The Ministry of Finance Incorporated (MOFI said it is exploring ways to provide a financing/investment portfolio for Nigerian carriers to expand their fleet, enhance capacity and become globally competitive. Such a move, MOFI said, is an expression of the interest it has in supporting the growth and expansion of indigenous carriers.
The MOFI Chief Executive Officer, Dr. Armstrong Takang, made this known during a visit to the Ministry of Aviation by MOFI’s management for collaboration between the two organisations in Abuja. In a statement, the Minister of Aviation, Hadi Sirika, said collaboration between the Aviation Ministry and MOFI was important to the civil aviation sector.
Sirika said there was a structure for MOFI, and it has fallen into the right hands to get the mandate of the President Muhammadu Buhari delivered and effected appropriately. He recalled that during the nation’s Transition Committee period, there was an extensive discussion as to what contribution the aviation sector could make, and it was considered to add up to five per cent to the Gross Domestic Product of Nigeria.
He added that a road map was created for the civil aviation industry to create a robust sector that would be financially healthy and which would also make aviation the most preferred means of transportation.
