President Muhammadu Buhari said Wednesday he was selling two presidential planes out of a fleet of 10 to cut costs during Nigeria's severe economic recession.
The sale was meant "to cut down on waste," said presidential spokesman Garba Shehu.
A Falcon 7x executive jet and a Hawker 4000 plane are being advertised in various newspapers, according to the spokesman.
Africa's largest oil exporter slumped into a recession in late August after its economy declined for two consecutive quarters.
The downturn was caused by a sharp contraction in the oil sector, chronic electricity shortages and a currency that quickly depreciated as global oil prices tumbled.
Crude oil makes up more than 90 per cent of the West African nation's export earnings.