Nigeria’s aviation market faces passenger traffic erosion

Nigeria’s aviation market faces passenger traffic erosion

Nigeria’s domestic passenger traffic is depleting. The segment experienced consecutive contractions between 2022 and 2024, shrinking the domestic market by nearly two million passengers within three years, writes WOLE SHADARE For over a decade, Nigeria’s domestic aviation sector operated on a simple, predictable trajectory: despite infrastructural hiccups, passenger volumes grew year on year. Terminals were packed, peak hours were chaotic, and securing a flight ticket during the festive season required weeks of strategic planning. Today,…

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Push to de-risk Nigerian aviation market for global investors

Push to de-risk Nigerian aviation market for global investors

The Nigeria Aircraft Acquisition and Investment Summit (NAAIS) 2026, which concluded In Lagos last week, the visit provided a strategic reset for the country’s aviation sector. Moving away from the high-cost model of outright aircraft purchases, it introduced a structured leasing and financing frameworks designed to de-risk the Nigerian market for global investors, writes WOLE SHADARE Orchestrated by the Minister of Aviation and Aerospace Development, Festus Keyamo, the Nigeria Aircraft Acquisition and Investment Summit (NAAIS)…

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