Friday, February 3, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Nigeria passenger traffic to grow at seven per cent in 10 years — Business — The Guardian Nigeria News – Nigeria and World News

by e-Naira Online News
June 17, 2022
in Business
Reading Time: 2 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


…As NCAA plans to unbundle regulations to attract investors

Analysts have projected that Nigeria’s passenger traffic will exceed that of the global aviation sector with about a seven per cent growth rate in the next 10 years, while the global industry remains at 5.3 per cent.

The Director, Commercial and Business Development of the Federal Airports Authority of Nigeria (FAAN), Sadiku Rafindadi, while speaking at the National Aviation Conference Investment Forum yesterday, in Abuja, noted that the aviation industry is pivotal to the socio-economic growth of Nigeria.

He disclosed that in 2020, the domestic and international passenger traffic stood at 9.3million as against 15.8million in 2021, representing a difference of 41 per cent.

Citing a recent aviation sector study by International Air Transportation Association (lATA) in June 2020, Rafindadi said the organisation showcased the significant contributions of aviation to the national economy by providing 241,000 jobs, directly and indirectly, supported through the sector’s supply chain to the tune of $1.7 billion to the national economy.

The Director lamented that the Nigerian aviation market is huge, yet untapped, but FAAN intends to harness available opportunities with the 21 airports in its control.

He added that the sector is strategically positioned to take advantage of expected growth in the African market due to its proximity to Europe, Middle East and the rest of Africa as most of West & Central Africa is within a 4-hour flying time from Nigeria with no clear dominating airline present.

He stated that FAAN is changing its business model for a self-sustaining framework through increased private sector participation, thereby, reducing the financial burden on the government.

Rafindadi said FAAN is maximizing the contribution to the socio-economic development of Nigeria through increased tourism, trade and inflow of FDI; focusing on the growth of agro-allied and improved economic processing zones at the designated airports.

The Director-General of the Nigeria Civil Aviation Authority (NCAA), Capt. Musa Nuhu in his remarks mentioned that the 12,000 hectares for the development of Abuja airport recently provided the FCTA offers an opportunity for investors to invest in the Nigerian aviation industry.

He maintained that the Nigerian aviation industry offers several opportunities for investments and as a regulator, they are working to unbundle the regulations so as to make it easier for people to invest in all areas, especially in general aviation.





Source link

Tags: businesscentGrowGuardianNewsNigeriapassengertrafficWorldYears
Previous Post

Sell-off in 22 stocks drag NGX indices by N197b as global market plunges — Business — The Guardian Nigeria News – Nigeria and World News

Next Post

FCTA to recover N29 billion ground rent debts from property owners in Abuja

Related Posts

Business

Dollar To Naira Exchange Rate Today (Fri. Feb. 3, 2023)

by e-Naira Online News
February 3, 2023
Business

Capital Hotels renames Sheraton Abuja after management faceoff

by e-Naira Online News
February 2, 2023
Business

NNPC, Daewoo signs agreement to fix Kaduna refinery

by e-Naira Online News
February 2, 2023
Business

Young business lawyer spotlight: Temitope Sowunmi –

by e-Naira Online News
February 2, 2023
Business

Buhari Unhappy About Cash Scarcity, Says Zainab Ahmed

by e-Naira Online News
February 2, 2023
Next Post

FCTA to recover N29 billion ground rent debts from property owners in Abuja

Experts warn Nigerian companies against taking dollar loans

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

British American Tobacco earns alliance for Water Stew — Opinion — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News

January 29, 2023

Vitafoam Plc advocates special FX window for manufacturing sector

January 28, 2023

NIMASA plots CVFF disbursement strategy with banks — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

NGX CEO says to strengthen partnerships, digital transformation, sustainability

January 26, 2023

CAP full year PBT rises by 79% to N3.1bn

January 27, 2023

UNCTAD, Islamic Development Bank unite over sustainable investment — Business — The Guardian Nigeria News – Nigeria and World News

January 29, 2023

Guinness grows half year gross profit by 16%

January 27, 2023

Dollar To Naira Exchange Rate Today (Fri. Feb. 3, 2023)

February 3, 2023

IFC Partners Nigeria’s Union Bank to Support Trade, SMEs

February 3, 2023

Aso Rock forces inciting Nigerians against APC – El-Rufai

February 3, 2023

Unlocking Nigeria’s economic potential: Overcoming structural barriers

February 3, 2023

Extra SNAP Benefits Ending — 9 Ways to Save on Food

February 2, 2023

Digital Migration of Banking Customers in Nigeria

February 2, 2023

ETH platform Blocknative adds bundles, cancellation, replacement

February 2, 2023

Bourse records uptick as investors gain N272bn – Businessamlive

February 2, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.