Held at the Providence Hotel, Ikeja GRA, the conference brought together government officials, aviation regulators, airline executives, financiers, and international stakeholders under the theme: “Financing Aviation in Nigeria: The Risks, Opportunities and Prospects.”
The event is regarded as the industry’s premier policy think-tank, offering a platform for hard conversations on the rising cost of operations, aging infrastructure, and dwindling investor confidence.
Industry Leaders Sound the Alarm, and Offer Solutions
In his welcome address, LAAC Chairman Suleiman Idris highlighted the urgency of reforming the sector’s funding model.
“The aviation industry is capital intensive—there’s no shortcut. Without serious investment, from aircraft acquisition to airport infrastructure and safety systems, growth will stall,” he said.
He warned that Nigerian operators face steep financing barriers, including forex volatility, high interest rates, and inconsistent government policies. But he also pointed to the country’s growing middle class and strategic location as untapped opportunities.
“In every challenge lies opportunity. What we need is innovation and an enabling environment,” Idris added.
Keyamo Receives Praise for Bold Steps
The Honourable Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, was applauded for his proactive leadership since taking office.
LAAC commended the minister’s efforts to rehabilitate key infrastructure like the Murtala Muhammed International Airport and to drive reforms through public-private partnerships.
“There’s a renewed urgency and a clear direction. The tone has changed, and so has the pace,” the LAAC chairman noted.
Agencies Get Their Flowers
Heads of major aviation agencies were also recognized for pushing forward with reform, safety, and innovation:
- Capt. Chris Najomo, DG of the NCAA, for raising regulatory standards and consumer protection.
- Mrs. Olubunmi Kuku, MD of FAAN, for infrastructure upgrades and embracing sustainability.
- Engr. Farouk Ahmed, MD of NAMA, for strengthening airspace management.
- Dr. Ismaila Danjuma Adamu, Rector of NCAT, for grooming next-generation aviation professionals.
- Dr. Mustapha Sheikh Abdullahi, Registrar of AAAU, for driving aerospace education and research.
- Prof. Charles Anosike (NiMet) and Capt. Alex Badeh Jr (NSIB), for their roles in safety and weather forecasting.
“Your efforts are being seen, your impact is being felt. LAAC and the nation are watching,” said Idris.
The Media as Watchdog
Idris reminded attendees that LAAC’s role extends beyond reporting, it serves as a watchdog, ensuring transparency and accountability in the sector.
“We’re not just here to report; we’re here to drive conversation, highlight progress, and hold the system accountable,” he stated.
Beyond Talk: A Call to Action
The conference closed with a strong message: enough of dialogue, it’s time for action.
“Let us move beyond talk and begin to finance Nigeria’s aviation future with the urgency it deserves,” Idris urged.
Participants agreed that with coordinated efforts between government, investors, operators, and the media, the sector can overcome its hurdles and unlock its true potential.
“Aviation is about more than planes—it’s about policy, people, and national pride,” Idris concluded.
@2019 The Ameh News: All Rights Reserved
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