Nigerian Aviation Industry Roaring Back to Life In 2018. Sustainable Growth?

Nigerian Aviation Industry Roaring Back to Life

Africa’s most populous nation, Nigeria, houses around 180+ million individuals shared across the countries 923,768 km2 area. Africa’s economic giant has a Gross Domestic Product (GDP) of $594.257 billion but despite all this impressive economic growth, the Nigerian aviation sector contribute just a small portion of the country’s GDP in the last decade because of the industrial decay the sector face and the fact that the countries national carrier is out of service but the face of all this is about to change in few months to come. Why?

A report by ThisDay reporter from Abuja Kasim Sumaina:
The federal government through the Minister of State for Aviation, Senator Hadi Sirika, Wednesday (18th of July, 2018) revealed the branding and livery for a new national flag carrier, Nigeria Air, due to be launched at the end of this year.
Sirika disclosed this at a press conference at the Farnborough Air Show in London, UK.
Sirika, in a statement by the Ministry’s Deputy Director, Media & Public Affairs, Mr. James Odaudu, in Abuja, noted that: “The ‘unveiling’ was attended by a cross-section of the international press, Nigerian dignitaries, stakeholders, aircraft manufacturers, prospective investors and a Nigerian government delegation including S. Zakari, Permanent Secretary, Federal Ministry of Transportation; Senator Adamu Aliero, Chairman, Senate Committee on Aviation; and Hon. Nkeiruka Onyejeocha, Chairperson, House Committee on Aviation, and included a short film showing an aircraft with the new Nigeria Air livery.
According to him, “I am very pleased to tell you that we are finally on track to launching a new national flag carrier for our country: Nigeria Air.

We can categorically sense some form of rebirth of the Nigerian national carrier, although this time with different face because the carrier will not be government own as the previous cases, this time around the carrier will be privately led by investors while the government will not have more than 5% of the carriers share, and this gives hope to Nigerians that things will work out this time around because private investors will not risk their assets.

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