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Home Sectors Hospitality & Travel

FG ratifies air transport agreements with the United States

Chike Olisah by Chike Olisah
July 30, 2020
in Hospitality & Travel
Former Information Minister, Lai Mohammed, gets international appointment

Former Minister of Information and Culture, Alhaji Lai Mohammed (Image credit: Premium Times Nigeria)

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The Federal Executive Council (FEC), during a meeting presided over by President Muhammadu Buhari on Wednesday, July 29, 2020, approved the ratification of Air Transport Agreement between Nigeria and the United States.

The decision of the Federal Executive Council was disclosed during a press briefing with statehouse correspondents, after the virtual meeting, by the Minister for Information and Culture, Alhaji Lai Mohammed, and the Minister for Finance, Budget, and National Planning, Zainab Ahmed.

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Mohammed, who stood in for the Minister of Aviation, Hadi Sirika, said that the air transport bilateral agreement is aimed at strengthening economic and cultural ties between Nigeria and the United States. She said:

“The Aviation Minister presented a memo today on the approval for ratification of the air transport agreement between the Federal Government of Nigeria and the United States of America. The minister sought the council’s approval for ratification of the air transport agreement between USA and Nigeria.

READ ALSO: Oil prices drop as market reacts to rising COVID-19 cases, US-China tension

“You will recall that both the United States and Nigeria are parties to the Chicago Convention on Dec. 7, 1994. Article 6 of the convention actually urges parties to sign air services agreement with member states to improve social, political and economic ties. The US has ratified its own and Mr President and council graciously accepted today to also ratify this agreement.

“So, today, Mr President signed valid agreement of air transport service between Nigeria and the US with the attendant benefits for both countries, especially as Nigeria is working towards having its own full national airline.

READ MORE: FG responsible for 80% of Nigeria’s N25.7 trillion debt profile 

“So, we will now take advantage of this air transport bilateral agreement to strengthen economic, social, and cultural ties between the two countries.”

This agreement is expected to promote an international aviation system based on competition among airlines from both countries, with minimum government interference and regulation. It will also facilitate the expansion of international air transport opportunities between both countries and will benefit eligible Nigerian airlines.


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Tags: Alhaji Lai MohammedFederal Executive Council (FEC)Hadi SirikaNigeria NewsUnited States Of America
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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