Economy Archives - Aviation metric

Insurance protection gap threatens Nigeria’s economic resilience

Posted on September 17, 2026September 17, 2026 by Wole Shadare

Nigeria’s economic growth could remain vulnerable to major financial shocks unless the country urgently addresses its wide insurance protection gap. SanlamAllianz Life Insurance Nigeria Limited Chairman, Dr Femi Oyetunji, says millions of households, businesses, and public assets remain exposed to losses that could undermine economic stability. Speaking on Wednesday at the All-Inclusive Mass Media Training on Insurance Awareness, Oyetunji said the insurance challenge should no longer be viewed as an industry-specific issue, but as a…

“How Airlines’ Collapse Threatens Nigeria’s Wider Economy”

Posted on April 29, 2026April 29, 2026 by Wole Shadare

President of the Aircraft Owners and Pilots Association, Alex Nwuba, has highlighted the profound multiplier effect that aviation has on a nation’s economy, particularly in a country like Nigeria. He warned that when an airline collapses, the impact is rarely confined to the company itself; it ripples through several critical sectors. Speaking against the backdrop of the volatility in jet fuel and its implications on the fragile state of Nigerian carriers, the speaker said airline…

Jibodu: How Nigeria can transform air cargo as economic enabler

Posted on September 16, 2025September 16, 2025 by Wole Shadare

Nigeria’s e-commerce value projected to hit $18.8 billion in 2030 The Acting Chief Operating Officer and Head, Aeronautics and Cargo Services of Bi-Courtney Aviation Services Limited, Mr. Remi Jibodu, said Nigeria can transform air cargo into a true enabler of economic growth, adding that the country has all it takes to develop a national cargo logistics policy that integrates domestic air cargo into other multimodal transport. He equally noted that for cargo to be an…

‘Single window initiative aligns with FG’s $1 trillion economy’

Posted on February 3, 2025February 3, 2025 by Wole Shadare

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, has urged stakeholders to embrace the Single Window Initiative. This vision she said aligns with the Federal Government’s goal of expanding the national economy to $1 trillion. Speaking at the sidelines of the National Single Window Stakeholders’ Forum in Lagos, she emphasized the initiative’s role in enhancing trade facilitation and positioning Nigeria as a global economic powerhouse. Kuku highlighted the Single…

Aviation holds potential for economic transformation, says DG NCAA

Posted on December 15, 2024 by Wole Shadare

The Acting Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Chris Najomo said Nigeria’s aviation sector holds great potential for driving economic transformation, connecting communities, and promoting regional integration. The benefits of these efforts he said are already evident with the country’s improved ranking on the Aviation Working Group’s Cape Town Convention Compliance Index which he said is a testament to the progress. He noted that the aviation regulatory body would ensure the…