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Nairametrics
Home Business News

Govt. approves N1.5 billion to initiate National Carrier project 

Nairametrics by Nairametrics
May 3, 2017
in Business News
Float A New National Airline For Nigeria. Buhari Orders
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  • The APC led government has stepped up efforts to launch its national airline.
  • Nigeria’s Minister for State for Aviation Hadi Sirika said a group of six firms including German carrier Lufthansa would be advising the government on setting up an airline, an aviation leasing company and a maintenance hanger, and on creating concessions to run the country’s airports.
  • Sirika also revealed a sum of N1. 52 billion was approved for the project by the federal executive council chaired by Vice President Yemi Osinbajo.
  • Setting up a National Airline was one of President Muhammadu Buhari’s campaign promises.
  • In 2015, Reuters reported that the government plans to achieve its promise of a national carrier by nationalising debt ridden Arik Air, which it took over via Amcon in February 2017.
  • Amcon however denied this.

 

Tags: Aviation NewsProfessor Osinbajo
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