An aviation strategist advises Nigeria not to underestimate the opportunities and challenges brought by the US-Nigeria Open Skies agreement. Sindy Foster, Managing Partner at AvaeroCapital, emphasizes the necessity for extensive preparation and resources to reap benefits from the agreement. “While airlines prepare, the Nigerian government must prioritize policy and diplomacy,” emphasizes Foster.
She stresses favorable visa issuance due to the large Nigerian population in the USA. “The USA hosts the largest Nigerian diaspora, estimated at 3.4 million by the Nigerian Ministry of Foreign Affairs. This indicates significant potential for increased Friends and Family trips. Consequently, tourism visas should be made more accessible.”
The US-Nigeria Open Skies Agreement, signed in 2000, aims to liberalize the aviation market between the two countries, facilitating unrestricted air services. Both nations have accepted open access to each other’s markets and operational flexibility.
Foster commends the agility of Nigerians in the private sector and believes they will capitalize on improved connectivity and lower prices. She emphasizes the potential for increased visitors and trade between the countries.
Foster urges the Nigerian government to institute effective systems and boards in aviation agencies to ensure corporate governance. She emphasizes policy reforms to facilitate travel and business, particularly regarding foreign exchange access for students, tourists, and business travelers.
