45 Airlines In Nigeria Bankrupt In Last 25 Years

Participants at a Ministry of Transport’s Aviation Stakeholders’ Forum were shocked when Captain Mohammed Joji, a former Managing Director of the Nigeria Airways, disclosed that 45 airlines operating in the country have gone under in the last 25 years.

Joji said despite over $39 billion invested in the country’s aviation sector by the private sector, airlines’ indebtedness have continued to climb higher.  He stressed that the industry was in such dire strait because it still largely import dependent and dollar based.

He urged the Minister of Aviation to brace up for the task ahead as a lot was needed to put the sector on the right footing.

In his contribution, Hadi Sirika, Minister of State for Aviation,also lamented the problems facing the industry, saying airport and airspace infrastructure in many of the airports have become obsolete and dilapidated.

Source: ICIR