Festus Keyamo, the Minister of Aviation and Aerospace Development, is urging airline operators to patronise local caterers, especially for outbound flights, saying it would promote Nigeria’s cultural heritage and economic development. 

FG Earmarks N30bn For Nigeria Air, New Projects   The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. An analysis of the 2023 budget presented to the...

Aviation Sector Leads With N117bn Contribution To GDP In H1, 2022 - NBS   The aviation sector has contributed more to the Nigerian economy in the first half of 2022 with at least N117.3 billion, said the National Bureau of Statistics (NBS). The NBS, in the Nigeria...

Amid Crisis, Aviation Sector’s GDP Declines By 61%   The foreign exchange and fuel crises that have plagued the aviation sector seem to have led to a decline in the sector’s contribution to the Gross Domestic Product by 61.47 per cent. The nominal GDP output of the...

CBN Set to Save Aviation Sector, Releases $265 Million to Airlines In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) on Friday, August 26, 2022, released the sum of $265 million to airlines operating in...

Aviation Sector Contribution To GDP Contracts By 38.86%       The Gross Domestic Product report released by the National Bureau of Statistics has shown that air transport under the transportation and storage sector contracted by 38.86 per cent in the third quarter of 2020. The subsector contracted by...