Mr Festus Keyamo, the Minister of Aviation and Aerospace Development, has urged global financiers to invest in the concession of Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja.
The minister was speaking at the Airline Economics Growth Frontiers Global in Dublin, Ireland, on Monday.
Keyamo emphasised that the Federal Government of Nigeria has implemented streamlined policies to create an enabling environment for investors to concession the nation’s airports.
“Initiated measures to reduce operational bottlenecks, including reviewing airport concession agreements to improve efficiency, have been put in place,” he said.
Keyamo also highlighted the need to expand Lagos and Abuja airports to enhance capacity and passenger experience, stating: “There is a need to expand Lagos and Abuja airports to enhance capacity and passenger experience.”
The minister noted that the Nigerian aviation sector had experienced significant growth, aligned with the government’s commitment to modernise infrastructure, improve safety, and foster economic growth.
He mentioned that the Nigeria’s Cape Town Convention index, which increased from 49 to 75.5 as a result of recently implemented policies, would help improve lessor’s confidence in placing leased aircraft in Nigeria.
“We hope that our demonstration of supporting economic growth, with aviation being a key factor, will open arms from the industry,” Keyamo said.
He also explained that the government had created multiple platforms to unify aviation stakeholders and increase participation of local financing institutions.
The minister added that the government had also partnered with airlines, Boeing, the insurance industry, and regional banks to address key issues and implement reforms.
“We have developed and signed a working together agreement (MoU) with Boeing to help with safety improvement, operational efficiency, talent development, infrastructure development, and capacity building with respect to MRO development,” he added.
Mr Festus Keyamo, Minister of Aviation and Aerospace Development, on Monday in Dublin, Ireland, urged global financiers to invest in the concession of Murtala Muhammed International Airport and Nnambdi Azikiwe International Airport, Abuja.
Keyamo made the call during his speech at the Airline Economics Growth Frontiers Global -Dublin scheduled to hold from Jan. 12 to Jan. 15.
According to him, the Federal Government of Nigeria has taken steps to implement streamlined policies to create an enabling environment for the investors to concession nation`s airports.
“Initiated measures to reduce operational bottlenecks including reviewing airport concession agreements to improve efficiency have been put in place.
“ There is a need to expand Lagos and Abuja airports to enhance capacity and passenger experience, ” the minister added.
Keyamo said the Nigerian aviation sector had experienced significant transportation aligned with commitment to modernise infrastructure, improve safety and foster economic growth.
He said the Nigeria`s Cape Town Convention index that increased from 49 to 75.5, as a result of policies recently implemented by the government, would help improve lessor`s confidence in placing leased aircraft in Nigeria.
“ We hope that our demonstration of supporting economic growth, with aviation being a key factor, will open arms from the industry. We have created multiple platforms to unify aviation stakeholders and increase participation of local financing institutions.
“ We have partnered with our airlines, Boeing, the insurance industry and regional banks to understand the key issues that need immediate attention, and we have been listening and implementing reforms.
“We have developed and signed a working together agreement (MoU) with Boeing to help with safety improvement, operational efficiency, talent development, infrastructure development and capacity building with respect to MRO development, ” he said.
