FG Welcomes Investments into Nigeria’s Aviation Sector

FG WELCOMES INVESTMENTS INTO NIGERIA’S AVIATION SECTOR

Minister of Aviation and Aerospace Development, Festus Keyamo has reiterated the Government’s interest in investment in the Aviation sector. He said Nigeria’s arms are opened to investors.

Keyamo made this statement while receiving Egyptian Minister of Civil Aviation, Lt. Gen Mohammed Abbas Helmy (Rtd) today in his office in Abuja.

While appreciating the Egyptian Civil Aviation team for their offers for Maintenance, Repairs, and Overhaul (MRO) services and other technical supports to Nigeria’s aviation sector, Keyamo said the Nigeria Government is keen on transforming the Aviation industry by inviting innovative minds to help develop the sector. He alluded that Nigeria is an attractive country to invest in owing to its population and available market for all.

“Most of African countries have run into liquidity and is affecting the aviation sector also. Africa has a liquidity problem and it has affected aviation sector development in terms of infrastructure: terminals, runways and safety equipment”. keyamo noted.

In his remark, the Egyptian Aviation Minister, Lt.Gen Helmy (Rtd) said that the ambitions and aspirations of Egypt and Nigeria are similar and only through cooperation can the experience from both sides be put forward.

He noted that civil aviation is one of the revenue-generating income to the National economy and that Egyptian civil aviation is offering to concessions to run Nigerian airports and build airports in a manner that is sought by Nigeria through the private sector.

He added that the Egypt Air Company owns an MRO that is dedicated to give adequate support which can also be an area of cooperation between the two countries. He concluded by inviting the Minister and officials of the Ministry of Aviation and Aerospace Development to Egypt for an exploratory visit in Cairo sometime in November this year.

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