Monday , 5 June 2023

Exploiting the economic potentials of the Nigerian aviation industry

Yakubu Dati
The aviation industry is a catalyst for socio-economic development anywhere! It provides the fastest and safest means of transportation of persons and cargo within and between countries thereby promoting commerce and industry, two of the major determinants of the Gross Domestic Product.
Tourism, which today, constitutes the economic mainstay of such countries as UAE and Ethiopian, is given impetus by air transportation. This perhaps, explains the prominence occupied by Emirates and Ethiopian airlines in the economies of these two countries. And you are tempted to ask, what can any economy do without aviation?

 The administration of President Muhammed Buhari has shown, by its recent pronouncements and policies on the aviation industry, that it is ready to exploit the economic potentials of the industry, to stimulate growth in the country’s economy. In his presentation at the last interactive forum with aviation stakeholders in Abuja, the Minister of State, Aviation, Senator Hadi Sirika, acknowledge that “aviation is pivotal to growth of key economic sectors, certainly not limited to travel and tourism, agricultural production and distribution, rural development, trade and commerce, manufacturing, oil and other non-oil sectors.”

Managing director of FAAN explaining the layouts and structure of the new terminal to the Oversight Committee of the Senate in Abuja recently
Managing director of FAAN explaining the layouts and structure of the new terminal to the Oversight Committee of the Senate in Abuja recently

He added that aviation “is that critical tool necessary for economic transformation of any nation. Indeed, the value chain creation by aviation is enormous”. Simply put, the President Muhammadu Buhari administration is well aware of the economic potentials of the aviation industry, its present challenges and how to adequately tackle these challenges, with a mind to making the best of these potentials in the overall interest of the country.

According to Senator Sirika, “the present administration is focusing on issues that will rapidly develop the aviation sector within the shortest possible time”. He highlighted the challenges of the industry and Government’s response to them. On global and national security threats from terrorism, he said that Government had begun a comprehensive security threat and vulnerability assessment, development of a new security strategy in partnership with international security organization and procurement of modern, state of the art equipment. These are in addition to the commencement of an airport certification programme and manpower capacity development.
Another major policy thrust of this administration is the concession of the four major international airports in Lagos, Port – Harcourt, Abuja and Kano, after infrastructure upgrade to address the recurring challenge of obsolete airport infrastructure and inadequate capacity. This administration is also poised to establish a national carrier in order to gain optimal benefits from BASA/MASA and minimise capital flight, among other things. The absence of a major maintenance repair and overhaul facility in West and Central Africa which is responsible for high cost of aircraft maintenance for Nigerian airlines has necessitated the setting up of a world class MRO facility that will attract clientele from other parts of the world. The MRO, when established will further be encouraged to start manufacturing aircraft parts.
The Federal Government will also facilitate the completion of agro-allied and cargo terminals at designated airports across the country. This move is expected to enhance the country’s foreign exchange earnings, apart from discouraging rural-urban migration and encouraging massive rural development. A major milestone of this administration in the industry is the establishment of an aviation university that would “specifically produce the needed workforce for better efficiency” and curb the absence of high level management staff and research capabilities in the aviation industry.
This Government also intends to establish an Aviation Leasing Company, the first of its type in the country, in order to address the challenges of limited access to capital, high debt profile, inadequate number of aircraft in the fleet of local airlines and high cost of leasing. Government also intends to establish an Aviation Development Bank to enable industry entrepreneurs get long term funding at reasonable interest rates, among other things. In that presentation, Senator Sirika also hinted that the Ministry of Transportation was working with the Central Bank of Nigeria, the Ministry of Budget and National Planning and the Ministry of Finance to include local airlines in the priority list of foreign exchange allocation. He also promised that Government would sustain the policy of granting duty waivers to local airlines for the importation of aircraft and aircraft spares which he said had “contributed immensely to the survival of (local) airlines”.
These policies of the present administration, when fully implemented, have the potential of further unlocking the economic potentials of the country’s aviation industry, making it more “profitable, self-sustaining and beneficial to all stakeholders” according to the Minister.
A sign of what to expect in the industry in future is indicated in the achievements recorded by this administration in the last one year. The flagship of Nigerian airports, the Murtala Muhammed Airport and Nnamdi Azikiwe International Airport, Abuja passed a recent ICAO security audit with 96 per cent, apart from Nigeria passing the ICAO Universal Safety Oversight Audit. Within this period, operation in the control tower at MAKIA, Kano was automated while bomb containment vessels were provided at the Kano and Port-Harcourt Airports, among other numerous achievements.
Yakubu Dati
General Manager, Public Affairs, Federal Airports Authority of Nigeria  (FAAN)

