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Business News

Nigerian airlines should patronise Aero MRO facility -AMCON

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The Managing Director/Chief Executive Officer of Asset Management Corporation of Niger (AMCON), Mr. Ahmed Kuru has called on aviation industry practitioners to patronise  Aero Contractors’ MRO facility in Ikeja Lagos State, which made history at the weekend as the first ever carrier in Nigeria to conduct an aircraft C-check in the whole of West and Central Africa.

The C-check, which was carried out on a Boeing 737-500 aircraft, was marked by a high-profile roll out ceremony, which held at Aero Headquarters at the local wing of the Murtala Mohammed Airport, Ikeja. It was attended by crème-de-la-crème of aviation industry in the country.

Kuru, who was represented at the event by Mr. Aminu Ismail, the Executive Director in charge of Operations at the Corporation also called on other airline operators in the country to see the rare facility as credible alternative and a strategic way of stopping the huge capital flight that leaves the shores of Nigeria anytime Nigerians take their aircraft to other countries for C-checks. He said, “I would like to solicit the support for Aero MRO by all stakeholders, particularly the relevant aviation regulatory bodies, towards ensuring that this seed that has been planted is allowed to grow, in our collective interest as Nigeria and Nigerians.

 

“We cannot continue to allow capital flight of our scarce foreign exchange towards paying for services that are available in Nigeria and would provide a source of employment for our people. To this end a directive to other airlines towards the use of this facility at least to the extent of its capabilities and certifications, would go a long way towards ensuring the growth of the Aero MRO into being certified for other Aircrafts types,” Kuru pleaded.

Stressing his point further, Kuru maintained that it was important to underscore the fact that that Aero Contractors’ certification to conduct the C-checks for Boeing 737-500 series locally remains a boom for the industry because it would save millions of dollars that Nigerian Airlines and not just Aero, spend outside this country on facilities such as this. It is our belief that Aero’s maintenance facility will achieve huge savings for operators even from other neighbouring African countries, thereby attracting the much needed funds that is required to strengthen our economy. He stated that the success Aero has achieved with the facility could be replicated across other industries in Nigeria.

Again he said, “I strongly believe that more can be done if we imbibe good corporate governance, hold management accountable, and have responsive regulators. What we witnessed here today, which is the Roll Out of the First Successful Conduct of a Boeing 737-500 series C-check in the country justifies AMCON’s resolve and commitment towards the development and stabilisation of our challenged aviation sector. We are all living witnesses to the controversies that have trailed AMCONs intervention in the Aviation sector particularly for those who did not really understand AMCON’s mandate as a resolution and stabilisation vehicle, and the good intentions of both the Federal Government and AMCON in the sector.

“For us, aviation is not just a critical sector but also a strategic and core component of any economy or country that wants to compete on the global scale. If Nigeria must compete, our only option is to have a sustainable, vibrant and dependable aviation sector. Therefore intervening in Aero and indeed all other airlines in the country, was for us a national assignment, geared towards both our resolution objective and the need to help in rebuilding the Nigerian economy. As a recovery Agency of the Federal Government, it was not for us an option to stand aloof and watch while airlines such as Aero, with its rich history and others be grounded as a result of challenges in management and governance, plus accumulated debt obligations.”

 

Kuru also praised the Hon. Minister of State for Aviation, Senator Hadi Sirika, whom he said supported AMCON and the management of Aero led by Capt. Ado Sanusi all the way. He said, “I want to place on record the unflinching support we have always received from the Hon. Minister, who deeply understood the mandate of AMCON in aviation and stood firm by us when AMCON took all the tough decisions that have been earlier highlighted today. I also want to thank the Receiver Manager of Aero, Mr. Adeniyi Adegbonmire SAN, the Chief Executive Officer of Aero, Capt. Ado Sanusi and the entire team at Aero, for working hard at ensuring success in this venture.”

