Would you like to receive notifications on latest updates of the following headlines?

Aviation Minister Reveals N1Billion Expenses On Faan Officers

POSTED ON February 1, 2024 •   Business      BY Oluwakemi Ademuyiwa

The Minister for Aviation and Aerospace Development, Festus Keyamo has shared an internal finance secret that nothing less than N1 billion has been spent on traveling fees for airport officers.

Keyamo gave the revelation on Thursday while noting that the Nigerian Government allocates a staggering N1 billion annually for Duty Tour Allowance (DTA) and air tickets for officers of the Federal Airports Authority of Nigeria (FAAN) shuttling between Abuja and Lagos.

It should be noted that the aviation minister had made a comment on Channels Television  that N500 million was spent annually but he returned today to retract his statement. 

According to him, FAAN workers incurred expenses of N493,678,620.37 for DTA and N451,058,950.09 for air tickets in 2023 alone.

“When I did my Channels TV interview yesterday, I was not briefed about the amount FAAN spent last year alone on DTA (Duty Tour Allowance) for the principal officers who travelled back and forth from Lagos to Abuja almost daily.

“The amount came up to N493,678,620.37. Aside from the air tickets, which I mentioned amounted to N451,058,950.09.

“So, in total, because of insistence on naming Abuja as the headquarters of FAAN (when there are no offices in Abuja to accommodate all the principal officers), FAAN spent close to N1 billion in one year,” Keyamo emphasized.

Despite opposition from certain quarters, the minister reiterated the Federal Government's decision to relocate the FAAN headquarters from Abuja to Lagos. He had initially announced this decision on January 19th, 2023. The move aims to address operational inefficiencies and streamline resources, with the minister standing firm on the relocation despite opposition.

Would Nigeria incur more expenses in the aviation sector in the year 2024 or would the status quo be maintained?

READ ALSO
Trade Tensions Rise as South Korea and U.S. Prepare for Key Discussions
BY Abiodun Saheed Omodara May 16, 2025 0

AFP - South Korea is prepared to restart tariff discussions with Washington during an important APEC...

READ ALSO
Sanwo-Olu Establishes Apapa Central Business Office to Enhance Infrastructure, Business Climate
BY Abiodun Saheed Omodara May 15, 2025 0

Lagos State Governor, Babajide Sanwo-Olu, has sanctioned the creation of the Apapa Central Business...

READ ALSO
NBS Reports April 2025 Inflation Rate Falls to 23.71%, Highlighting Food Safety Risks
BY Abiodun Saheed Omodara May 15, 2025 0

The inflation rate for April 2025 dropped to 23.71 percent, down from 24.23 percent in March 2025, m...

READ ALSO
Nasarawa Assembly Enacts Mining Bill to Ensure Compliance and Community Welfare
BY Abiodun Saheed Omodara May 14, 2025 0

NASARAWA, Nigeria - The Nasarawa House of Assembly On Tuesday approved a mining bill aimed at regula...

READ ALSO
CBN Launched BVN Platform for Nigerians Living Abroad
BY Abiodun Saheed Omodara May 14, 2025 0

The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIB...

READ ALSO
Tinubu Calls for Unified Tax System to Enhance Revenue Generation and Equity
BY Abiodun Saheed Omodara May 13, 2025 0

ABUJA, Nigeria - President Bola Tinubu has reiterated his commitment to undertaking bold and compreh...

READ ALSO
World Bank: Tinubu’s Reforms Bringing Stability to Nigeria’s Economy
BY Abiodun Saheed Omodara May 13, 2025 0

ABUJA, Nigeria - The World Bank expressed approval of the federal government on Monday, noting that...

READ ALSO
SERAP Requests CBN to Reveal Local Council Allocations Before 2027 Elections
BY Abiodun Saheed Omodara May 12, 2025 0

The Socio-Economic Rights and Accountability Project (SERAP) has requested that the Governor of the...

OUR CHANNELS:

House of Representatives Advances Bill to Make Voting Mandatory for Nigerians
BY Abiodun Saheed Omodara May 15, 2025 0

Abuja, Nigeria- The House of Representatives has passed for second reading a bill seeking to am...


NANS Calls for JAMB Registrar Ishaq Oloyede's Resignation Over 2025 UTME Errors
BY Abiodun Saheed Omodara May 15, 2025 0

The National Association of Nigerian Students (NANS) has called for the resignation of Ishaq Oloyede...


Peter Obi Commends JAMB’s Accountability, Warns of Institutional Fragility Over UTME Glitches
BY ROCKETPARROT.com staff May 15, 2025 0

Former Anambra State Governor and Labour Party presidential candidate in the 2023 elections, ...


Lagos Introduces Specialized Units for Crime Prevention
BY Abiodun Saheed Omodara May 15, 2025 0

In an effort to keep Lagos secure for both its residents and visitors, the Neighbourhood Safety Agen...


UK Urges Nigerians to Combat Visa Fraud amid Surge in Applications
BY Abiodun Saheed Omodara May 15, 2025 0

Richard Montgomery, the British High Commissioner in Nigeria, has called on Nigerians to stay alert...


FOX59: Woman Fatally Shot Outside Event Center on Indianapolis East Side
BY ROCKETPARROT.com staff May 15, 2025 0

INDIANAPOLIS — A woman was shot and killed Wednesday night outside an event center on the east...


DSS vs. Pat Utomi: Legal Battle Over Shadow Government Tests Nigeria’s Democratic Boundaries
BY ROCKETPARROT.com staff May 15, 2025 0

The Department of State Services (DSS) has filed a lawsuit against Prof. Pat Utomi, a renowned eco...


Shadow Government or Civic Protest? Experts Debate What Pat Utomi's Move Really Means
BY ROCKETPARROT.com staff May 16, 2025 0

ABUJA – As the Department of State Services (DSS) seeks to shut down Prof. Pat Utomi’s s...


Will Pope Leo XIV Lose His American Citizenship? A Legal and Diplomatic Puzzle Unfolds
BY Abiodun Saheed Omodara May 15, 2025 0

VATICAN CITY – When Cardinal Robert Francis Prevost was elected Pope Leo XIV on May 8, he beca...


30% of Lagos State Employees on Study Leave Abroad Fail to Return - Commissioner
BY Abiodun Saheed Omodara May 15, 2025 0

LAGOS, Nigeria - The Lagos State government has disclosed that 30% of its employees who took study l...


More Articles

Load more...

Menu