About NigerianFlightDeck

Nigerianflightdeck is an online news and magazine platform reporting business stories with a bias for aviation and travel. It is borne out of the intention to inform, educate as well as alter perceptions with balanced reportage.

slot pulsa

slot pulsa tanpa potongan

slot deposit via pulsa

slot deposit pulsa tanpa potongan

slot deposit 10000 tanpa potongan

slot pulsa tanpa potongan

slot deposit pulsa tanpa potongan

slot pulsa

slot deposit pulsa

slot pulsa tanpa potongan

slot deposit pulsa

slot deposit pulsa

deposit pulsa tanpa potongan

https://stevenfoster.com/slot-deposit-pulsa/

wolf gold

wild west gold

the dog house

sword of ares

sweet bonanza

sugar rush

starlight princess

starlight christmas

rabbit garden

pyramid bonanza

power of thor

joker jewels

hand of midas

great rhino

gates of olympus

gates of gatotkaca

fuirt party

fire88

bonanza gold

deposit pulsa tanpa potongan

sbobet

sbobet

slot deposit pulsa

https://www.designerds.be/slot-bonus/

https://greenwichvillagevabeach.com/slot-bonus/

https://junex.com/slot-bonus-100/

https://thefranklinjohnstongroup.com/slot-deposit-pulsa/

https://socialbalance.be/slot-deposit-dana/

https://elegamingle.com/wp-content/slot-nexus-engine/

slot pulsa tanpa potongan

slot pulsa tanpa potongan

slot bonus 100 to 3x

slot bonus 100 to 3x

nexus slot

nexus slot

slot gopay

rtp slot

slot deposit via dana 10 ribu

https://pointeatpickettfarm.com/wp-includes/slot-deposit-pulsa/

https://pri-israel.com/wp-includes/slot-deposit-dana/

https://aadun.um.edu.my/

https://dmd.dourados.ms.gov.br/app/rtp-slot-gacor/

https://human.rru.ac.th/wp-content/uploads/2023/slot-depo25-bonus25/

https://progresshotel.be/wp-content/slot777-slot-bonus/

https://podcast.peugeot.fr/

https://ci-csd.everymatrix.com/

https://beta.media.nhra.com/

https://pgdownloads.enterprisedb.com/

https://www.mortgageebill.huntington.com/

slot bonus new member

slot deposit pulsa tanpa potongan

rtp

sbobet

slot dana 10 ribu

slot dana 10 ribu

slot dana 10 ribu

slot deposit pulsa

slot deposit pulsa

slot deposit pulsa

slot deposit pulsa

slot pulsa

slot pulsa

slot pulsa

slot deposit pulsa tanpa potongan

slot deposit dana

slot deposit dana

judi bola

slot deposit pulsa

depo 25 bonus 25

slot via dana

https://ilfracombegolfclub.com/wp-includes/slot-bonus-new-member/

https://auditsocial.world/wp-includes/slot-bonus-new-member/

https://hkmedicalconsultants.com/js/slot-bonus-100/

https://www.sunraysiascouts.org.au/wp-includes/slot-bonus-100/

https://mayabeachhotel.com/wp-includes/slot-bonus/

https://oakhillbulkfoods.com/wp-includes/slot-bonus-100/

https://sensirestaurant.it/wp-includes/rtp-slot/

https://ujalapk.net/wp-includes/rtp-live/

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

Judi Slot

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

daftar sbobet

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

slot bonus newmember

https://hightidekinsale.com/wp-includes/sbobet/

https://advantagehomecare.com/wp-includes/sbobet/

https://micg-adventist.org/wp-includes/slot-gacor/

http://nvzprd-agentmanifest.ivanticloud.com/

daftar sbobet

https://brentfordgymnasticsclub.com/wp-includes/sbobet/

https://jenniferallenlaw.com/wp-includes/sbobet/

