bn was released in six separate disbursements, the highest frequency that year. The monies were paid into the Presidential Air Fleet naira transit account, including a N168m transfer made on September 11 and 19. From December 7 to 24, 2025, N469.72m was released in eight tranches.
In April, the transit account received N5.08bn; this came around the same time the President was on a two-nation tour to the Netherlands and Saudi Arabia.
The new Airbus A330 is just one of several aircraft currently on the Presidential Air Fleet, arguably one of Africa’s largest, with around 11 aircraft of various makes and models.
Until August, it comprised the 19-year-old B737-700 (BBJ) and a 13-year-old Gulfstream Aerospace G550. The BBJ was acquired during the tenure of former President Olusegun Obasanjo at $43m, but became a money guzzler as it aged.
The presidential fixed-wing fleet includes a Gulfstream G500, two Falcon 7Xs, a Hawker 4000, and a Challenger 605. Three of the seven fixed wings are reportedly unserviceable.
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The rotor-wing fleet includes two Agusta 139s and two Agusta 101s, all operated by the Nigerian Air Force but supervised by the Office of the National Security Adviser.
Since 2017, budgetary allocations for the PAF have shown a growing trend, with one exception in 2020. The allocation for the fleet increased from N4.37bn in 2017 to N20.52bn in 2024, showing a 370 per cent rise in running costs. In 2022, maintenance expenses for each aircraft ranged from $1.5m to $4.5m annually.
In 2018, the fleet’s budget rose significantly by 66.13 per cent to N7.26bn, driven by a substantial increase in capital project allocations while maintaining similar levels for recurrent costs. This upward trajectory continued into 2019, slightly increasing the total allocation to N7.30bn.
The exception came in 2020, when the budget dropped by nearly 7 per cent to N6.79bn, primarily due to decreased overhead costs, a reflection of the global economic impacts of lockdowns and disruptions in operations.
By 2021, however, the budget surged dramatically to N12.55bn—a record increase of 84.83 per cent from the previous year. The 2022, 2023 and 2024 appropriation acts earmarked N12.48bn, N13.07bn and N20.52bn, respectively.
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