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Onyema Hails Fidelity Bank’s Role in Air Peace’s Rise

Air Peace Chairman, Dr. Allen Onyema speaking during the induction at NBBC Lagos on Friday

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Air Peace Chairman, Dr. Allen Onyema, has praised Fidelity Bank for the critical support it gave during the airline’s early days, describing the bank’s bold decision as a turning point that shaped the carrier’s rise to become West Africa’s largest airline.

Onyema made the remarks at the Nigerian-British Chamber of Commerce (NBCC) Members’ Evening and Induction Ceremony held in Lagos on September 25, 2025.

He recalled how, at a time when most banks were unwilling to finance aviation, then Managing Director of Fidelity Bank, Dr. Nnamdi Okonkwo, approved funding that enabled Air Peace to acquire its very first aircraft.

“Without the boldness of Fidelity Bank when no Nigerian bank wanted to touch aviation, there might not have been an Air Peace today,” Onyema said, noting that the airline’s success belongs to those who stood by it during its formative years.

He further emphasized that aviation is one of the most capital-heavy industries in the world, adding that even global carriers like British Airways and Delta Airlines depend on strong financial backing to scale and thrive.

The audience, which included business leaders and policymakers, applauded Onyema’s tribute. NBCC President, Prince Abimbola Olashore, also commended Air Peace for its remarkable growth, describing the airline as a game-changer in positioning Nigeria prominently in global aviation.

Air Peace Fleet

Since commencing operations in 2014, Air Peace has expanded into the largest carrier in West and Central Africa, operating over 40 aircraft across local, regional, and international routes.

The airline currently runs the Lagos–London Gatwick direct service, with an Abuja–London route scheduled to launch in October 2025. It is also constructing a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility in Lagos to further strengthen Nigeria’s aviation sector.

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Aviation

Nigeria Backs Continental Aviation Reforms to Boost Intra-African Connectivity

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The Federal Government has reaffirmed Nigeria’s commitment to aviation liberalisation and stronger regional air connectivity as part of efforts to drive economic growth and integration across Africa.

Minister of Aviation and Aerospace Development, Festus Keyamo, said Nigeria was fully supporting reforms aimed at transforming Africa into a more connected and competitive aviation market.

Speaking at the Annual Lecture Series of the Chartered Institute of Logistics and Transport in Abuja, the minister said Africa must urgently move from policy declarations to practical implementation of the Single African Air Transport Market and the Yamoussoukro Decision.

Represented by the Managing Director of the Federal Airports Authority of Nigeria, Mrs. Olubunmi Kuku, Keyamo described aviation as a strategic tool for economic transformation, trade expansion and regional cooperation.

He warned that Africa would continue to lose billions of dollars in economic opportunities if the continent remained fragmented and poorly connected.

According to him, enhanced connectivity would increase flight frequencies, reduce airfares, strengthen tourism and improve trade volumes among African nations.

The minister identified legal certainty, commercial enablement and institutional trust as the three pillars necessary for building a sustainable continental aviation market.

He disclosed that Nigeria had implemented reforms targeted at improving investor confidence, including legal frameworks designed to strengthen compliance with international aviation agreements and improve judicial efficiency.

Keyamo said the reforms would support safer operations, fleet modernisation and easier access to aircraft financing for operators.

He also revealed that Nigeria’s partnership with Boeing was expected to deepen technical expertise, improve training opportunities and strengthen the country’s aerospace capabilities.

The minister stressed that liberalisation must also protect local interests through strong regulatory oversight, fair competition and deliberate local-content development.

He called on African governments to invest more aggressively in aviation training institutions, regulatory agencies, greener airport infrastructure and technical education.

Keyamo maintained that the future of African economic integration depended heavily on the continent’s ability to build efficient, safe and sustainable air transport systems.

CILT Abuja

He added that Nigeria would continue working with regional and international partners to ensure that African skies become more open, accessible and economically beneficial to millions of people across the continent.

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Events

Oyeyemi, Ugboma Lead Transport Safety Talks

President of the Chartered Institute of Logistics and Transportation (CILT), Dr. Boboye Oyeyemi, and the Dean of the School of Transportation and Logistics at Lagos State University (LASU), Prof. Ogochukwu Ugboma as lead speakers

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The National President of the Chartered Institute of Logistics and Transportation (CILT), Dr. Boboye Oyeyemi, and the Dean of the School of Transportation and Logistics, Lagos State University (LASU), Prof. Ogochukwu Ugboma, are set to headline discussions at the 12th edition of the Nigeria Transport Lecture scheduled for June 18, 2026, in Lagos.

