The Nigerian government has revealed the name and logo of the new national airline on today, the 18th of July, 2018.
The unveiling was done at Farnborough Air Show in London. The Farnborough International Airshow is the industry's largest air show and aerospace technology exhibition. In attendance were thousands of commercial and defense aerospace professionals, the Nigerian Minister of Aviation as well as other dignitaries.
The Minister of State for Aviation, Sen. Hadi Sirika said he would explore every opportunity available at the air show to attract more prospective investors into the Nigerian aviation environment.
The Minister also added that by December 19, the first five aircraft of the airline would be delivered.
This is a phenomenal achievement in Nigeria, “The new national carrier will bring Nigeria closer to the world,” the presidency said.
The Minister of State for Aviation, Sen. Hadi Sirika during the conference said “It is a business, not a social service. The government will not be involved in running it or deciding who runs it. The investors will be solely responsible for running the business.
“The Nigerian Government will not own more than 5%) of the new National Airline. The government will not be involved in running it or deciding who runs it,” he added.
This is a huge accomplishment by the Buhari administration coming after 15years of shuttling down the Nigerian owned airline on the basis of mismanagement. The initial take off was financed by the government but afterward, the business would be privately owned.
The airline pre-startup cost is $8.8 million and will cost over $300 million in the next three years.
The airline will have flights on 81 domestic, regional and international routes. This feat would help to promote the country’s economy, culture and put the country on the world map.
This is also a valuable business with a lot of potentials, the aviation sector is an untapped industry that Nigeria has not considered since the collapse of the Nigerian Airways
New terminals in Lagos and Abuja Airports will add 11 million passenger capacity in each of the two airports. Lagos currently does 8 million per annum (was built in 1979 for 200,000 passengers annually), while Abuja does 5 million."
This latest development is a medium of saying Nigeria, particularly Buhari’s Administration has done something that all other administrations could not despite the available resources.