Private Jets Owned By Nigerians Worth $3.75Billion – Says GTBank CEO

Nigeria Oil Minister, Diezani Alison-Madueke’s Son, Ugonna Madueke Onboard Jet

The Managing Director of Guarantee Trust Bank Mr Segun Agbaje, has said private jets in Nigeria are worth $3.75 billion. He added that there are over 150 private jets owned by high networth individuals in the country.

Agbaje said each category of jet costs $25m, which carries both local and international registrations.

He spoke at the Nigerian Business Aviation Conference 2013 with the theme: ‘The Emerging Market in Business Aviation organised by the Evergreen Apple Nigeria in Lagos.