WEALTHY NIGERIANS HAVE SPENT N1TRILLION ON PRIVATE JETS

Punch Newspaper ran an article about the Government’s plant to introduce a luxury tax for owners of Private Jets in Nigeria. Whilst I find that rather contentious, I was more drawn to a an important information that was revealed.

“Private jet ownership in Nigeria grew by 650 per cent from 20 in 2007 to over 150 jets in 2012. Some wealthy Nigerians had acquired at least 130 private jets with a sum of N1.02tn ($6.5bn) in the last five years, it was gathered”.