• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

FG begins plan to revive national carrier project

Fakoyejo Olalekan by Fakoyejo Olalekan
March 26, 2019
in Business News, Politics
2019 Budget, Hadi Sirika and Rotimi Amaechi, President Buhari passes 2019 budget, Nigeria Air, Nigeria national carrier, Hadi Siriki, Senate Committee, FG to revive national carrier

Nigeria Air

Share on FacebookShare on TwitterShare on Linkedin

The Federal Government of Nigeria is planning to revive the suspended national carrier project, Nigeria Air, the minister of state for aviation (Hadi Sirika) said confirmed.

Mr Sirika stated this while defending his Ministry’s budget, during a Senate Committee hearing in Abuja. According to the Minister, the Government determined to deliver on its promise to Nigerians.

This is coming nearly six months after he shocked many Nigerians with his Twitter post, announcing the Government’s decision to suspend the National Carrier Project in the interim.

RelatedStories

FAAN, Lagos International Airport to get two terminals - FG 

FAAN condemns fmr Gov. Yari misconduct at Kano International Airport

July 15, 2020
These companies have fallen under AMCON’s hammer

These companies have fallen under AMCON’s hammer

February 19, 2018

I regret to announce that the Federal Executive Council has taken the tough decision to suspend the National Carrier Project in the interim. All commitments due will be honoured. We thank the public for the support as always.🙏🏾🙏🏾🙏🏾🇳🇬🇳🇬🇳🇬

— Hadi Abubakar Sirika (@hadisirika) September 19, 2018

Reason for the suspension: Siriki, in his address to the Senate Committee, said the  project was suspended due to strategic planning.

“We had to suspend the earlier plans for the national carrier for strategic reasons. The move was not killed.

“Provisions have to be made to continue to fund activities of advisers and so on, to ensure that it is delivered.”

When the project will be completed: According to Siriki, the national carrier project will be completed before President Muhammadu Buhari’s administration ends in 2023. Although he didn’t give a specific timeframe, he was certain Nigeria Air will lift off before President Buhari’s tenure elapses.

“The carrier will be delivered within the life of this administration, this I can assure you.

“It is not forgotten by the government. It will continue and we are doing everything we can to deliver it.”

Management plan remains the same

As stated when the Government announced its intention of establishing the national carrier, the Private sector will take lead in the funding and management of the operation, while the Federal Government will play a limited role.

“It is a public-private partnership (PPP). The private sector will lead and deliver while the government will play its role.

“Viability funding is also being addressed. After that, then the full business case which is the implementation stage. It is at that point that it will be advertised for people to come in and participate.”

Why FG is bent on establishing a national carrier

Siriki said the extortion by private airlines has necessitated the need for Nigeria to have a national carrier. He said these airlines are ripping off Nigerians due to the absence of a national carrier; and this causes huge revenue loss.

“When I was in the House of Representatives in 2006, we did invite British Airways to discuss and the answer we got was that they charge exorbitantly because Nigerians can afford it.

“They charge these fees without corresponding challenge. It is very difficult for the ministry to tell entrepreneurs what they should charge.

”This is the whole importance of having a national carrier. It is about competition. Nigerians are highly mobile people with very huge businesses. You find out that the first class and business class is always full.”

The name and logo of the proposed national carrier was disclosed at the Farnborough International Airshow in London.


Follow us for Breaking News and Market Intelligence.
Tags: FG plans national carrier Nigeria AirFG to revive suspended national carrierHadi Siriki
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

Related Posts

FAAN, Lagos International Airport to get two terminals - FG 
Hospitality & Travel

FAAN condemns fmr Gov. Yari misconduct at Kano International Airport

July 15, 2020
These companies have fallen under AMCON’s hammer
Business News

These companies have fallen under AMCON’s hammer

February 19, 2018
Next Post
Daron Acemoglu Economist, Massachusetts Institute of Technology, First Bank of Nigeria 125 years anniversary, President Buhari, Eko Hotel

Wage increment essential to Nigeria's economic growth – Prof. Daron Acemoglu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
Emple
Palmpay
first bank








DUNS

Recent News

  • FG to review funding approaches for new N359 billion Carter Bridge, N3.6 trillion Third Mainland Bridge
  • NLC accuses FG of diverting 40% of funds from NSITF, gives 7-day strike notice
  • Veritas Kapital Assurance Plc delivers strong H1 2025 results, signaling renewed strength and strategic clarity 

Follow us on social media:

Recent News

David Umahi,

FG to review funding approaches for new N359 billion Carter Bridge, N3.6 trillion Third Mainland Bridge

August 15, 2025
NLC, TARIFF

NLC accuses FG of diverting 40% of funds from NSITF, gives 7-day strike notice

August 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics