Aviation stakeholders push for policies to attract businesses

Mabel Kanu, Lagos

Some of the Aviation Stakeholders during the Annual Lecture.

Aviation Stakeholders have called on the Nigerian government to take decisive steps to develop the sector by providing an enabling environment that would attract investment, rather than scare away local and foreign investors from the sector.

The President of Aviation Roundtable (ART), Mr Gabriel Olowo, while delivering a paper during the 23rd Annual Lecture, organised by the League of Airports and Aviation Correspondents in Lagos, noted that Nigeria make policies but summersault due to lack of necessary measures to sustain and implement such policies.

Policy thrust
Olowo opined that to drive more investments in the industry, Nigeria must put into place operational excellence, stakeholder’s satisfaction, safety and security assurances, regulatory effectiveness as policy thrust.

The Chairman of the occasion, MD/CEO Med-View Airline, Mr Muneer Bankole said Nigerian local airlines are not yet able to measure up to the expectation of maximising the country’s potential despite over 200 million populations to their advantage which other foreign airlines are feasting on.

He noted that from the late 80s till date the industry’s performance has dropped rapidly as a result of ‘politisation’, overbearing governmental intervention and policy inconsistency.

Bankole stressed that scarcity and high cost of aviation fuel, poor facility at airports, obsolete infrastructure, multiple taxations, shortage of forex for airline operators, multiple designation for the foreign carriers and absence of Maintenance Repair and Overhaul (MRO) facility causes deceleration in development of a domestic airline which falls within the average of Five to 10 years.

Vital catalyst
Speaking on Nigeria Aviation ‘Vision 2030’, Chief Executive Officer, African Aviation Services, Mr. Nick Fadugba said that aviation can be a vital catalyst for Africa’s economic growth and social advancement.

“The sector needs a safe, reliable, efficient and portable air transport industry that facilitates business, trade and tourism across the continent and between Africa and world,” he said.

Fadugba highlighted aviation safety, security, training, regulatory oversight, infrastructure, liberalisation, modernisation, funding, efficiency, affordability and profitability as challenges faced in the industry, all of these he said, need to be improved significantly.

Chairman of LAAC, Mr. Olusegun Koiki called for the need for policy measures that can address anti-investment situations in the industry while attracting both local and Foreign Direct Investments (FDIs) and up stakeholders effort in pursuit of growth and development expectations.

Koiki said that Nigerian Aviation Industry has suffered and still suffering from government policies and their summersaults as players in the industry which has been negatively impacted hence struggling to remain in business.

He said the Annual Lecture with theme “Boosting Aviation Investment Though Policy: Government Perspective” was informed by the growing concerns regarding safety and securities and how they have significantly impacted the response of investment and policies of government towards safeguarding investment routes.


Sammie Idika