Connect with us


BIG STORY

Presidential Air Fleet Underfunded, Owing Debts — Fleet Commander

Published

on

The presidential air fleet (PAF) says its budgetary allocation in the past few years is insufficient to fund its operations.

Abubakar Abdullahi, commander of the fleet, spoke on Thursday when he received members of the house of representatives committee on national security and intelligence who were on an oversight visit to the base in Abuja.

Abdullahi, who was represented by Ahmed Dari, the operations officer, said in 2021, the fleet submitted a total budget of N18,767,393,235 but only N12,550,18,732 was approved, while N10,907,642,492 was released as of December 2021.

Dari said in 2022, the fleet proposed the sum of N19,479,313,645, but N12,476,607,142 was approved in the national budget.

He explained that the total releases to the fleet as of November 2022 comprise 99.83 percent of personnel cost, 94 percent of overhead, and 99.99 percent of capital cost — amounting to the sum of N11.13 billion which is 98.07 percent of the total fund approved.

Debts Owed To Foreign Service Providers’

For 2023, Dari said the fleet requires the sum of N15,522,357,626 out of which N438,571,562 is for personnel cost; N11,641,170,764 is for overhead cost; while N3,442,615,300 is for capital expenditure.

“Please note that the shortfall in the overhead cost usually affects aircraft maintenance activities in the fleet. The inadequacy of this provision was brought to the attention of the respected committee as it has always been during the budget defence and oversight visit,” he said.

“I wish to bring to your attention that aircraft maintenance which accounts for 46 percent of the overall budget proposal is an integral part of the overhead cost. Consequently, the shortfall of the overhead greatly affected aircraft maintenance activities in the fleet. Some mandatory upgrades were carried out on a credit basis on the fleet’s longstanding relationship with maintenance companies while others have been moved to the year 2023 budget.

“This committee may wish to note that the quality of aircraft maintenance conducted is directly proportional to flight safety and it is critical to the importance of safe operations in the fleet.

“It is important for this committee to note that for successive years, the fleet has been grossly underfunded which has made it difficult to operate. From the fleet records, debts from preceding years are usually carried over to the following year and this has become the tradition.

“Permit me to also state that most of these debts are owned by service providers overseas. Considering that over 85 percent of the fleet expenditure is forex, the actual budget figure in dollars is further diminished.

“It is important to note that the average age of the presidential air fleet aircraft is 11 years and in aviation, maintenance increases proportionately with the age of the aircraft. Based on the fleet experience, the cost of maintaining each aircraft ranges between $1.5 million to $4.5 million depending on the level of maintenance.

“Additionally, the year 2023 is an election year which translates to more missions and space requests for the aircraft due to increased usage.”

We Will Assist You’ — Lawmakers

In his remarks, Sha’aban Sharada, chairman of the committee, said the lawmakers are aware of the constraints faced by the presidential air fleet and will intervene to address the challenges.

“We are not unaware of the challenges that you face,” he said.

“In your earlier submission, that aeroplane maintenance accounts for 46 percent of your overhead cost. Thank you for carrying out your responsibilities with utmost patriotism and diligence despite the obvious constraint that confront you.

“The committee will do what it can to assist the fleet in addressing these challenges.”

The committee also visited the National Intelligence Agency (NIA) where it inspected the facilities in the complex.

 

Credit: The Cable

BIG STORY

NCC Unveils Initiative To Combat Fraud, Spam Messaging

Published

on

The Nigerian Communications Commission has unveiled a draft regulatory framework aimed at addressing fraud, spam, and other challenges in the “Application-to-Person” messaging sector.

The telecom regulator made this announcement in a statement on Friday.

The proposed framework was introduced during a virtual Stakeholders’ Forum, a key step towards enhancing the sector’s integrity and ensuring a fair, transparent environment for all parties involved.

The draft framework, presented by the acting Head of Legal and Regulatory Services at the NCC, Mrs. Chizua Whyte, on behalf of the Executive Vice Chairman, Dr. Aminu Maida, seeks to regulate the A2P messaging space.

