The Federal Government has decided not to move forward with the national carrier project. Instead, it is shifting its focus to support the growth of local airlines, according to Mr. Festus Keyamo, the Minister of Aviation and Aerospace Development.
During a book launch in Lagos, Keyamo criticized the condition of the old Murtala Muhammed International Airport terminal. He announced that the government plans to demolish it and construct a modern terminal in its place.
Speaking at the event, Keyamo highlighted how the Tinubu administration is working on policies to benefit domestic airlines. He cited revised insurance regulations for leased aircraft, which will make planes more accessible and reduce ticket costs for domestic flights.
He also mentioned improvements in training for aviation operators and efforts to reduce revenue leaks. These initiatives aim to strengthen the aviation sector’s performance. Additionally, many foreign airlines are now sourcing their in-flight meals from Nigerian companies, as directed by the ministry.
Mrs. Olubunmi Kuku, Managing Director of FAAN, spoke about the growth of the aviation sector. She revealed that Nigeria now has 39 certified airlines, 31 airports, and over 2,100 licensed pilots. She noted that the aviation sector contributed $1.7 billion to Nigeria’s GDP.
Reflecting on the sector’s journey since independence, Kuku explained how the private sector stepped in to revitalize the industry after challenges with the former national carrier, Nigeria Airways. Companies like Air Peace and Arik Air have transformed the sector, connecting cities efficiently and improving services.
Despite these advancements, Kuku emphasized that there is still potential for further growth. Last year, domestic passenger traffic surpassed 16 million, with international traffic exceeding 3.5 million passengers.
Wole Shadare, the author of the newly launched book, described it as a comprehensive resource on Nigeria’s aviation history. He believes the book will provide valuable insights for researchers and industry professionals.
The Nigerian aviation sector is evolving, and these changes signal a brighter future for the industry.
