The Federal Government is stepping up efforts to partner with global lessors and financiers to give a significant boost to Nigeria’s domestic airline industry.
This move is set to support the growth and fleet renewal of the country’s aviation sector, which remains a key priority for the government.
Festus Keyamo, Nigeria’s Minister of Aviation and Aerospace Development, shared the exciting news in a recent interview with the News Agency of Nigeria (NAN).
He highlighted the government’s determination to foster stronger relationships with stakeholders in the aviation industry while ensuring that the country’s aviation ecosystem remains competitive, inclusive, and resilient.
Keyamo also revealed that he will soon be leading a team from Nigeria’s aviation sector to the highly anticipated Boeing Lessor Forum in Dublin, Ireland, from January 12 to 15.
The forum, held alongside the Airline Economics Growth Frontiers Global Conference, is a unique opportunity for Nigeria to showcase its commitment to transforming the aviation industry under the visionary leadership of President Bola Tinubu.
“This event is a pivotal moment for us to share the exciting reforms taking place in Nigeria’s aviation sector,” Keyamo explained. “We’re looking forward to forging strong alliances and finding innovative solutions to take our aviation sector to the next level.”
He urged the delegation to make the most of the platform, ensuring that the engagement is seamless and productive for everyone involved.
Keyamo also reaffirmed the government’s commitment to strengthening adherence to global protocols, including the Cape Town Convention, which is expected to help boost investor confidence.
As part of this effort, the government is also focusing on strategic investments in airport modernization and air navigation systems to improve safety and efficiency.
“We’re putting emphasis on training programs to develop homegrown talent that will sustain the growth of the aviation industry,” Keyamo added.
The Cape Town Convention, which provides creditors with internationally recognized rights in case of default or insolvency, is crucial for reducing risks for those involved in aircraft leasing and purchasing.
The convention’s primary aim is to protect the interests of all parties involved, ensuring a smoother and more secure process for aircraft financing.
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