
FG mulls aircraft component manufacturing
President Bola Ahmed Tinubu has said plans are underway to commence aircraft component manufacturing in Nigeria as part of a broader push to position the country as a West and Central Africa’s aviation hub.
Speaking at the just concluded Nigerian International Airshow, where he was represented by the Secretary General of the Federation (SGF) George Akume, the President said the event marks Nigeria’s entry into the league of nations hosting world-class aviation showcases such as Farnborough, Paris, and Dubai.
According to him, Nigeria now ranks first in Africa for compliance with international aviation standards, having improved its Cape Town Convention score from 49.5 per cent to 75.5 per cent.
“This achievement allows airlines to access low-cost aircraft financing and boosts investor confidence,” he said. Tinubu also announced that Nigeria had sealed agreements with Boeing and Cranfield University for the establishment of sophisticated Maintenance, Repair and Overhaul (MRO) facilities.
“We have signed agreements with Boeing and Cranfield University to establish state-of-the-art MRO facilities, reducing the $200 million annual capital flight for overseas maintenance. Aero Contractors and XEJet are already driving this transformation with new hubs in Lagos and Abuja,” he said.
Minister of Aviation and Aerospace Development, Festus Keyamo, described the Nigeria International Airshow, held between December 2 and 4, as a transformative milestone that has changed the trajectory of the Nigerian aviation sector.
The minister stated that for the first time, Nigeria, West Africa’s aviation hub and the gateway to Africa’s largest economy, is joining the global community of nations that host world-class airshows
Nigerians can now invest ₦2.5 million on premium domains and profit about ₦17-₦25 million. All earnings paid in US Dollars. Rather than wonder, click here to find out how it works.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
Community Reactions
AI-Powered Insights
Related Stories

I receive threats over tax reform implementation — Taiwo Oyedele

Governor orders villagers to evacuate or face bombardment

Nigerian newspapers review: Nigeria’s oil, gas exploration defies FG effort, drops by 14%



Discussion (0)