Thursday, June 12, 2025
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result
adron ad

PMB Seeks Inclusion Of $496m Aircraft Fund In 2018 Budget

metronews by metronews
April 25, 2018
in News
0

President Muhammadu Buhari has requested the House of Representatives to input the sum of N151, 394, 421, 335.00 in the 2018 Appropriation Bill, which is currently being considered by the National Assembly.

This, according to the President is part of the $1 billion approved to be released and utilised from the Excess Crude Account by the National Economic Council in December 2017.

The president, in a letter dated April 13, 2018, noted he granted an anticipatory approval for the release of the fund, for the purchase of a Super Tunaco Aircraft under the direct Government-to-government arrangement with the United States of America.

According to the letter, the anticipatory approval was granted in expectation that the National Assembly would not object to the purchase of the specialised aircraft.
The president, who said that Nigeria had for a number of years been in discussions with the United States government for purchase of the Aircraft, explained that the approval was finally granted by the United States government, but with a deadline within which part payment must be made, otherwise, the contract would lapse.

However, members of the House of Representatives yesterday threatened to impeach the president over the anticipatory approval.

The members alleged that the payment was done in clear breach of the constitution.
Speaker of the House, Yakubu Dogara had after a two hours executive session of the House read the president’s communications to his colleagues.

“In the expectation that the National Assembly would have no objection to the purchase of this highly specialised Aircraft, which is critical to national security, I granted anticipatory approval for the release of $496, 374, 470. This was paid directly to the Treasury of the United States Government.

I am therefore writing, seeking approval of the House for the sum of $496, 374, 470 (Equivalent to N151, 394, 421, 335.00) to be included in the 2018 Appropriation Bill, which the National Assembly is currently finalising.”

Previous Post

Okada riders shut down Ekiti, drum support for Fayose’s deputy

Next Post

What victim of sex-for-mark told panel – Counsel

Related Posts

Democracy Day Celebration: Babajide Omoworare Extols The Virtues of June 12 and the Triumph of Democratic Resolve; Calls For Renewed Patriotism and Responsible Governance
News

Democracy Day Celebration: Babajide Omoworare Extols The Virtues of June 12 and the Triumph of Democratic Resolve; Calls For Renewed Patriotism and Responsible Governance

June 12, 2025
June 12: Lagos Speaker Praises President Tinubu’s Achievements, Calls for Civic Engagement
News

June 12: Lagos Speaker Praises President Tinubu’s Achievements, Calls for Civic Engagement

June 12, 2025
Northern Elders infrastructure exclusion
News

Northern Elders Accuse Tinubu Government of Infrastructural Bias Against North

June 11, 2025
Next Post

What victim of sex-for-mark told panel – Counsel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • #SmartLagos
  • Accident
  • Aviation
  • Award
  • Banking
  • Basketball
  • Beauty
  • Boxing
  • Brands
  • Breaking
  • Business
  • Careers
  • Community development
  • Crime
  • Culture
  • Default
  • Domestic violence
  • Economy
  • Education
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Fashion
  • Featured
  • Finance
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Law
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • nolly wood
  • Nollywood
  • Novels
  • Odawood
  • Oil&Gas
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Security
  • Sex
  • Society
  • Sports
  • Tech
  • Technology
  • Travel
  • TV
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria #EndSARS Adams Oshiomhole APC ASUU atiku Atiku Abubakar boko haram Buhari Bukola Saraki business CBN court COVID-19 crime davido ECOWAS Edo Election Edo State Election efcc Featured FG Goodluck Jonathan gunmen INEC Kayode Fayemi Lagos Lagos State Muhammadu Buhari NCDC NDLEA news Niger Nigeria NLC Obaseki PDP police politics President Buhari Sanwo Olu senate tinubu wike Yemi Osinbajo


Recent News

  • LAGOS DEEPENS GLOBAL PUSH FOR ADIRE, AFRICAN FASHION
  • Democracy Day Celebration: Babajide Omoworare Extols The Virtues of June 12 and the Triumph of Democratic Resolve; Calls For Renewed Patriotism and Responsible Governance
  • June 12: Lagos Speaker Praises President Tinubu’s Achievements, Calls for Civic Engagement
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.