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Hospitality & Travel

FG launches e-temporary passport for Nigerians abroad

The FG has launched the e-Temporary Passport, a four-page travel document for a one-way return journey to Nigeria, usually in emergencies.

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The Minister of Interior, Rauf Aregbesola, has on behalf of the Federal Government, launched the Electronic Temporary Passport to cater for Nigerians desirous of returning home but whose national passport is not available.

The four-page document is for the one-way return journey to Nigeria usually on emergencies.

This was disclosed in a statement signed by the Public Relations Officer of the Nigerian Immigration Service (NIS), Sunday James, on Tuesday, March 9, 2021.

It states that an e-temporary passport replaces the paper-type emergency travel certificate hitherto issued by Nigerians in Diaspora desirous of returning home but don’t have a regular standard passport. It also states that the electronic temporary passport has all the features of the standard passport but serves only one.

READ: Covid-19: Travel agencies recorded 46.9% loss in sales in 2020 – NANTA

Speaking at the event, the Minister stated that the passport will address the concerns of Nigerians abroad who have an urgent need to return home as well as those who are being returned home by their host countries but don’t have a valid passport.

He pointed out that the Temporary Passport is ICAO compliant and is valid for only 30 days before the date of travel and it is not in any way a replacement for the Nigerian Passport as it will only serve a temporary purpose in the case of loss or misplacement of the Nigerian Passport by a Nigerian abroad,” the statement said.

The Controller General of NIS, Muhammad Babandede, in his remark noted that the introduction of the document is another way of engaging with the Diaspora population with a view to addressing their emergency travel needs stressing that the document can be issued to applicants irrespective of age.

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READ: Immigration to implement FG’s travel ban on day-7 COVID-19 test defaulters

He revealed that the replaced Emergency Travel Certificate was a huge security threat to Nigeria and the global community because it was an ordinary paper devoid of the necessary security features of a travel document.

Babandede added that the temporary Passport replacing it is a catalyst to Nigeria’s desire for effective identity management as it has a chip and surface personalization which is an enhancement of the current Electronic Passport Management System (EPMS).

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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    Hospitality & Travel

    FG says private investors to invest about N102.75 billion on national carrier

    The Federal Government has said that some private investors are going to raise about N102.75 billion ($250 million) for the take-off of the proposed national carrier for Nigeria.

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    Emirates Airlines, airport reopen, domestic flights, aviation, The nature of Nigeria's ban on Boeing 737 Max 8, FAAN commences renovations of Enugu Airport , Land dispute threatens reopening of Enugu Airport , Here is reason Turkish Airlines was allowed to land in Abuja, Aviation industry's 2019 GDP contribution hits N198 billion but 2020 will be worse

    The Federal Government has said that some private investors are going to raise about N102.75 billion ($250 million) for the take-off of the proposed national carrier for Nigeria.

    This is coming after the initial failed attempt almost 3 years ago to launch the proposed national carrier for the country.

    According to a report from Punch, the disclosure is contained in a document on the updated status of the government’s aviation roadmap at the Federal Ministry of Aviation, Abuja on Wednesday.

    The Aviation Ministry stated in the document that the project development stage for the national carrier has been completed and as such, the procurement stage is the next step to be taken.

    READ: FEC approves N10.5 billion for Airport Management Solution for Lagos, 4 other international airports

    The statement from the document says, “The next set of steps will involve the commencement of procurement phase by placing an advert for a request for qualification in the national dailies and the foreign media.

    $250 million approximately is to be raised to start up the airline by private investors.

    According to the aviation roadmap which is contained in the document, the Federal Government explained that the establishment of a national carrier would enable Nigeria to gain optimal benefits from Bilateral Air Service Agreements (BASA), take full advantage of the Single African Air Transport Market and introduce competition.

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    It states, “The national carrier project will be private sector-driven, with the government holding not more than five per cent of the shares.

    The private sector consortium may comprise reputable international airlines (such as Qantas), leasing companies, aircraft manufacturers (OEMs), financial and institutional investors.

    The government said it was providing the required support by creating the enabling environment in terms of sustainable policies, allocation of BASA routes, provision of financial guarantees and ensuring fiscal incentives to sustain the success of the airline.

    READ: South African Airways to cancel more foreign routes, as revenue loss bites 

    What you should know

    It can be recalled that in July 2018, the Minister for Aviation, Hadi Sirika, at the Farnborough Air Show in London, unveiled the proposed new national carrier called Nigeria Air and stated that it would be inaugurated by the end of 2018.

    This generated a lot of controversies as many Nigerians questioned the use of public funds to set up a private business and had doubts over the ability of the government to manage the airline after the liquidation of government-owned Nigeria Airways.

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    The Federal Government in 2018, announced the immediate suspension of its widely publicised national carrier due to the alleged non-approval of the airline by the Economic Management Team (EMT) when it launched.

    The EMT was also reported to have recommended that public funds should not be used to set up the national carrier.

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    Hospitality & Travel

    NGX lauds Transcorp Hotels over operational efficiency

    Transcorp Hotels Plc achieved business continuity by enhancing the organization’s operational efficiency.

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    COVID-19: Transcorp Hotel loses about N1 billion every month- CEO

    The Nigerian Exchange (NGX) Limited has lauded the efforts made by the Board and Management of Transcorp Hotels Plc towards achieving business continuity by enhancing the organization’s operational efficiency.

    NGX also congratulated the Group on the successful unveiling of new product lines and efforts towards repositioning the organization, thereby reassuring investor confidence in the company.

    This was disclosed by the Divisional Head, Listings Business, NGX, Mr Olumide Bolumole, when the management of the Hotel led by the Managing Director (MD)/Chief Executive Officer (CEO), Transcorp Hotels, Mrs Dupe Olusola, presented its Facts Behind the Figures to capital market stakeholders.

    READ: Nigerian hotels count revenue losses due to pandemic-induced plunge

    Speaking at the event, Mr Bolumole said, “Recently, NGX hosted the CEO, Transcorp Hotels Plc, Mrs Dupe Olusola to a digital Closing Gong Ceremony to commemorate the formal listing of their ₦10Billion rights issue.

    We are pleased that Transcorp Hotels has again chosen to utilise our platform to engage the market about the financial performance as well as strategic and operational developments within the organization.

    The Exchange recognizes the efforts made by the Board and Management of Transcorp Hotels Plc towards achieving business continuity by enhancing the organization’s operational efficiency. We congratulate you on the successful unveiling of new product lines and efforts towards repositioning the organization, thereby reassuring investor confidence in the company.”

    READ: Transcorp records N6.7billion Profit After Tax in Q3; maintains a positive revenue outlook

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    What Transcorp is saying

    Olusola noted that “Despite the adverse effect of the COVID 19 pandemic on all our business segments, Transcorp Hotels Plc remained resilient and took a critical and fundamental decision to remain open and maintain operations at both the Transcorp Hilton Abuja and Transcorp Hotels Calabar.

    Our primary goal was to survive as individuals and as a business, to adapt and to thrive in a new, changing, and unprecedented environment. Post-COVID-19 starting from September, we recorded an improvement in all our KPIs as compared with the industry performance.

    Today, leisure has become very important to us more than ever. As a hospitality business, we will constantly continue to challenge ourselves to ensure that we meet the diverse customer needs and provide excellent experience across all touchpoints.”

    What you should know

    Given that information asymmetry affects the decision-making of investors, NGX continues to encourage more issuers to take advantage of its platform to deliver timely, relevant, and accurate information to the market.

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