Teaching Comparative Government and Politics

Monday, October 10, 2016

Sell luxuries to stay solvent

Buhari promised to reduce excesses.

Nigeria to sell two presidential jets 'to cut waste'

Buhari

Nigeria is selling two of its 10 presidential jets in a bid to "cut down on waste", President Muhammadu Buhari's spokesman has said…

Some of the other presidential aircraft are be handed to the Nigerian air force to boost its operations, he said.

The country is one of Africa's leading economies but it is now suffering from its worst economic crisis in years.

In a Facebook post, Mr Shehu said the downsizing of the president fleet had been a campaign promise made by Mr Buhari before his election last year…

Nigeria's economy slipped into recession in August.

The government depends on oil sales for about 70% of its revenues - and the slump in global oil prices has hit the West African nation hard…

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