The Federal Government is calling for expression of interest on the proposed national carrier named Nigeria Air.
The Ministry of Aviation disclosed this on Monday in a statement shared on its twitter handle.
Last week, the Minister of Aviation, Hadi Sirika, announced that the government would issue requests for proposals to intending investors.
He added that the government will own only five percent of the airline shares and had already begun with the AOC (Air Operator Certificate).
“The Federal Government of Nigeria (FGN), through the Federal Ministry of Aviation, is seeking to reposition Nigeria’s aviation sector, as part of efforts towards the diversification of the economy, promoting the competitiveness of the sector, boosting productivity, and enhancing economic growth.
“To this end, the FGN, through the Federal Ministry of Aviation, is inviting interested private parties to submit proposals for the take-over and further development of the national carrier, the recently launched ‘Nigeria Air’ to take advantage of the opportunities of the largest market in Africa,” the twee reads.
The statement added that interested bidders should visit a dedicated website for further information, breaking down percentages for different investors.
“The private sector partners/consortia are expected to comprise an international airline (max. 49% shares), and Nigerian financial and institutional investors (min. 46% shares), so that the total Nigerian shareholding will hold a minimum of 51% of the shares of Nigeria Air’ (including the 5% non-interactive FGN share), as required by international laws for a national carrier,” it added.
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.