Air transport contributes $8.2bn to Nigeria’s GDP —IATA.

Air transport contributes $8.2bn to Nigeria’s GDP —IATA.

Air transport contributes $8.2bn to Nigeria’s GDP —IATA.  Tribune Online

The International Air Transport Association (IATA) has declared that Nigeria’s air transport sector has contributed $8.2 billion to the economy of the country and supported over 650, 800 jobs therein.

This is according to IATA’s Regional Vice President for the Middle East and Africa, Muhammad Ali Albakri, who last week led a delegation from the global industry body, in a series of high-level meetings in Lagos with stakeholders across the Nigerian aviation value chain.

According to Albakri: “Air transport in Nigeria supports more than 650,800 jobs including tourism-related employment, while contributing $8.2 billion to the country‘s GDP. Over the next ten years passenger volumes are forecast to grow more than seven per cent annually, exceeding the global average by a healthy margin. For Nigeria, this means an additional 7.9 million passengers will take to the sky every year, creating significant opportunity to accelerate economic growth, boost prosperity and support development,” said Albakri.  Read more

NAAPE threatens strike as AMCON fails to pay Aero workers.  Tribune Online

The National Association of Aircraft Pilots and Engineers (NAAPE) has called on the Federal Government to intervene in an impending strike that may ground the entire sector following what it called the failure of the Asset Management Corporation of Nigeria  (AMCON) to settle all labour matters in respect of workers of the Aero Contractors.

Speaking at its maiden media conference in Lagos, the newly elected president of NAAPE, Engineer Abednego Galadima expressed worries over the troubled Aero Contractors saying: “We do not know the huge mismanagement of resources, unbridled profligacy, and massive fraudulent practices brought the airline to its knees since about the turn of this century.

This circumstance created the path to the airline’s unwholesome exposure to the defunct Oceanic Bank which in turn led to the involvement of AMCON through the purchase of the airline’s debts from Oceanic Bank.  Read more