{"id":288630,"date":"2023-09-13T16:14:19","date_gmt":"2023-09-13T15:14:19","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=288630"},"modified":"2023-09-13T16:14:19","modified_gmt":"2023-09-13T15:14:19","slug":"fg-ready-to-make-nigeria-aviation-hub-of-africa-keyamo","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/09\/13\/fg-ready-to-make-nigeria-aviation-hub-of-africa-keyamo\/","title":{"rendered":"FG ready to make Nigeria aviation hub of Africa \u2013 Keyamo"},"content":{"rendered":"<ul>\n<li><strong>Says current administration was ready to achieve the feat by tackling challenges in the aviation industry to attract foreign investors<\/strong><\/li>\n<li><strong><strong>Says government is already looking at the Aircraft Leasing Company, Aircraft Maintenance Organisation, Forex availability and Tax holidays to improve the aviation business in Nigeria<\/strong><\/strong><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p>The Minister of Aviation and Aerospace Development, Mr Festus Keyamo says the Federal Government is ready to make Nigeria the aviation hub of Africa.<\/p>\n<p>Keyamo stated at the seventh edition of the Aviation Africa Summit and Exhibition 2023 this on Wednesday in Abuja.<\/p>\n<p>According to him, the current administration was ready to achieve the feat by tackling challenges in the aviation industry to attract foreign investors.<\/p>\n<p>\u201cThe government is already looking at the Aircraft Leasing Company, Aircraft Maintenance Organisation, Forex availability and Tax holidays to improve the aviation business in Nigeria.<\/p>\n<p>\u201d This includes upgrading of the Cat3 landing system, at major airports, construction of the second runway in Abuja, airport improvement programmes through concession and government willingness to partner with companies to turn major airports into Aerotropolis.<\/p>\n<p>\u201cThe government welcomes major players in aircraft leasing and Head lessors to invest in Nigeria airlines to provide state of the art aircraft,\u201d he said.<\/p>\n<p>Keyamo said the government would ensure enforcement of contract agreements, rights of investors and indeed all parties were protected as Nigeria being a signatory to the Cape Town Convention to uphold international obligations.<\/p>\n<p>The minister said Maintenance, Repair and Overhaul (MRO) facility was another critical component that could make the Nigerian aviation industry a hub on the continent.<\/p>\n<p>\u201d With the shortage of qualified engineers, the current administration is willing to provide all the necessary support for the establishment of a world class MROS and training organisation.<\/p>\n<p>\u201cThe current administration is aware that one of the setbacks entrepreneurs have suffered in Nigeria in recent years is the fluctuation of foreign exchange and its availability.<\/p>\n<p>\u201cThis administration is committed to ensuring that forex is readily available to entrepreneurs and I have directed that the Central Bank of Nigeria (CBN) holds quarterly reconciliation meetings with a view to resolve this issue,\u201d he said.<\/p>\n<p>He further explained that the current administration was open to providing tax holidays to encourage existing and new entrants into the Nigerian Aviation Sector.<\/p>\n<p>\u201d I wish to reiterate that my administration, will continue to sustain the support being given to the industry.<\/p>\n<p>\u201cI firmly believe that as key players and decision makers, this summit will provide the required atmosphere for you to discuss, and identify recovery strategies that would attract private investors to support the funding of infrastructure projects.<\/p>\n<p>\u201cBy building a transparent, stable and predictable investment climate, as well as include aviation in the continent\u2019s national development plans.<\/p>\n<p>\u201cNigeria is honoured to have these distinguished captains of aviation industry and industry stakeholders, from all over the world who are participating in this event,\u201d he said.<\/p>\n<p>According to him, air transport remains an essential component of the global transportation system as a crucial driver of economic, social and cultural development worldwide.<\/p>\n<p>He said air transport generated economic growth and development, provides jobs and fosters a range of socio-economic benefits.<\/p>\n<p>Keyamo said the continued promotion of collaboration, knowledge sharing, and business development within the African aviation community, would address all the significant and structural challenges.<\/p>\n<p>\u201cHaving this unique and important event for the seventh time demonstrates the organizer\u2019s determination and interest to support the sustainable development of air transport in Africa.<\/p>\n<p>\u201cI therefore wish to take this opportunity to appreciate Times Aerospace Limited, which has been the champion of the Aviation Africa Summit as well as making Nigeria the first country to host this noble event in West Africa.<\/p>\n<p>\u201cThe recent global events further exposed the immense contribution and importance of air transportation as a catalyst for economic development, vital engine of global socio-economic growth.<\/p>\n<p>\u201cOne of the greatest contributors to the advancement of modern society and a key instrument for achieving the United Nations Sustainable Development Goals (SDGs),\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Says current administration was ready to achieve the feat by tackling challenges in the aviation industry to attract foreign investors Says government is already looking at the Aircraft Leasing Company, Aircraft Maintenance Organisation, Forex availability and Tax holidays to improve the aviation business in Nigeria The Minister of Aviation and Aerospace Development, Mr Festus Keyamo [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":262859,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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