Nigerian air was suspended not because of insufficient investors-sirika

The Minister of State, Aviation, Sen. Hadi Sirika has disclosed that
the national carrier (Nigeria Air) project was not suspended
because of lack of investors.
A statement by Mr James Odaudu, Deputy Director, Media and
Public Affairs, Ministry of Transportation, on Tuesday, said the
national carrier project had an avalanche of well-grounded and
ready investors.
The investors, according to Sirika, include international finance
institutions such as the Afro-Exim Bank, African Development
Bank, Standard Chartered Bank, aircraft manufacturers – Airbus
and Boeing.
“They also include airlines such as Ethiopian Airlines, Qatar Air etc.
and some reputable individuals and entrepreneurs.
“The Office of the Minister of state for Aviation has noted, with
consternation, various opinions, comments and observations in the
media regarding the status and the reasons for the recent
suspension of the processes leading to the establishment of a
Nigerian national carrier.
“Among the reasons being given for its suspension, especially in
the social media is the absence of interested and ready investors.
“This couldn’t be farther from the truth, as the national carrier
project has an avalanche of well-grounded and ready investors,”
he said.
The minister also stated that the country’s participation at the
Farnborough Air Show in the United Kingdom in July was not for
the sole purpose of unveiling the Nigeria Air logo contrary to public
He explained that the air show was also a meeting point with those
potential investors who saw the event as another opportunity to
market and re-emphasize their interests in the project.
“It is also pertinent to clarify that the Federal Executive Council
only suspended the process for the establishment of the national
carrier for the time being.
The project has not been killed,” he said.
The News Agency of Nigeria recalls that Sirika had on September
19, announced the decision of FEC to suspend the project for
‘strategic reasons’ without giving further details.
The decision has elicited reactions from many stakeholders and
other Nigerian who have suggested different reasons for the
suspension of the project.

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