It is estimated that politicians may spend over $500 million on aircraft charter services for the 2023 election when the Independent National Electoral Commission (INEC) gives a go-ahead for electioneering campaigns.
That is half of what was projected that All Progressives Congress (APC) and the Peoples Democratic Party (PDP) would spend during the campaigns for the 2019 election, put at $243 million. According to sources involved in charter operations, the 150 in addition to few privately owned aircraft were even more than the demand by the political parties because of the low-key campaigns.
But the normal cost of charter service prices four years ago was from $4,500 to $7000 per hour. This means that each aircraft makes an average of 90 operations in a month at an estimated cost of $6000 per trip.
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News Archive from before July 2018