Good News for Air Peace, Max Air, Others as Canada Invites Nigerians to Invest in Its $20bn Aviation
- The minister of aviation and aerospace development has called for a direct route from Nigeria to Canada
- This is as the high commissioner said that the aviation sector in Canada was worth $20 billion
- Given its proximity to most other countries in the world, he said Nigeria should be a major hub in Africa
Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
Festus Keyamo, the minister of aviation and aerospace development, has demanded a direct route from Nigeria to Canada due to the growing number of Nigerians living in Canada.
Source: Getty Images
He made this statement when Jamie Christoff, the Canadian High Commissioner to Nigeria, paid him a courtesy call on Monday, July 22, in Abuja.
The minister said that mechanisms needed to be put in place to support the population in Canada, pointing out that the majority of flights to that country were transitory.
He added that Nigeria ought to be a significant hub in Africa because it is almost halfway between most other nations in the world.
The minister stated that Nigeria has a long-standing relationship with Canada and may take cargo development into consideration given the number of Nigerian restaurants that are opening up there. He also mentioned the necessity for infrastructure development in the Nigerian aviation sector.
A focal person from the ministry will be appointed to finalize arrangements under a Memorandum of Understanding (MoU) between Canada and Nigeria regarding direct route, repository, cargo flight, and the proposed side meeting in Canada for business investments, according to a statement made by the ministry's head of information, press, and public affairs, Odutayo Oluseyi.
The Canadian High Commissioner had said earlier that there are roughly 18,000 Nigerian students studying in Canada, and the number is increasing across a number of fields.
He stated that steps will be taken to determine whether a direct path to Canada is possible.
Christoff stated that Canada has a $20 billion aviation industry, and he was prepared to attract private sector investors to Nigeria.
Reason for hike in airfares
Legit.ng reported that domestic airlines have blamed the increasing airfares on foreign exchange volatility and surging inflation in Nigeria.
Obiora Okonkwo, the chief operating officer of United Airlines, disclosed that the country's current economic challenges were affecting the aviation sector.
Okonkwo said the decision by the airlines to hike airfares was because the economy has remained stagnant and not growing fast enough.
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Source: Legit.ng
