• Contact Us
  • About Us
Saturday, March 7, 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 News

Why National Carrier being delayed – FG

metro by metro
November 22, 2017
in News
0
0
SHARES
0
VIEWS

BuhariThe Federal Government has explained that the perceived delay in launching the National Carrier of Nigeria was to avoid the mistake of the past and launching a carrier that would fail.

The Minister of State for Aviation, Sen. Hadi Sirika, said that in a bid to avoid errors that led to the failure of the defunct Nigeria Airways, the national carrier would be private sector driven.

Read Also

Iran’s Supreme Leader’s Son Mojtaba Khamenei Tipped As Successor

US Senate Backs Trump On Iran Strikes, Blocks Bid To Limit War Powers 

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

Sirika stated this on the sideline of the ongoing International Civil Aviation Organisation World Aviation Forum on Wednesday in Abuja.

The News Agency of Nigeria (NAN) reports that the theme of the forum is “Financing the Development of Aviation Infrastructure.”

He said that stakeholders had agreed on a Public Private Partnership (PPP) arrangement for the new national carrier.

The minister explained the Federal Government was following Infrastructure Concession Regulatory Commission (ICRC) guidelines to ensure that due processes in the arrangement.

According to him, government has appointed the Transaction Advisers to work out modalities for the carrier.

He said that government intended to go into alliances or joint ventures with other aircraft manufacturers to increase the reach and number of routes of the national carrier.

Sirika added that the planned improvement of airport and air navigation infrastructure would support the expected growth from activities of the new carrier.

“The question of national carrier, we all have agreement that this national carrier can only survive and succeed if it is private sector led and driven.

“Public Private Partnerships (PPPs) in Nigeria are guided by act of parliament which is the ICRC Act 2007 that spelt out how to go about doing all these things.

“We will be following them diligently. But unfortunately, it is cumbersome but we are following it so that we don’t run afoul of the law.

“African Development Bank and other companies are discussing with us on this matter.

“We are yet to meet with other stakeholders but we expect to meet them during this conference and after then, we will go and do our road shows.

“The key thing here is having something that will stand the test of time so that we don’t start and falter.

“It has happened to Nigeria before. The Air Nigeria was founded and at some point, it died because of something that was faulty.

‘’We have learnt our lessons and we are not going to repeat it again,” he said.

Sirika admitted that one of the major challenges of air transportation in Africa was high taxes.

He said that the issue of high taxes would be discussed as a critical factor to encourage investors.

”The lower the tax, the more flights in and the more flights in, the more passengers, more jobs, more revenue and that is within our master plan.’’

Tags: National Carrier
Previous Post

CBN ‘on course’ to meet single digit inflation rate next year – Emefiele

Next Post

U.S. Navy plane crashes in Philippine Sea; three missing

Related Posts

Iran’s Supreme Leader’s Son Mojtaba Khamenei Tipped As Successor
News

Iran’s Supreme Leader’s Son Mojtaba Khamenei Tipped As Successor

March 5, 2026
Trump
News

US Senate Backs Trump On Iran Strikes, Blocks Bid To Limit War Powers 

March 5, 2026
Conservative Anglicans To Pick Rival Leader, Widening Church Rifts
News

Conservative Anglicans To Pick Rival Leader, Widening Church Rifts

March 3, 2026
News

NGX Group Appoints Olaniyan as Group Chief Strategy Officer

March 2, 2026
Next Post

U.S. Navy plane crashes in Philippine Sea; three missing

Oil Prices Up After OPEC+ Maintains output Cuts, But Shaky Demand Caps Gains

Dangote Refinery Increases Petrol Price From N875 to N995 Within 96 Hours, Fuel  Stations Sell N1190/Litre

March 6, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days

Tinubu Moves to Tackle Power, Grid, Transmission Challenges, Inaugurates Committee On GAMCO

March 6, 2026

Huawei, Meralco, and SANXING Ningbo Launch Intelligent Distribution Solution and Lighthouse Initiative

March 6, 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