Aviation sector requires N1 trillion for turnarounds

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(Last Updated On: 2016-10-19)

As part of effort to rescue the country’s ailing aviation sector, federal government has disclosed that one trillion naira would be needed to tackle challenges facing the sector.

The Minister of State for Aviation, Hadi Sirika, made the revelation on Tuesday in Abuja at a four-day public hearing organised by House of Representatives Committee on Aviation with theme “The Need to Rescue the Ailing Aviation Industry from Imminent Collapse.’’

Sirika stressed that the government had no plans to sell the country’s airports, but frowned at poor state of infrastructure in the aviation sector.

He said, “One trillion naira will be needed to turn around our aviation sector, we will not sell the airports and nobody is carrying any structure to anywhere. In fact, what we intend to do is to put them into better use.”

The Minister disclosed that the ministry had inaugurated a 9-man delivery team to interface with stakeholders in the aviation sector on the airports concession.

According to him, the team would liaise with labour unions to oversee day to day running of the concession, adding that the the process would be carried out in a better, more transparent and effective manner.

“We have to improve upon what the Nigerian Ports Authority has done to ensure there is more efficient and transparent process and ensure that government also makes more money,’’ Sirika said.

Earlier, Speaker of the House of Representatives, Yakubu Dogara said there was need to ensure fiscal discipline in use of public funds in the aviation sector.

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