Mixed Reactions As FG Unveils Nigeria Air, Owns Only 5% Equity

The Federal Government has unveiled the name of the new national carrier as Nigeria Air. The airline, set for take-off on December 24, is largely private investors-owned, with the government owning only five per cent equity.


Minister of State for Aviation, Hadi Sirika, at the unveiling of the name and logo at the ongoing Farnborough Airshow in London yesterday, said the airline would restore the country’s place in global aviation, covering no fewer than 81 local, regional and international routes.

Sirika, in the presence of prospective investors, airline manufacturers and strategic partners, said the national carrier would be strategic to growth of aviation sector, even as the Federal Government has decided not to interfere in the day-to-day running of the airline.

A statement signed by the Deputy Director, Press, Ministry of Aviation, James Odaudu, quoted the minister as saying: “We use to be a dominant carrier in the continent of Africa through Nigeria Airways. Sadly, Nigeria Airways is no more.

There would not be a single government control of this airline. Not in management, not in human management. People who invest would determine that.

GUYS, WHAT DO YOU THINK?

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Kvng Brittney and 7 others

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Akintoye Adebareh Abdul Akeem

Ask Aruoture Goodie what he mean by nonsense?

Isiaq Zakariyah

@ aruoture, half bread is better than none. It's a total shame that Nigeria doesn't have any air carrier. And if it is owned by Nigeria, corruption can eventually kill it again. It's better managed by private party

Akintoye Adebareh... replied · 1 reply

Endy Edeson

@Akeem: We are waiting for his response. I think he has a reason to say such. @Isiaq: Well said.

Aruoture Goodie

Its probably a good move for u guys, but to me, its not necessary, private sectors are already handling too many things in this country, d govt do not want to tk responsibilities, I do not know y... But to me, it seems like it seems like they jst want to be dependent on taxes and not revenue generation... Giving it to private sectors only bring abt unnecessary competition, monopoly and greed... Trust me, there's a side effect to this...

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Aruoture Goodie

Govt owning 5% strictly means they r jst concerned wt d profits (including taxes) and not d masses... Meaning, they technically do not av a say as to d running if it...

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Akintoye Adebareh Abdul Akeem

When they own 49 in virgin Nigeria, what's does the mass gain?

Aruoture Goodie

Pls relax, Virgin isn't for Nigeria...

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Akintoye Adebareh Abdul Akeem

Is there no time virgin was partnering with Nigeria?

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Okpala Emmanuel Chuks

zoo ooooo calling it national carrier is meaningless ooo cos its not our own

Okpala Emmanuel Chuks

how can u say its a national carrier wen we own only 5percent my brothers and sisters anoda way of deciet for the gulibles.incase i forget people should be ready to get privatised if d govt is don privatizing all d national asset and source of revenue mad people