Tuesday, September 25, 2012

Private Jet Ownership In Nigeria Increased From 20 To 150 In The Last Five Years

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It has been reported that private jet ownership in Nigeria has grown by 650% in Nigeria- from 20 jets in 2007 to over 150 jets in 2012.
This basically means that more wealthy Nigerians have acquired about 130 private jets with a sum of N1.02tn ($6.5bn) within the last five years.

We all know that private jets don't come cheap at all. It is said to cost between $40m and $65m or more, and are owned by top politicians, oil magnates and business moguls. Nigeria currently rivals China as one of the two fastest growing private jet markets in the world.
Nigeria today is ranked as one of the world's poorest countries, yet has a few of its citizen ranked as some of the world's richest men. Talk about ironies of life.

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