PRESIDENT TINUBU MOURNS NAF PERSONNEL IN ONDO JET CRASH, ORDERS THOROUGH INVESTIGATION OF THE MISHAP. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS STATEMENT PRESIDENT TINUBU MOURNS NAF PERSONNEL IN ONDO JET CRASH, ORDERS THOROUGH INVESTIGATION OF THE MISHAP   President Bola Tinubu has expressed profound sadness over the crash on Monday morning of a Nigerian Air Force ATR-42 jet near a naval base in the Igbokoda area of Ondo State.   The aircraft was on a routine mission from Benin to Lagos when the accident occurred.   The President extends his deepest condolences to the family of the 25 passengers and seven crew members involved, the Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, and all officers, airmen and airwomen of the Nigerian Air Force.   "This is a painful moment for our Armed Forces and for the entire nation. Our Air Force personnel put their lives on the line every day to secure Nigeria. Their sacrifice will never be forgotten."   “The Chief of Air Staff has briefed me, and I have directed the Nigerian Air Force to immediately commence a thorough investigation in...

UKRAINE ESTIMATES $565BN AS COST OF DAMAGE CAUSED BY RUSSIAN INVASION. (PHOTOS).


Ukraine Estimates $565bn As Cost Of Damage Caused By Russian Invasion

The Ukrainian government estimated Monday the economic damages losses from the Russian invasion, which has been underway for just over one month, at nearly $565 billion.
Economy Minister Yulia Svyrydenko said on Facebook that the $564.9-billion (515.8-billion-euro) estimate includes immediate damage plus expected losses in trade and economic activity.

"It should be noted that every day the numbers change and unfortunately they are increasing," said Svyrydenko, who is also a deputy prime minister.

Damage to public and private property -- with Russian forces resorting to fierce bombardments that have levelled some cities as their invasion, which began February 24, has stalled -- was the biggest element.

Svyrydenko said public infrastructure losses -- including damaged roads, railways and airports -- totalled $119 billion, while damage to private property including housing was up to $90.5 billion.
Damages and losses suffered by private firms were put at $80 billion.

Svyrydenko estimated gross domestic product in 2022 would be down by $112 billion, which would be a drop of more than 55 percent of Ukraine's economic activity last year.
Ukraine's government will likely miss out on $48 billion in tax revenue, $54 billion in foreign direct investment will likely not materialise.

AFP

Photo Credit: ForeignPolicy.
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