Industry & Money

FG Eyes $31b Global Charters’ Market with New Airstrips Operations

Nigeria is considering adjustment in the regulations bordering on flights and other aeronautical activities at over 92 airstrips littering the country.

The resolve by the Federal Government to rework regulations of such aerodromes in respect of the guiding documents is coming on the heels of considerations for security and how these facilities could be maximised to contribute significantly to the country’s socio – economic development.

With increasing commercial activities for prospecting investors in the oil and gas, mining and solid minerals sectors, air strips are increasingly playing a huge role as critical air transport infrastructure.

According to data from the Nigerian Civil Aviation Authority (NCAA), 68 airstrips in the country are owned by the Federal Government and managed by the Ministry of Aviation and Aerospace Development.

NCAA data indicates that the other 24 airstrips belong to individuals and private organisations.

Sources familiar with the proposed move say the government is looking at how to streamline operations at the facilities for effective management.

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