Connect with us


Naija: The rich spend $3b yearly on flight charter



The Flight charter service sub-sector of the Nigerian aviation industry, simply known as business aviation, is estimated to be worth about $3 billion annually, airlifting the economic and political movers and shakers of the society.

At the estimated revenue, the sub-sector is rapidly on increase as many top officials of  the private sector and  government officials now patronise private jets instead of scheduled commercial airlines.

THISDAY learnt that some top government officials at both the federal and state levels only travel with private jets, which they also use to move money both locally and international. It was gathered that many of the government officials see travelling in private jets as further improvement of their security.

Although many of the aircraft used for movement was offered by party members, it has been estimated that over N200 billion was spent on charter services by both All Progressive Congress (APC) and People Democratic Party (PDP) during the electioneering campaign at a return flight of $15,000 (N3,075,000).

It is estimated that private jets clock between 40 t0 50 hours of flights daily in Nigeria.

Unfortunately  the country  and Nigerians are not yet getting the benefits of private jet operation due to ineffective regulations because most cockpit crew that operate private jets in Nigeria are foreigners, while  the private jet owners  do not pay the right  taxes to government because the jets were registered  overseas.

NCAA is yet to enforce the new policy whereby aircraft registered as privately owned would not be used for charter services, while those used for such service should register as commercial so that they would be paying the right charges to government.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now