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You dey Read: Nigeria don begin process to unlock $7.2bn aviation GDP contribution
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Nigeria don begin process to unlock $7.2bn aviation GDP contribution

Nigeria don begin di process of unlocking di over $7.2 billion (over N3.3 trillion) aviation annual contribution to Nigeria’s Gr...

Chima Ugo
Chima Ugo April 19, 2023
Updated April 19, 2023 at 1:08 AM
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Nigeria don begin process to unlock $7.2bn aviation GDP contribution
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Nigeria don begin di process of unlocking di over $7.2 billion (over N3.3 trillion) aviation annual contribution to Nigeria’s Gross Domestic Product (GDP) wey dem don predict say e go dey reach by 2038. Dis kain effort na im dem start for Abuja on Tuesday, during di Single African Air Transport Market Pilot Implementation Project (SAATM – PIP) Coalition Roadshow.

According to di report wey Embraer do on SAATM for 2020, if dem dey use di forecast wey dem get from ICAO on traffic and economic impact, by 2038, Nigeria aviation industry go contribute up to $1.3bn to GDP. If dem come add the induced and indirect effects wey tourism go bring, e go rise to $7.2bn.

Di aviation industry go fit generate up to 800,000 jobs, and 60,000 of those jobs go dey directly linked to airline operations. For di roadshow, dem focus on fifth-freedom routes, and to get am, dem need three countries wey go work together, and Nigeria na one of di three countries wey dem don choose.

Di Secretary General of African Civil Aviation Commission (AFCAC), Adefunke Adeyemi, talk say dem wan increase the routes' penetration from 14.5 per cent to 30% by 2025.

Nigeria Civil Aviation Authority (NCAA) Director General, Capt. Musa Nuhu, talk say Nigeria na di first country wey dis roadshow dey happen. "Make those wey don commit, start work. So, if others see the benefits, dem go join", na wetin he talk.

He come add say African civil aviation authorities (CAA) need to help facilitate di process.
Tags: Nigeria
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