Nigeria plans to set up national airline, develop aviation capacity

Nigeria has appointed advisers to help it set up a national airline and develop its aviation infrastructure -- currently seen as a barrier to economic growth -- to create a hub for West Africa, junior aviation minister Hadi Sirika said Wednesday. Sirika said a group of 6 firms including Lufthansa would advise the govt on setting up an airline, an aviation leasing company and a maintenance hangar, and on creating concessions to run the country's airports. A cabinet meeting Wednesday chaired by VP Yemi Osinbajo had approved US$4.99m of funding for the project, he added. Decades of neglect and lack of investment have left Nigeria with low-quality infrastructure that is seen as a hurdle to prosperity and the govt has already said that upgrading it will require private investment. <br/>
Reuters
http://www.reuters.com/article/nigeria-airlines-idUSL8N1I56IU
5/3/17