Aviation Archives - Page 9 of 9

NAMA MD: Performance bond pivotal to advancing aviation sector

Posted on January 14, 2024January 14, 2024 by Wole Shadare

In the wake of the inauguration/induction of newly appointed Chief Executives and Directors, the Managing Director of the Nigerian Airspace Management Agency (NAMA), Engr Ahmed Umar Farouk, has highlighted the pivotal role of performance bonds in advancing the aviation sector. Farouk made this disclosure during the in-house inauguration/induction for the newly appointed Chief Executive Officers and Directors of aviation agencies held in Abuja. He pledged NAMA’ s dedication to surpassing expectations, tackling challenges, and aligning…

Tough year for aviation, cautious optimism for 2024

Posted on January 2, 2024 by Wole Shadare

The year 2023 was tough for the aviation industry in Nigeria. Despite this, the sector still recorded some positives while 2024 could determine whether the sector would get out of the doldrums is a matter for both the policymakers and the players to reposition a sector that urgently needs a rescue, writes, WOLE SHADARE Troubled year The year 2023 came with a lot of troubles for the airlines and they would likely encounter more turbulence in…

Aviation to gulp N63 billion in 2024, Minister wants extra N81 billion for Abuja second runway

Posted on December 12, 2023December 12, 2023 by Wole Shadare

2023 budget performance put at 40% The entire budget of the Ministry of Aviation and Aerospace Development would gulp N63 billion while the performance of the budget of the Ministry last year was at 40%. The bulk of the budget is expected to go into critical projects such as the Abuja second runway; upgrade and rehabilitation of the old terminal of Lagos airport which the Minister, Festus Keyamo said were vital projects that need urgent…

Knee-jerk reactions expose aviation soft underbelly

Posted on December 5, 2023 by Wole Shadare

The past week witnessed one of the best confusion ever witnessed in the country’s aviation sector over United Nigeria’s mistaken flight to Asaba. The NCAA and by extension, the Minister panicked over what should just have gone as one of the mistaken flights. The reaction sent a wrong signal to investors and the global aviation industry, writes, WOLE SHADARE Difficult week The past week was awash with an incident involving an incident involving United Nigeria flight…

Nigeria’s aviation space struggling to harness potential @ 63

Posted on October 2, 2023October 2, 2023 by Wole Shadare

The aviation industry in Nigeria has evolved over time in the past 63 years. The sector has made an appreciative impact on one hand and faces numerous other challenges that have hampered it from achieving its potential. The growth in the sector took a long time to achieve. The question is: Is the sector supposed to remain where it is today? The answer is no, writes WOLE SHADARE Peep into sector Despite the aviation industry being…

Aviation’s contribution to economy insignificant despite potential, says Nwuba

Posted on September 26, 2023 by Wole Shadare

President of Aircraft and Owners Pilots Association of Nigeria (AOPA), Dr. Alexander Nwuba has lamented the insignificant contribution of aviation in Nigeria to economic growth despite its potential to generate revenue, create employment, and spur the development of other industries such as hospitality and tourism. Nwuba in a paper he presented at a Webinar, entitled, “Repositioning the aviation sector for revenue generation and growth: Role of Legislation, “branded the country’s airlines as one of the…

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