The Ministry of Aviation says it needs about one trillion naira to turn around the aviation sector to make it more viable to attract more foreign investment in the country.
The Minister of State for Aviation, Senator Hadi Sirika made the statement at a 4-day public hearing on the ‘Need to Rescue the Ailing Aviation Industry from Imminent Collapse’ organized by the House of Representatives.
Senator Sirika who restated that government had no plans to sell the airports, expressed concern over the poor state of infrastructure in the country’s aviation sector.
He explained that the ministry had inaugurated a 9-man delivery team to interface with stakeholders in the aviation sector on the concession of the airports and that the process which would be carried out in a transparent manner, allayed fears of aviation labour unions, over job losses.
The Speaker of the House of Representatives, Mr. Yakubu Dogara represented by Deputy Speaker, Yusuf Lasun said the House would continue to partner the executive in the development of the aviation sector.
The public hearing is aimed at investigating and proffering possible solutions to the suspension of operations by some local airlines, the increasing termination of operations by international airlines and the current airport concession process in the industry.