• Contact Us
  • About Us
Wednesday, September 23, 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

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill

US Senate Fails To Advance Sweeping Cryptocurrency Bill In Blow For Industry

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

Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 
Economy

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

September 22, 2026
FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill
Economy

FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill

September 18, 2026
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
Economy

US Senate Fails To Advance Sweeping Cryptocurrency Bill In Blow For Industry

September 16, 2026
Petrol Import Rose By 105% To N15.42trn In 2024, Amid Looming Hike In Product Price
Economy

Double-whammy: Good News On Inflation, Bad News On Petrol

September 15, 2026
Next Post

EFCC to Ekweremadu: Sleep easy if not a looter

‘One After Another, They Started Dying’: Survivors Recount Deaths In Detention As FG Inaugurates Probe Committee

‘One After Another, They Started Dying’: Survivors Recount Deaths In Detention As FG Inaugurates Probe Committee

September 22, 2026
Nigerian Residents Protest As Hundreds Remain Captive Month After Mass Kidnapping

Nigerian Residents Protest As Hundreds Remain Captive Month After Mass Kidnapping

September 22, 2026
CBN

CBN Cuts Benchmark Rate To 23% In Jumbo 350bp Move, First Big Easing Since 2020

September 22, 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