in Business & Finance

Air transport infrastructure and connectivity to key to boosting Nigeria's economy

Posted 7 August 2017 · Add Comment

The International Air Transport Association (IATA) says more jobs could be created and additional economic growth achieved in Nigeria if the West African nation used the transformative power of aviation as a strategic pillar to further strengthen and enhance its economic recovery and national development.

This is the message that will be conveyed by IATA’s Regional Vice President for the Middle East and Africa, Muhammad Ali Albakri, who will lead a delegation from the global industry body, in a series of high-level meetings in Lagos with stakeholders across the Nigerian aviation value chain.

“Air transport in Nigeria supports more than 650,800 jobs including tourism-related employment, while contributing US$8.2 billion to the country‘s GDP. Over the next ten years passenger volumes are forecast to grow more than 7% annually, exceeding the global average by a healthy margin. For Nigeria this means an additional 7.9 million passengers will take to the sky every year, creating significant opportunity to accelerate economic growth, boost prosperity and support development,” said Albakri.

“Despite significant investment in Nigeria’s aviation sector, the country’s air transport infrastructure still ranks low among African states. IATA recognises and supports the positive developments by the government on infrastructure and aviation processes, urging continued adherence to international best practices and an optimal regulatory environment. Now that the country is emerging from recession, aviation can unlock the enormous economic potential that exists within Nigeria. We encourage the government to continue to promote aviation for its role as a catalyst and socioeconomic enabler for the country, and to promote stronger connectivity within Nigeria and its neighbouring African countries. In addition, now is the time to continue to invest in modern and efficient infrastructure to accommodate the future traffic growth that will occur,” he concluded.

During his visit to Nigeria, Albakri’s delegation will meet industry stakeholders from the Nigerian Civil Aviation Authority, the National Association of Nigerian Travel Agents, IATA member airlines based in Nigeria and other domestic and international airlines. 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

IATA Regional Aviation Forum opens in Nairobi

The IATA Regional Aviation Forum in Nairobi was officially opened this morning by Aaron Munetsi, director of government and international affairs – AFRAA.

IATA Forum: The importance of air transport in Kenya

The International Air Transport Association (IATA) presented its latest study on the economic value of air transport and tourism to Kenya at the IATA Regional Aviation Forum in Nairobi and identified opportunities for significant

EgyptAir in codeshare with United Airlines

EgyptAir has entered a codeshare agreement with United Airlines.

Desert dust’s open season on engines

Maintenance trends in Africa map the prevailing weather conditions. During the Harmattan season, for example, MROs usually notice a spike in engine-related events.

Ethiopian launches ‘Feel Addis’ app

Passengers flying Ethiopian with layover between 8 and 24 hours in Addis Ababa are set to have their end-to-end layover experience transformed in a whole new way with the launch of the airline’s digitised transit package dubbed Feel

Benefits from pan-African outlook

African aviation is prone to frequent change, according to AJW group sales director, Hafsah Abdulsalam.

AVMENA20 SK1309100620
See us at
AVAFA20BT2207050320MEBAA BT2006260919Dubai AS BT2006211119AVMENA20 BT1309100620