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Nairametrics
Home Business News

Nigeria signs air travel agreement with UAE

Onome Ohwovoriole by Onome Ohwovoriole
December 10, 2017
in Business News, Funds Management
Can Nigeria get her national airline move right this time ?

Senator Hadi Sirika Minister of State for Aviation

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Nigeria has signed a Bilateral Air Service Agreement (BASA) with the United Arab Emirate (UAE). Minister of State for Aviation Hadi Sirika made this known in a tweet from his twitter handle.

Signed Bilateral Air Service agreement with UAE, 30 minutes ago, in Colombo Sirilanka. May it be of mutual benefit, Ameen!

— Hadi Sirika (@hadisirika)

He also congratulated Medview Airlines which has commenced direct flights from Lagos to Dubai via Abuja.

What does a BASA mean ?

BASA (also known as air transport agreement) is a treaty which two nations sign to allow international commercial air transport services between their territories. Bilateral agreements contain provisions such as the routes the airline can fly, the number of flights that can be operate, as well as the number of airlines that can operate such routes.

Why is the signing big news ?

Nigerian airlines will be able to fly directly to Dubai and other parts of the UAE. This will enable them generate foreign exchange and give Nigerians more choices when flying. This also increases competition among the airlines, and prevent a monopoly or duopoly from being formed. Dubai is a major tourist and trade destination for Nigerians. It is believed that the UAE is a gateway for most Nigerian professionals and artisans seeking employments in the gulf.

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The UAE is a federation of seven emirates, and was established on 2 December 1971. The constituent emirates are Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain.


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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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