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The Group Managing Director of Finchglow Holdings, Bankole Bernard has lamented the inconsistent data from various agencies of aviation is impeding industry growth, adding that a central data system would solve 50% of our challenges, providing a reliable foundation for policy formulation and business planning.
Bernard made the disclosure last week as one of the panellists at the 28th annual conference of the League of Airport and Aviation Correspondents (LAAC) with the theme: ‘Aviation Survivability Amidst A Challenging Macro-Economic Environment.’
He regretted that different agencies in the sector release diverse data for the industry, maintaining that the sector couldn’t survive without a central data system.
Bankole Bernard
He equally emphasised that the lack of verifiable data was slowing down the growth of the industry, stressing that the sector was not lacking in expertise.
He argued that with a verifiable central data system, 50 per cent of the challenges in the sector would be solved.
He said: “It is impossible for us as an industry to survive without having a central data system. Without a central data system, we are formulating our policies and making plans without a clear basis, and consequently, we are thriving in business without a solid foundation.”
Bernard urged the Federal Government and its agencies in the Nigerian aviation industry to be purposeful with data gathering for the sector’s growth.
The government was also urged to create an enabling environment for businesses. Addressing the issue of fluctuating currency, Bernard decried the continuous depreciation of the naira against the dollar, noting its adverse effect on operational costs.
He called on the government to create policies that support the industry and maintain continuity to ensure sustainability.
“Everything in our industry is dollarised, impacting our operations significantly. The government can initiate supportive policies to sustain the industry and help it stay afloat.
“Policy somersaults with each new government hinder our industry. Continuity in existing policies is crucial for our survival and growth,” he said.
In a related development, the Managing Director of FCM Nigeria, Adejoju Olutimayin affirmed the need for comprehensive travel management solutions in today’s fast-paced business environment.
Speaking at the 28th Annual Conference of the League of Airport & Aviation Correspondents (LAAC) held in Lagos, Olutimayin, who delivered an address on the importance of adaptability and innovation in the corporate travel sector, noted that in a macroeconomic environment marked by uncertainty, highlighted FCM’s commitment to delivering tailored travel solutions that prioritise client needs.
She said, “Our technology, travel policies, and uniform service globally are designed to provide a seamless experience for our clients”.
She underscored the importance of comprehensive travel management, integrating technology such as machine learning, and data analytics. Our FCM Platform streamlines travel booking, expense management, and real-time support, ensuring top-notch service for our clients.”
“Our proprietary technology tools such as the FCM Platform that connects the traveller, the booker and the arranger allow streamlined travel booking and expense management. FCM Nigeria, a global travel management company, offers tailored services that incorporate technology, effective travel policies, and cost management strategies to ensure seamless travel experiences for corporate clients.”
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