The Federal Government has disclosed that Nigeria aims to launch a new national airline and will seek to sell a minority stake to a foreign airline or financial institution.
The Federal Executive Council (FEC), on Wednesday, approved April 2022 as the commencement date for the operations of Nigeria Air, the nation’s national carrier.
Senator Hadi Sirika, the Minister of Aviation, Rotimi Amaechi, the Minister of Transportation and Dr. Zainab Ahmed, the Finance, Budget and National Planning Minister, revealed this to newsmen after the weekly meeting.
Sirika revealed that 49 per cent of the Nigeria Air project will be owned by strategic equity partners and 46 per cent by Nigerians while five percent of the shares will go to the FG.
The Minister also revealed that the council approved N1.49 billion for the provision of Automated Civil Aviation Regulatory Equipment to be located at Nnamdi Azikiwe International Airport, Abuja.
“Today in Council, Ministry of Aviation presented two memoranda. The first one is approval for the award of contract for the provision of Automated Civil Aviation Regulatory Equipment, including the software support and training, which will be located at Nnamdi Azikiwe International Airport, Abuja.
“In summary, this is the software that will allow all of the activities of civil aviation regulations to be done electronically on one platform, including payments, follow-ups on personnel licenses, medicals, economic regulation of airlines, safety regulations of airlines and all other businesses within the envelop of civil aviation, will be monitored by this single software. So, that has been approved.
“This one also is the approval of the Outline Business Case for the establishment of the National Carrier. This is the sixth time the memorandum appeared before the council and the sixth time got lucky to be passed by council,” he said.
On the Nigeria Air structure, the aviation minister said Nigerian entrepreneurs will own 46 percent. He added that the operations of the new airline would provide over 70,000 jobs for Nigerians, stating that this is higher than the total number of civil servants working in the Nigerian ministries.