The annual lecture, organised by Transport Day Media, will focus on the theme: “Multi-modal Transportation Safety in Nigeria: Prospects, Challenges & Contribution to National Growth.”

The event will hold at the Radisson Blu Hotel, Ikeja, and is expected to attract key stakeholders from the public and private sectors of the transportation and logistics industry.

Organisers said the lecture would provide a strategic platform for industry players, policymakers, regulators, and academics to examine safety concerns affecting Nigeria’s road, rail, maritime, and aviation transportation systems.

Dr. Oyeyemi, former Corps Marshal of the Federal Road Safety Corps (FRSC), and Prof. Ugboma are expected to deliver keynote presentations on the need for stronger safety frameworks, policy coordination, and sustainable transport systems capable of supporting national economic growth.

Over the years, the Nigeria Transport Lecture has featured prominent industry leaders and policymakers, including former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside; former Federal Permanent Secretary, Dr. Anthonia Ekpa; and the Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa.

Speaking ahead of the event, the Editor of Transport Day Media, Mr. Frank Kintum, described the annual lecture as an important platform for addressing critical challenges facing the transport and logistics sector.

“Every year, we use the lecture as a platform to discuss contemporary issues in the industry. This year, we settled for multi-modal transportation safety because without safety, the various multi-modal transport initiatives by governments at different levels may be undermined,” Kintum said.

He added that the lecture forms part of Transport Day Media’s contribution towards building a sustainable, efficient, and globally competitive transport and logistics sector in Nigeria and across Africa.

Kintum noted that the event would also encourage policy dialogue, knowledge sharing, and stakeholder collaboration aimed at improving transportation safety standards nationwide.

Industry stakeholders expected at the lecture include operators, regulators, government officials, logistics professionals, academics, and representatives of transport agencies across the country.

The organisers expressed optimism that deliberations at the event would generate practical recommendations capable of strengthening Nigeria’s multi-modal transport safety framework and supporting national development.

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Events

Oyeyemi to Deliver City Business News 10th Anniversary Lecture

Former Corps Marshal of the Federal Road Safety Corps (FRSC) Dr. Boboye Oyeyemi

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Former Corps Marshal of the Federal Road Safety Corps (FRSC), Dr. Boboye Oyeyemi, will deliver the keynote lecture at the 10th anniversary celebration of City Business News Online scheduled for June 25, 2026, in Lagos.

The Publisher of the online business platform, Mr. Moses Ebosele, announced that the anniversary lecture would hold at Rockview Hotels, Apapa, beginning at 10:00am.

The keynote presentation, titled “Logistics As The Engine Room Of Nigeria’s Economy,” is expected to focus on the strategic importance of transportation, logistics, and supply chain systems in driving economic growth and national productivity.

Dr. Oyeyemi, who currently serves as President of the Chartered Institute of Logistics and Transport (CILT), is widely regarded as a leading authority in transportation and logistics management.

Ebosele said the anniversary celebration marks a decade of dedicated business journalism, industry-focused reporting, and consistent coverage of Nigeria’s economic and transport sectors.

He noted that the event would gather key players from the public and private sectors, including government agencies, transport operators, regulators, financial institutions, and media organisations.

Expected participants include the founder of ABC Transport Plc, Mr. Frank Nneji, officials of the Nigeria Customs Service, Nigerian Ports Authority, Nigerian Maritime Administration and Safety Agency, Nigerian Shippers’ Council, banking institutions, and major automobile firms.

According to Ebosele, the event will also serve as a forum for stakeholders to examine ways of strengthening Nigeria’s logistics framework to support trade facilitation, transportation efficiency, and economic competitiveness.

He thanked readers, advertisers, partners, and staff members for their contributions to the growth of City Business News over the past 10 years.

Ebosele reaffirmed the organisation’s commitment to credible and impactful journalism, adding that the platform would continue to promote informed discussions around business, transportation, maritime, aviation, and economic development in Nigeria.

The Publisher of City Business News Online, Mr. Moses Ebosele

The anniversary lecture is expected to attract industry leaders, policymakers, logistics experts, and media professionals from across the country.

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