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Home Business News

Govt. approves N1.5 billion to initiate National Carrier project 

Nairametrics by Nairametrics
May 3, 2017
in Business News
Float A New National Airline For Nigeria. Buhari Orders
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  • The APC led government has stepped up efforts to launch its national airline.
  • Nigeria’s Minister for State for Aviation Hadi Sirika said a group of six firms including German carrier Lufthansa would be advising the government on setting up an airline, an aviation leasing company and a maintenance hanger, and on creating concessions to run the country’s airports.
  • Sirika also revealed a sum of N1. 52 billion was approved for the project by the federal executive council chaired by Vice President Yemi Osinbajo.
  • Setting up a National Airline was one of President Muhammadu Buhari’s campaign promises.
  • In 2015, Reuters reported that the government plans to achieve its promise of a national carrier by nationalising debt ridden Arik Air, which it took over via Amcon in February 2017.
  • Amcon however denied this.

 

Tags: Aviation NewsProfessor Osinbajo
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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