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Earlier in his address, the Chief Executive Officer of Aero, Capt. Ado Sanusi also praised the intervention of AMCON, which he said would have been history without the intervention. He said, “The Managing Director of AMCON Mr. Ahmed Kuru deserves special accolades as well. AMCON plays and continues to play critical roles that have culminated with Aero being able to sustain its operations and slowly returning to viability. Without the support of AMCON, some tough decisions would have never been taken and we wouldn’t have gathered here today. For his personal and professional support, Aero expresses gratitude to AMCON.”

 

Capt. Sanusi also showered appreciation on S.A.A. Technique and AJW Group, the technical partners whom he disclosed that Aero holds in the highest of esteem for their commitment in adding immense technical value to our Maintenance Department. He said both companies went far beyond the Terms of the MoU they signed on the project and worked with Aero team like a family. This gathering today is largely resulting from their commitment to aiding Aero build up its technical capacity.

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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 [email protected]

Energy

Nigeria breaks transmission record again, hitting 5,801.60 MW

The TCN has broken its own transmission record three times in the space of a week.

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FG set to create at least 5 million jobs for youths in the power sector – Minister of Power , Consortium of Western investors to inject upwards of $5 billion in Nigeria's renewable energy sector, Power: Nigeria's deal with Siemens - the birth of a new era?

The Transmission Company of Nigeria announced another record, as grid transmission hits a peak of  5801.60 MW.

This was disclosed by the Minister of Power, Engineer Sale Mamman in a statement on Tuesday evening.

“Back-to-Back Peak Transmission, Yesterday, 1st of March at 9:30 pm, we hit a new HIGH,” he said.

He added that 5801.60 MW transmitted at a frequency of 50.09 hz.

“Next Level heights for the Power Sector. Kudos to all at the TCN & MoP striving towards stable energy for Nigerians,” he added.

In case you missed it 

  • Nairametrics reported yesterday that the Transmission Company of Nigeria (TCN) announced that it hit another record milestone on transmission, as it recorded a national peak of 5,615.40MW.
  • On March 1st that the TCN announced it has broken its transmission record once again, after hitting a record of 5,584.40 MW.

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Coronavirus

COVID-19 Update in Nigeria

On the 2nd of March 2021, 479 new confirmed cases and 8 deaths were recorded in Nigeria

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Covid 19 update symptops

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 156,496 confirmed cases.

On the 2nd of March 2021, 479 new confirmed cases and 8 deaths were recorded in Nigeria.

To date, 156,496 cases have been confirmed, 134,551 cases have been discharged and 1,923 deaths have been recorded in 36 states and the Federal Capital Territory.

A total of 1.54 million tests have been carried out as of March 2nd, 2021 compared to 1.49 million tests a day earlier.

COVID-19 Case Updates- 2nd March 2021,

  • Total Number of Cases – 156,496
  • Total Number Discharged – 135,136
  • Total Deaths – 1,923
  • Total Tests Carried out – 1,544,008

According to the NCDC, the 479 new cases are reported from 22 states- Lagos (153), Enugu (75), Rivers (50), FCT (40), Kaduna (18), Ebonyi (17), Plateau (17), Edo (17), Borno (16), Oyo (12) Kano (11), Abia (10), Cross River (10), Taraba (9), Nasarawa (7), Bauchi (4), Bayelsa (3), Delta (3), Ekiti (2), Niger (2), Ogun (2) and Akwa Ibom (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 56,001, followed by Abuja (19,274), Plateau (8,911), Kaduna (8,531),  Oyo (6,746), Rivers (6,544), Edo (4,607), Ogun (4,398), Kano (3,764), Ondo (2,983), Kwara (2,931), Delta (2,576), Osun (2,433), Nasarawa (2,234), Enugu (2,078), Gombe (2,051), Katsina (2,030), Ebonyi (1,881), Anambra (1,726), and Abia (1,530).

Akwa Ibom has recorded 1,519 cases, Imo (1,497), Borno (1,292), Bauchi (1,232), Benue (1,188), Niger (917), Taraba (813), Ekiti (804), Bayelsa (772), Sokoto (769), Adamawa (762), Jigawa (496), Kebbi (377), Cross River (334), Yobe (268), Zamfara (219), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

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Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

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On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.

On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.

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READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

 

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