Keyamo woos aviation investors to Nigeria

Nigeria’s Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has wooed international investors to take advantage of Nigeria’s favourable investment climate to co-invest, co-innovate, and co-develop the infrastructure, technology, and human capital that would define the next generation of aviation in Africa.

The Minister, who was represented by the Director-General of Civil Aviation, Captain Chris Najomo, at the three-day flagship platform organized by the Nigeria-Belgium- Luxembourg Business Forum in Belgium recently, with the theme: “Solidifying Viable Partnership to Economic Growth & Sustainability,” made the call.

Keyamo also restated the Federal Government’s commitment to bold reforms, inclusive development, and regional integration.

He noted that these reforms, including Nigeria’s ratification and Implementation of the Cape Town Convention and the adoption of the Irrevocable Deregistration and Export Request Authorization (IDERA), have mitigated investment risks, streamlined aircraft acquisition processes, and guaranteed investors’ security by safeguarding financiers’ rights in the event of default.

These measures, he said, have unlocked new financing opportunities, supported fleet expansion, and bolstered long-term industry competitiveness, positioning Nigeria as an attractive market for global investment.

According toKeyamo, key opportunities prioritized to accelerate growth include the expansion of airport capacities, the establishment of world-class Maintenance, Repair, and Overhaul facilities, and the optimization of cargo logistics, green aviation projects such as solar-powered airports, carbon-neutral infrastructure, financing fleet modernization through developed financial instruments, and trade partnerships.

High point of the event presentation of the Award of Recognition to the minister, which was received on his behalf by Najomo.