Industry & Money

FG Seeks AfDB Backing for $7b Aviation Programme

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has met with the President and governors of the African Development Bank in Congo over the proposed $7bn Integrated Aviation Transformation Programme for Africa.

The meeting was held as part of Keyamo’s new assignment as the African Champion of the IATP initiative, a continental aviation development programme designed to drive investment, connectivity, and transformation in Africa’s aviation industry.

The PUNCH reports that the minister was named the African champion for the newly unveiled Integrated Aviation Transformation Programme for Africa, a $7bn initiative aimed at repositioning the continent’s aviation industry.

According to the letter of appointment obtained by our correspondent, the appointment follows what it described as Nigeria’s leadership and vision in implementing reforms targeted at transforming the country’s aviation sector and improving investor confidence.

According to another statement from the aviation ministry on Thursday, Keyamo, while addressing the AfDB leadership during the dialogue session, explained the opportunities embedded in the $7bn programme and how Nigeria intends to leverage the initiative to reposition its aviation sector.

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