• 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

Why Nigeria Air was suspended

Damilare Famuyiwa by Damilare Famuyiwa
October 6, 2018
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

Aviation industry experts have unanimously revealed why Nigeria’s new national career is yet to take-off. This, according to a report, was disclosed at the 4th quarterly Business Breakfast Meeting organised by the Aviation Safety Roundtable Initiative (ASRTI) in Lagos.

The experts lamented the lack of proper consultation by the Federal Government with knowledgeable Aviation industry experts led to the suspension of Nigeria Air’s take-off.

Director of Studies, Centre for International Advanced and Professional Studies, Prof. Anthony Kila lamented that Nigeria Air was embarked upon without due consultation and communication with people that matter. He said

RelatedStories

Sen. Hadi Sirika,

Alleged N19.4 billion fraud: Procurement Director testifies against Ex-Aviation Minister, Sirika 

April 7, 2025
Hadi Sirika, EFCC

Nigeria Air: Court permits Sirika to travel abroad with sick mother amid fraud case  

November 21, 2024

“There was no industry engagement and when a project is done like that it is bound to die. Nigeria should avoid this kind of failure.”

“Nigeria Air was conceived on PowerPoint, shared on Adobe and died on Twitter. The project lacked the fundamentals on strategic management, they embarked on a project without consideration of the status quo, the effects on operators and looking into the future, the project was embarked on without consultation without those that matter in the industry.”

Former Director General, Institute of Directors, IOD, Victor Adenrele Banjo said the Nigeria Air project was a deceit as it never had a visible structure and was shrouded in secrecy.

“The 0% control of government is not evident, no visible structure. The idea was not to operate an airline but achieve other motives not disclosed, no wonder, it was a premature leading to stillborn”, Banjo said.

Recall that the Minister of State for Aviation, Hadi Sirika had announced that the Federal Government had signed a Memorandum of Understanding (MOU) with two aircraft manufacturers Boeing and Airbus in respect of the establishment of a national airline

In August 2015, the Federal Government set up a 13-member committee to consult with international partners for the establishment of a national airline for Nigeria. In the same year, the committee submitted its report to the Permanent Secretary, Federal Ministry of Aviation, Hajiya Binta Bello.

The airline’s predecessor Nigeria Airways was founded in 1958 after the dissolution of West African Airways Corporation, WAAC. It held the name WAAC Nigeria until 1971, when it was rebranded. It stopped operations in 2003. The defunct airline is owing pensioners arrears running into billions of Naira.

The government then went into partnership with Virgin Atlantic, to establish Virgin Nigeria. Virgin Atlantic, however, sold its stake after several disagreements with the Ministry of Aviation, and an alleged breach of an agreement by the Federal Government to operate from the international terminal.

Jimoh Ibrahim, who bought Virgin Atlantic’s stake shut down the airline shortly after, due to what he termed sabotage.


Follow us for Breaking News and Market Intelligence.
Tags: Hadi SirikaNigeria Air
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

Sen. Hadi Sirika,
Legal & Regulations

Alleged N19.4 billion fraud: Procurement Director testifies against Ex-Aviation Minister, Sirika 

April 7, 2025
Hadi Sirika, EFCC
Aviation

Nigeria Air: Court permits Sirika to travel abroad with sick mother amid fraud case  

November 21, 2024
Nigeria Air
Aviation

Nigeria Air deal would have seen Nigeria pay Ethiopian Airlines $112 million over 3 years –Festus Keyamo 

October 9, 2024
Nigeria Air
Aviation

Sale of Nigeria Air to Ethiopian Airlines invalid, Court rules 

August 5, 2024
Ethiopian Air confirms interest in a Nigerian airline
Aviation

Ethiopian Airlines announces FG’s withdrawal from Nigeria Air project 

July 1, 2024
Sen. Hadi Sirika,
Legal & Regulations

‘N19.4billion fraud’ : Sirika, brother barred from traveling outside Nigeria without permission, gets N200 million fresh bail

May 23, 2024
Next Post
FEC approves bilateral air services agreement

FG to inject funds into airports upgrade

Leave a Reply Cancel reply

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

otd
Emple
Palmpay
first bank








DUNS

Recent News

  • President Tinubu appoints Opeyemi Agbaje as the new Chairman of National Pension Commission 
  • Nigeria’s July inflation report signals cautious optimism amid persistent risks – CPPE 
  • ICRC issues new PPP guidelines, decentralises approval powers to MDAs 

Follow us on social media:

Recent News

President Tinubu appoints Opeyemi Agbaje as the new Chairman of National Pension Commission 

President Tinubu appoints Opeyemi Agbaje as the new Chairman of National Pension Commission 

August 17, 2025
Dr. Muda Yusuf, CPPE

Nigeria’s July inflation report signals cautious optimism amid persistent risks – CPPE 

August 17, 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