Nigeria Air remains suspended indefinitely —Aviation Minister
Nigeria Air project remains suspended indefinitely. That’s according to Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo. At the 3rd ministerial updates on the performance of the sector, he also hinted at plans for the resumption of cargo flights between Nigeria and Saudi Arabia. Chukwuerika Achum, CEO, VivaJets joins CNBC Africa for more on these.
Tue, 28 May 2024 11:57:07 GMT
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AI Generated Summary
- Issues surrounding the suspension of the Nigeria Air project and the resumption of cargo flights were discussed by the Minister of Aviation.
- Chukwuerika Achum emphasized the importance of policy direction and infrastructure development in evaluating the sector's performance.
- The conversation also delved into challenges related to fuel prices, foreign exchange, and the need for competitive pricing structures within the industry.
Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, recently provided updates on the country's aviation sector, revealing that the Nigeria Air project remains suspended indefinitely. During the 3rd ministerial meeting, Keyamo also indicated plans for the resumption of cargo flights between Nigeria and Saudi Arabia. Chukwuerika Achum, CEO of VivaJets, joined CNBC Africa to discuss these developments. The overarching theme of the conversation revolved around the state of the aviation industry in Nigeria and the government's strategies to address key challenges. Achum highlighted the importance of policy direction, infrastructure development, and pricing structures within the sector. Key takeaways from the interview include the impact of fuel prices, foreign exchange issues, and the need for competitive pricing to drive industry growth.
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