https://phuonghoangschool.com/wp-includes/

slot bonus new member 100 di awal

sbobet

https://eurofeld.com/wp-includes/slot-gacor/

https://soroptimistpalmdesert.org/wp-includes/slot-gacor/

https://netfurniture.co.uk/wp-includes/slot-gacor/

sbobet88

sbobet

game slot gacor

slot deposit gopay

https://crazy.ro/wp-includes/slot-bonus/

RTP Live

slot gacor gampang menang

rtp live

judi bola

depo 100 bonus 100

Slot Online

Slot Joker Gaming

slot deposit

https://topnotchlocs.com/slot-gacor/

https://marcellolinhares.com/rtp-slot/

https://exoticmysticism.com/wp-includes/casino-online/

https://www.chanchap.com/wp-includes/baccarat-online/

pragmatic play

judi baccarat online

live casino

slot88

slot

baccarat uang asli

Slot Server Thailand

https://ngoisaoamnhac.vn/slot-nexus/

https://comkresloff.ru/wp-content/slot/

http://slotmaxwin.org/

https://www.victhorvieira.com/forum/discussoes-gerais/daftar-situs-slot-bonus-new-member-100-selalu-gacor-gampang-menang-bonus-new-member-100-ke-rendah-kecil-3x-5x-6x-7x-8x-10x-di-awal

https://www.delakkerij.be/slot-nexus/

https://lobsterbaylombok.com/slot-deposit-pulsa/

https://smaalbina.com/wp-includes/slot-bonus/

https://solargostaran.com/slot-deposit-pulsa/

https://hort.hdut.edu.tw/wp-includes/slot-nexus/

https://boogoomusicfest.com

https://thesummerhouseapts.com/wp-content/slot-nexus-engine/

https://spaziosicurezzaweb.com/slot-deposit-pulsa/

https://namaaestetic.com/wp-content/slot-nexus-engine/

https://asbcred.com.br/wp-content/slot-pulsa/

slot pulsa

slot deposit pulsa

https://usasgvote.usa.edu.ph/js/slot-bonus/

slot bonus

slot bonus new member

slot bonus 200

slot bonus 200 di depan

https://www.dqsy.vn/slot-bonus/

https:https://captiva.be/slot-bonus/

http://palais-rouge.com/wp-includes/slot-nexus/

slot deposit dana

slot dana

slot deposit dana

daftar slot via dana

https://vrpgessoeconstrucoes.com.br/wp-includes/slot-deposit-dana/

slot pakai dana

deposit dana

deposit dana

deposit dana

deposit via pulsa

deposit via pulsa

nexus engine slot

sbobet login

https://saberrentalcar.com/wp-includes/slot-deposit-dana/

https://cosmoroyale.com/wp-includes/slot-deposit-pulsa/

slot dana

slot-nexus

nexus slot

slot nexus

slot dana

slot nexus

slot server luar negeri

rtp slot

slot dana

slot nexus

slot dana

slot bonus 100 to 3x

slot server thailand

slot server kamboja

slot server luar negeri

slot server kamboja

slot server thailand

slot server kamboja

slot server thailand

slot server thailand

slot server thailand

slot server kamboja

slot server thailand

slot server kamboja

slot server thailand

slot server luar negeri

slot server kamboja

slot server vietnam

slot server thailand

slot server kamboja

slot server luar negeri

slot deposit pulsa

slot bonus 100 to 3x

slot online

slot deposit dana

daftar sbobet

slot deposit via dana 10000

slot deposit via dana 10000

slot deposit pulsa

https://thesmartoilet.com/wp-includes/slot-deposit-pulsa/

https://choviettrantran.com/wp-includes/slot-deposit-pulsa/

https://kreativszepsegszalon.hu/wp-includes/slot-deposit-pulsa/

https://www.muaythaionline.org/wp-includes/slot-deposit-pulsa/

slot server kamboja

slot server vietnam

slot server myanmar

slot server thailand/

slot server myanmar/

server luar slot

slot server thailand