Nigerian aviation industry is in dire straits. A critical sector strategic to the nation’s economy has never been in such a protracted strain for this long. Like a ship on a voyage already struggling to survive internal challenges to avoid shipwreck, got pummeled by a virulent storm of Covid-19 in 2022.
Nigerian flying public has been experiencing incessant flight delays, cancelations and astronomical increment in air fares. As a result of these ugly developments, a lot of Nigerians can no longer afford to fly neither will they risk traveling on the road for fear of being kidnapped. An auspicious time like this calls for pragmatic actions from Federal Government to provide leadership out of the doldrums.
So, the big question is, why a national carrier now? Is it not ill—timed and wrongly advised? Ministry of Aviation said that Federal Government would only have five percent equity interest in it, who are the remaining 95 percent shareholders? Information from the grapevine insinuates that 49 percent is reserved for a foreign interest, possibly an airline, while 46 percent is reserved for Nigerian investors.
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