Re-fleeting: NCAT to save N75m on fuelling annually - Rector
The Rector of the Nigerian College of Aviation Technology (NCAT), Zaria, Capt. Abdulsalami Mohammed, has said that the completion of the re-fleeting programme which will lead to replacement of the institution’s old aircraft would save it at least N75m annually on fuelling alone.
The rector told our correspondent exclusively that the new aircraft would improve the college’s training efficiency as well as substantially reduce its overhead cost.
“Currently, Avgas comes to us at about N1000/litre. While Jet A-1 is about N250/litre, we spend about N100 million on Avgas annually. That means an annual
United Bank for Africa (UBA) Plc has rewarded 100 bumper account customers with N100, 000 each at a raffle draw in Lagos
The ‘UBA Bumper Account’ is a hybrid account, targeted at transforming the lives of its customers, offers account holders an opportunity to win cash prizes of up to N2 million. Speaking during the launch and monthly draw event in Lagos , the Group Head, Retail Banking, Jude Anele said, the Account was created with the customer in mind.
He said: “We have in recent times deepened our focus on the most important aspect of our business – the customers we serve. Hence, our huge investment in technology to make banking easier and seamless, even as we introduce new offerings such as this Bumper Account, saving of about N75m.
“We hope to place the orders annually. Due to budgetary constraints, it may take 3-4 years to complete the orders’’, the NCAT CEO said.
According to available data on the re-fleeting programme, the $20 million programme will enable NCAT to acquire 15 Diamond DA40NG (single engine) and 5 DA42NG (twin engine) aircraft.
The Diamond aircraft meets with the College’s requirements for modern aircraft as they run on Jet A1 fuel and are equipped with Electronic Flight Instrument System (EFIS). Already the college has procured seven of the aircraft (one twin engine and six single engines). that will deliver improved value to stakeholders. The banker explained that new and existing customers of the bank needed to ensure they have a minimum deposit of N5,000 in their UBA Bumper Account to qualify for draws.
In the first draw which was held live during the official launch in Lagos, a total of 100 customers emerged winners as Wande Coal entertained guests with his famous hit songs to the delight of all. “From here on, lucky customers will win from N10,000 to N2 million each in the monthly, quarterly and targeted draws.
“No fewer than 50 account holders will get a whopping N2 million each across all participating regions. This account is open to both existing and new customers of the bank who save a minimum of N5,000”, Anele assured.