Nigeria Air to start operations in April 2022


Nigeria Air

FIRS

The proposed national carrier will begin flights in April next year, Aviation Minister Hadi Sirika said.

The development came three years after the federal government announced plans to create a new national carrier, following the liquidation of Nigerian Airways in 2003.

At the end of a virtual meeting of the Federal Executive Council chaired by President Muhammadu Buhari at the Presidential Villa in Abuja on Wednesday, Sirika told State House correspondents that the federal government would not hold more than five percent of the capital. of the national airline.

According to him, Nigerian entrepreneurs will own 46% of the shares while international strategic partners will own 49% of the shares.

The minister said his ministry presented two memorandums which were approved by the FEC.

“The next one is also the approval of the business case for the creation of the national carrier and this is the sixth time that the memorandum has been presented to the Board. The sixth time, we were lucky to be overwhelmed by the Council.

“The structure of the proposed airline; the government will not own more than five percent. So five percent is the maximum capital the government will take, then 46 percent will be owned by Nigerian entrepreneurs. So if you add that up, it’s 51 percent.

Sirika noted that 49% of the capital would be held by strategic partners who would be supplied during the procurement phase.

He added: “This airline, if launched, in the early years, will generate around 70,000 jobs. Those 70,000 jobs are more than the total number of public servants we have in the country. Its importance has been well discussed, therefore; I will not come back to that. You had discussed it separately also on various forums as to its necessity. “

Speaking of the second memo, the Minister said: “Today in the Council, Civil Aviation presented two memoranda. The first is the approval of the award of a contract for the supply of automated civil aviation regulatory equipment, including software support and training, which will be located at Nnamdi Azikiwe International Airport.

“In summary, this is software that will allow all civil aviation regulatory activities to be performed electronically on a single platform, including payments, including personnel license tracking. , medical examinations, economic regulation of airlines, safety regulation of airlines and all other businesses under the envelope of civil aviation will be monitored by this unique software.

“It is called the ‘truth machine’ in Europe because the whole truth of the regulation of civilization will appear on this platform. It is extremely important software that the world has now come to terms with.