The Minister of Aviation and Aerospace Development, Festus Keyamo, has highlighted the importance of sound policy development as the foundation for attracting strategic investment into Nigeria’s aviation sector.
Speaking while receiving a delegation from the Ministry of Finance Incorporated (MOFI) in his office yesterday, Keyamo described MOFI as “the missing link” in ongoing efforts to reposition the industry. The team was led by MOFI’s Managing Director, Dr. Armstrong Ume Takang, and accompanied by their Qatari partner, Power International Holdings, during the visit.
The Minister, who warmly welcomed the opportunity for closer collaboration, announced that both parties had agreed to establish a joint working group to accelerate key investment initiatives. “Sound policies backed by the right partnerships are the catalysts for sustainable growth,” Keyamo said. “This collaboration strengthens the framework needed to achieve Mr. President’s vision of a world-class aviation sector that can compete globally.”
Dr. Takang commended Keyamo’s leadership and applauded recent aviation initiatives, including the Cape Town Convention (CTC) and the Irrevocable Deregistration and Export Request Authorisation (IDERA), describing them as “a masterstroke toward building a resilient aviation sector capable of attracting significant capital.”
He stressed that MOFI’s collaboration with the Ministry of Aviation and Aerospace Development would play a pivotal role in unlocking investment opportunities critical to achieving President Bola Ahmed Tinubu’s trillion-dollar economy target.
The visiting team also presented strategic areas for partnership aimed at bolstering infrastructure, improving operational efficiency, and positioning Nigeria as a key aviation hub on the continent.
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