GDP

Nigeria’s aviation contribution to GDP hits $2.5 billion-AFCAC scribe

Posted on by Wole Shadare
Nigeria’s aviation contribution to GDP hits $2.5 billion-AFCAC scribe

  How Nigeria can tap into SAATM potential The Secretary-General of the African Civil Aviation Commission (AFCAC), Ms Adefunke Adeyemi, said that the Single African Air Transport Market (SAATM) is a strategic roadmap to transform Nigeria into Africa’s aviation powerhouse. This came as Nigeria saw its aviation’s contribution to the country’s Gross Domestic Product (GDP) increase to $2.5 billion this year from $1.7 billion.  She also stated that Nigeria should focus on the vast opportunities…

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IATA: Europe, largest int’l market for passenger flow from Nigeria, aviation contributes $2.5b  to  nation’s GDP

Posted on by Wole Shadare
IATA: Europe, largest int’l market for passenger flow from Nigeria, aviation contributes $2.5b  to  nation’s GDP

  195,700 tonnes of cargo transported through Nigeria in 2023 Tourism contributes $454.1 million to GDP and employs 66,600 people   The International Air Transport Association (IATA) has weighed in on Nigeria’s aviation industry, disclosing that Europe is the largest international market for passenger flows from Nigeria, followed by Africa and North America. It further revealed that international air traffic accounted for 23% of total origin-destination (O-D) departures for Nigeria in 2023, equivalent to 2.1 million…

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