Nigeria partners AfDB to boost aviation sector
Nigeria has entered into a new aviation agreement with the African Development Bank. The deal was signed by Festus Keyamo, Nigeria’s Minister of Aviation and Aerospace Development, during a dialogue session in Brazzaville, Congo. Keyamo highlighted the opportunities available through the AfDB’s $7bn aviation programme and shared details about Nigeria’s plans for the sector. The AfDB President expressed support for the initiative and pledged commitment to its implementation.
What we know
- Festus Keyamo signed a Letter of Intent with the African Development Bank to support aviation development.
- The agreement was signed during a dialogue session with AfDB officials in Brazzaville, Congo.
- Keyamo promoted the newly approved Nigeria Aircraft Leasing Company and urged the AfDB to mobilise capital for it.
- Nigeria has taken steps such as domesticating the Cape Town Convention and updating aviation insurance policies to support the project.
- The AfDB President pledged support and commitment to implementing the programme in Nigeria and across Africa.
