• Contact Us
  • About Us
Sunday, August 30, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Nigeria plans to set up national airline, develop aviation capacity

metro by metro
May 3, 2017
in Economy
0
0
SHARES
0
VIEWS

Nigeria has appointed advisers to help it set up a national airline and develop its aviation infrastructure — currently seen as a barrier to economic growth — to create a hub for West Africa, junior aviation minister Hadi Sirika said on Wednesday, reports  Reuters.

Sirika said a group of six firms including German carrier Lufthansa would advise the government on setting up an airline, an aviation leasing company and a maintenance hanger, and on creating concessions to run the country’s airports.

Read Also

Nigeria’s Inflation Falls To 15.43 As Worries On Food Prices Remain

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

A cabinet meeting on Wednesday chaired by Vice President Yemi Osinbajo had approved 1.52 billion naira ($4.99 million) of funding for the project, he added.

President Muhammadu Buhari, who promised a national airline when campaigning for election, did not attend the weekly meeting, fuelling concerns about the state of his health.

Decades of neglect and lack of investment have left Nigeria with low-quality infrastructure that is seen as a hurdle to prosperity and the government has already said that upgrading it will require private investment.

The government set up a committee on establishing a national airline in 2015, in fulfillment of the campaign promises which brought Buhari’s All Progressive Congress (APC) to power.

An APC transition paper seen by Reuters in 2015 had proposed merging a dozen debt-laden airlines on the books of state-owned “bad bank” AMCON into a single carrier that would partner with a global airline to serve the West and Central African region.

The single carrier would include Nigeria’s biggest airline, Arik Air, which AMCON took over in February.

AMCON has said it has no plans to convert Arik into a national carrier and that the government has no interest in doing so other than to ensure that the airline continues to fly.

Previous Post

Banks to deduct stamp duty for Dec 2016 transactions in May 2017

Next Post

EFCC to Ekweremadu: Sleep easy if not a looter

Related Posts

More Nigerians Go Hungry As Food Prices Soar beyond Average Consumers
Economy

Nigeria’s Inflation Falls To 15.43 As Worries On Food Prices Remain

August 17, 2026
ICPC Arrests NSCDC Deputy Commaandant Over Alleged N3bn Fraud
Economy

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

August 13, 2026
Leadership Deficit And Political Crises Rocking ECOWAS Region
Economy

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

August 12, 2026
Debt Crisis Hits New Highs In Developing Nations, Relief Deal Needed, Says UN
Economy

Amid Rising Revenue FCT, Lagos, Rivers Aaccount For 43% Of Nigeria’s N4.52trn States’ Debt

August 10, 2026
Next Post

EFCC to Ekweremadu: Sleep easy if not a looter

Rival Factions Stand Off In Niger Capital After Mutineers Attack Airport, Presidency

Rival Factions Stand Off In Niger Capital After Mutineers Attack Airport, Presidency

August 29, 2026
Attackers Target Niger’s Niamey Airport, Presidency Perimeter

Attackers Target Niger’s Niamey Airport, Presidency Perimeter

August 29, 2026
Concerns Over FG’s Approval Of Kogi’s Bid To Build International Airport In Zariagi

KOGI STATE @ 35 YEARS: THE JOURNEY SO FAR!

August 29, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version