500 Billion Naira spent on Jets in Nigeria

The acquisition of private jets by Nigerians, for business or pleasure, has increased in the last three years, according to the president of the National Association of Aircraft Pilots and Engineers. He said in the last one year, the number of private jets acquired by wealthy Nigerians have more doubled. 123 Nigerians which includes billionaire business men like Mike Adenuga, Ifeanyi Ubah, Aliko Dangote, Bishop Oyedepo, Pastor Enoch Adeboye, Peter Odili, Nduka Obaigbena, ex bank MDs, politicians, business moguls, oil companies and banks have spent over N500 billion buying very expensive private jets.

In the last one year, at least five Hawker 900 XP jets have been bought and each cost $14.9million. Five 800 XP at $13 million and at least two Hawker 4000 at $21 million have been bought.

Many of these private jets are parked at the apron near Arik Air hanger and at the General Aviation terminal near Aero Contractor's terminal. It costs at least N80 million to maintain these jets annually and over 500 expatriate pilots and engineers working on these private jets. 

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