A2P messaging, used for notifications such as bank alerts, promotional campaigns, and government updates, has become a vital communication tool in Nigeria.

However, the sector faces significant challenges, including consumer protection concerns, fraud, and data privacy issues, as well as an unequal distribution of value within the ecosystem.

“The international A2P messaging space in Nigeria faces gaps that have led to issues such as fraud, spam, and data privacy concerns. These challenges threaten the sustainable growth of this communication tool,” the NCC said.

The regulator emphasised its commitment to fostering innovation while ensuring a secure, transparent environment for businesses, consumers, and service providers.

The proposed framework aims to address these challenges by protecting consumers, promoting fair competition, and holding service providers accountable.

“This forum marks a pivotal step towards addressing these challenges,” the NCC said. “We are here to engage with all stakeholders—operators, aggregators, businesses, service providers, and consumers—to refine the framework and ensure it meets the needs of the entire ecosystem.”

The NCC stressed the importance of inclusivity and collaboration in creating an effective regulatory environment.

The commission’s efforts are focused on promoting a sustainable A2P messaging ecosystem that enables business innovation, enhances communication efficiency, and supports Nigeria’s socio-economic growth.

Stakeholders were encouraged to provide feedback and contribute ideas during the forum to help shape the final framework.

The NCC reiterated its commitment to creating a regulatory environment that supports innovation while safeguarding the interests of all stakeholders in the A2P messaging sector.

For further updates, the NCC urged stakeholders to remain engaged throughout the regulatory process, stressing the importance of cooperation in shaping the future of A2P messaging in Nigeria.

Continue Reading

BIG STORY

JUST IN: Oil Marketers Reduce Petrol Price By 11.8% To N939.50 Per Litre

Published

on

Oil marketers sourcing “Premium Motor Spirit”, “PMS”, also known as petrol, from the Dangote Petroleum Refinery have reduced the price by 11.8 percent to N939.50 per litre, down from N1,060 per litre.

As of Thursday, December 19, petrol was still being sold at N1,060 per litre in Lagos and surrounding areas.

However, by Friday, MRS, a leading marketer, along with others, had adjusted their prices, now selling at N939.50 per litre.

It’s worth noting that the Dangote Petroleum Refinery had earlier lowered the ex-pump price of petrol to N899.50 per litre, down from N970 per litre.

According to the refinery, this price reduction is intended to offer much-needed relief to Nigerians ahead of the holiday season.

Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, made this announcement.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on “PMS” (“petrol”). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Chiejina said.

‘‘Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

 

More to come…

Continue Reading

BIG STORY

EFCC Allocates N18bn For Allowances, N5bn For Travels In Proposed 2025 Budget

Published

on

The Economic and Financial Crimes Commission (EFCC) has announced plans to allocate N18 billion for allowances in 2025.

This figure is part of the proposed 2025 budget currently under consideration and awaiting approval by the national assembly.

As per the appropriation bill, the EFCC’s total budget for 2025 stands at approximately N62.2 billion.

This budget includes personnel costs (N38.6 billion), overheads (N20.9 billion), and capital expenditure (N2.2 billion).

Within the allowance budget, N1.7 billion is designated for “non-regular allowances,” while “regular allowances” are set at N16.7 billion.

Other proposed expenditures for the EFCC include welfare packages (N1.4 billion), fuel and lubricants (N2 billion), financial charges (N1.2 billion), construction and provision of office buildings (N1.1 billion), and maintenance services (N2.1 billion).

The EFCC also plans to allocate N4.9 billion for “local travel and transport,” with “international travel and transport” expected to cost N1.7 billion.

The proposed budget includes N800 million for the purchase of fixed assets.

On Wednesday, President Bola Tinubu unveiled the N49.7 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity.”

In his address to the national assembly, Tinubu stated that it was time “we rewrite Nigeria’s narrative together.”

The primary focus of next year’s budget will be the defence, infrastructure, health, and education sectors.

Continue Reading



 

Join Us On Facebook

Most Popular