Nigeria buys presidential jets, borrows to fund polls

Nigeria’s cabinet approved the purchase of three new presidential jets on Wednesday, a day after Africa’s most populous nation said it would have to raise debt to fund elections in less than six months.

President Goodluck Jonathan has not yet said whether he will contest the polls, but most Nigerians expect him to do so, particularly given recent announcements from his administration — ranging from pledges to boost power supply to building more roads — that suggest he has plans beyond next January.

He named two northern politicians from the opposition All Nigeria Peoples Party (ANPP) as junior cabinet ministers on Wednesday, in what some analysts said looked like a move to undermine the cohesion of the rival party.

The cabinet approved the purchase of two Falcon 7X aircraft from France’s Dassault Aviation and one Gulfstream G550 from the U.S. planemaker for the presidential fleet at a cost of $150 million.

“After consideration, council approved the purchase,” Information Minister Dora Akunyili told reporters after a cabinet meeting in the capital Abuja.

The first Falcon would be delivered towards the end of the year, with the second Falcon and the Gulfstream due to arrive by the second quarter of next year, after the elections.

The amount was already provided for in the 2010 budget but the timing of the announcement raised questions about the country’s spending priorities.

The announcement comes a day after lawmakers approved plans to raise 88 billion naira ($585 million) via a bond issue to pay for the electoral commission to overhaul voter lists and buy additional ballot boxes for the elections.

The timing of the polls has broadly been known since the end of military rule a decade ago, and it was not immediately clear why enough funds had not been earmarked for the Independent National Electoral Commission (INEC) in the 2010 budget.

The Business Day newspaper said the supplementary INEC budget made Nigeria’s voter registration process the most costly in the world. The daily Next newspaper questioned why 3 billion naira was earmarked for new vehicles: “Does INEC not already have vehicles,” it pondered.

RISING GOVERNMENT SPENDING

Government spending was already due to rise sharply this year. Parliament last month approved 445 billion naira in extra spending including pay rises for civil servants, doctors and professors.

That supplementary spending plan comes on top of the main 4.4 trillion naira 2010 budget, meaning Nigeria’s fiscal deficit is expected to increase beyond 5.4 percent of GDP, well above a 3 percent target set just three years ago.

The Finance Ministry has warned that government revenues, mostly from oil sales, would not be enough to fund the budget and that the OPEC member would likely have to use up its windfall oil savings or borrow more.

Parliament last month passed a constitutional amendment bringing elections forward to January, leaving little time for reforms to avoid a repeat of chaotic 2007 polls.

An electoral roll riddled with fictitious names and omitting legitimate voters was one of the main problems at the 2007 polls, which were so marred by ballot stuffing and intimidation that observers deemed them not to have been credible.

INEC has said its spending plan is largely for the purchase of 120,000 electronic voter registration machines, including laptop computers, finger print scanners, cameras and printers to issue voter cards.
Source: Reuters Africa – af.reuters.com

3 COMMENTS

  1. Na wa ooo. se na wentin remain bi this? make dey they use our money they more jet instead of making our country atleast better small. make God save us o

  2. IN ALL RAMIFICATION , IF EVERYBODY CONTINUE TO SAY HE OR SHE IS LESS CONCERNED ABOUT NIGERIA ISSUE THEN WHO WILL MAKE NIGERIA A BETTER PLACE TO LIVE? CAN ANY OF THE LEADERS IN NIGERIA BE PROUD OF OTHER PLACE BETTER THAN NIGERIA?? THEN WHY YOU ARE THERE RULING NOW WHAT HAS BEEN YOUR POSITIVE IMPACT IN MAKING THIS COUNTRY NIGERIA A BETTER PLACE FOR YOUR GROUND CHILDREN TO LIVE?? THIS IS A FOOD FOR THOUGHT !!: NOW WHAT IS THE VISION AND THE MISSION STATEMENT NIGERIAN LEADERS ARE HAVING COUPLED WITH THE AUTHENTIC GOVERNMENTAL PROGRAMME AND PLANNING WHICH WILL DRAG NIGERIA AS A NATION FORWARD?? ALL LEADERS WANT TO INVEST ABROAD WHEN WILL THEY COME TO INVEST IN YOUR OWN NATION?? THE LEADERS SHOULD PLEASE ZONE NIGERIA INTO 5 or 6 ZONES, GROUP YOUR SELVES INTO EACH OF THESE ZONES DEVELOP EACH WITH THE MONEY YOU INTEND TO WASTE . FIRSTLY DEVELOP HOME ,LATER YOU WILL SEE THAT IT IS A WASTED EFFORT TAKING AWAY WHAT YOU WOULD HAVE USED TO DEVELOP HOME TO ANY WHERE. WHAT WILL HAPPEN IF THE MONETARY VALUE IS AT PAL . A GOOD LEADER SHOULD BE A GOOD MANAGER . IF TRULY THE MONEY INVESTED ABROAD FOR THE PAST 50 years GIVE A GOOD PROFIT BY NOW EVERY NIGERIAN CITIZENS SHOULD HAVE BEEN BENEFITING FROM THAT. WHY HAVE THEY NOT LEARN TO MAKE HOME OKAY AND THEN TRAVEL ABROAD TO ATTRACT BUSINESS. HOME THIS IS ONE OF THE STRATEGIES OF PEOPLE IN OTHER PART OF THE WORLD. LEADERS, IT IS YOUR DUTIES TO BUILD NIGERIA.1) GOOD ROAD, 2) WATER FOR ALL ,AND SO ON. AT LEAST BASIC AMENITIES FOR A COMMON CITIZENS. PROMPT PAYMENT OF WORKERS, GOOD FOREIGN RESERVE AND SO ON.

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