Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has rolled out his five-point agenda for Nigeria’s Aviation sector, which he said were arrived at upon review of the “progress made so far vis-a vis the existing gaps” in the Aviation Ministry.
Speaking on Tuesday during a Webinar themed: “Repositioning The Aviation Sector For Revenue Generation And Growth: The Role Of The Legislation”, Keyamo listed the five-point agenda as: Strict Compliance with national laws and regulations; and international obligations; Improvement and Development of Infrastructure for Passenger Convenience; Support for the growth and sustenance of Local Airline Businesses; Human Capacity Development and; Optimization of Revenue Generation.
He noted that the Nigerian Aviation industry is characterized by evolving market dynamics and global uncertainties, hence the need to reposition the sector for sustainable growth. Doing this he said, “requires vision, resilience, finances, and collaboration”.
He added that under his watch, the Industry is going through a new round of transformation and adjustment. “To actualize the 5-point Agenda for the growth of the Nigerian Aviation value chain, the Ministry is looking forward to a new phase of partnership and collaboration, by leveraging the immense opportunities in the sector to attract Foreign Direct Investment (FDI) and Joint-Venture Partnerships with heads of international economic organizations, presidents of transnational corporations and principals of leading privately-owned enterprises”.
“Our aviation sector is not just an industry; it’s a vital lifeline connecting nations, enabling trade, fostering tourism, and driving economic growth. The theme of this webinar aptly addresses one of the priority areas of the administration of President Ahmed Bola Tinubu.
“Indeed, an efficient air transport contributes to economic growth and development. Data from the National Bureau of Statistics (NBS) shows that Aviation Sector has contributed about 117 billion Naira which is 4% to the National GDP in the first quarter of 2022; it supports about 200,000 jobs and pays about 8.5 billion Niara in tax annually,” Keyamo said at the Webinar organized by Olisa Agbakoba, SAN.
