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Tourism Adds $760m to Nigeria’s Economy via Aviation – IATA

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The aviation sector is emerging as one of Nigeria’s strongest economic drivers, with international tourists alone contributing $760.2 million to the economy annually, according to the International Air Transport Association (IATA).

In its new report, The Value of Air Transport to Nigeria’s Economy, IATA noted that beyond passenger services, aviation fuels tourism and commerce. Aviation-enabled tourism alone adds $454.1 million to GDP and supports more than 66,000 jobs nationwide.

The broader aviation industry contributes $2.5 billion annually to Nigeria’s GDP and sustains over 217,000 jobs. Domestic airlines account for $449.7 million of this impact, providing 29,900 direct jobs, while airports, air navigation services, and civil aviation manufacturing add another $252.4 million and 9,600 jobs.

Despite these gains, Nigeria’s international air connectivity has declined. IATA reported a 21 per cent drop in links with regions outside Africa since 2014, and only one per cent of international arrivals use Nigeria as a connecting hub.

Nonetheless, demand for international travel remains strong. Of the 2.1 million international passenger departures recorded in 2023, 38 per cent were to Europe, 23 per cent to other African countries, and 18 per cent to North America.

IATA

IATA’s Regional Vice President for Africa and the Middle East, Kamil Alawadhi, stressed the sector’s social and economic role, describing aviation as “a powerful engine for development.”

He also noted that airfares have become more competitive, with real ticket prices dropping by 43 per cent between 2011 and 2023. However, affordability is still an obstacle, as the average Nigerian must work 37.6 days to purchase a ticket.

While the figures underscore aviation’s value, they also point to the need for Nigeria to strengthen its role as a regional hub for travel and tourism.

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Aviation

NCAA Maps Out Eight-Pillar Aviation Strategy

DG NCAA – Captain Chris Najomo

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The Nigeria Civil Aviation Authority (NCAA) has introduced a comprehensive eight-pillar regulatory framework aimed at strengthening economic oversight of Nigeria’s aviation industry, promoting fair competition and protecting consumers without discouraging investment.

Director-General of the NCAA unveiled the framework while presenting a paper titled “Taming Natural Monopoly” at the Airport Business Summit and Expo (ABSE) 2026 held at the NIGAV Centre in Lagos.

He said the initiative reflects the Authority’s commitment to ensuring that natural monopolies, which are common in aviation due to the enormous capital required to develop critical infrastructure, operate in the public interest.

According to the NCAA boss, monopoly itself is not the challenge, but the abuse of market power.

“Natural monopolies are necessary in aviation but require effective regulation to prevent abuse of market power,” he said, describing a natural monopoly as a market where a single provider can efficiently deliver services at lower cost than multiple competing firms.

He explained that Nigeria’s aviation sector continues to grapple with high operating costs, infrastructure limitations, multiple charges, limited competition and consumer complaints, making stronger economic regulation necessary to sustain industry growth.

The Director-General noted that the Civil Aviation Act (CAA), 2022 and the Nigeria Civil Aviation Regulations (Nig.CARs), 2023 provide the legal authority for the NCAA to regulate airline licensing, market access, tariffs, consumer protection, competition and access to aviation infrastructure.

He said the regulatory framework aligns with International Civil Aviation Organization (ICAO) standards while balancing commercial viability with public interest.

“Our regulatory approach must balance commercial viability with public interest, ensuring that monopoly operators do not abuse their position,” he stated.

The eight regulatory pillars cover Economic Licensing, Consumer Protection, Tariff and Charges Approval, Economic Oversight, Competition and Market Access, Aerodrome Certification, Air Navigation Service Provider Licensing, and Enforcement and Penalties.

According to him, the framework is designed to guarantee transparent licensing processes, fair competition, cost-related and non-discriminatory tariffs, quality service delivery, operational reliability and effective enforcement of regulatory provisions.

He stressed that under the new approach, monopoly operators would not be allowed to unilaterally determine charges, while passenger rights, refunds, accessibility and service quality would receive greater regulatory attention.

Looking ahead, the NCAA plans to establish a dedicated Economic Regulation Unit, strengthen oversight of airport concessions and public-private partnerships, implement price-cap and revenue-cap models, enforce non-discriminatory market access, introduce service-level agreements and publish industry performance dashboards.

The Director-General expressed confidence that the reforms would create a predictable investment climate, improve transparency, strengthen airline competitiveness and enhance passenger confidence.

He maintained that Nigeria already possesses the legal instruments needed to regulate monopoly behaviour effectively and pledged that the Authority would apply the regulations proactively to ensure fairness, efficiency and accountability across the aviation sector.

“A competitive aviation industry is not achieved by eliminating monopoly, but by regulating monopoly in the public interest,” he said.

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Business

Auto Giants Confirm for Nigeria EV, CNG Summit

NAJA Summit 2026

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Leading automobile manufacturers, transport regulators and key government agencies have confirmed participation in the 2026 Nigeria Auto Industry Summit (NAISU), reinforcing industry support for Nigeria’s transition to electric vehicles (EVs) and Compressed Natural Gas (CNG)-powered transportation.

The summit, organised by the Nigeria Auto Journalists Association (NAJA) in collaboration with the National Automotive Design and Development Council (NADDC), will hold on Thursday, July 30, 2026, at the Radisson Hotel, Ikeja, Lagos.

Major automotive companies that have confirmed participation include Weststar Associates Limited, Toyota (Nigeria) Limited, Jetour Nigeria, Carloha Nigeria, Simba Group, Cedric Masters Group, Coscharis Motors and Lanre Shittu Motors.

The event is also expected to attract policymakers, investors, financial institutions, fleet operators, technology providers and other stakeholders in Nigeria’s automotive industry.

The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, will deliver the keynote address on road safety, regulation and the deployment of electric and CNG-powered vehicles in Nigeria.

Also confirmed as guest speakers are the Director-General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, and the Chairman/Chief Executive Officer of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG and EV), Ismaeel Ahmed.

The speakers are expected to provide insights into the Federal Government’s automotive industrialisation agenda, clean mobility policies and ongoing initiatives aimed at accelerating the adoption of alternative fuel vehicles across the country.

The 2026 summit is themed “Nigeria’s Clean Mobility Future: The EV and CNG Journey Under the Bola Tinubu Administration.”

Chairman of the 2026 Auto Summit Planning Committee, Rasheed Bisiriyu, said the event comes at a critical period as Nigeria intensifies efforts to reduce transportation costs, lower carbon emissions and encourage greater investment in cleaner mobility solutions.

According to him, the summit will bring together government officials, automotive manufacturers, regulators, energy experts and transport stakeholders to review ongoing reforms and develop practical strategies for advancing the country’s clean mobility agenda.

Bisiriyu said discussions would focus on expanding EV charging infrastructure and CNG refuelling stations, promoting local vehicle assembly, improving consumer awareness, attracting private sector investment and strengthening the regulatory framework needed to support sustainable transportation.

He added that the summit is designed to move beyond policy discussions by generating practical recommendations capable of accelerating Nigeria’s transition to cleaner mobility.

NAJA Chairman, Theodore Opara, said the annual summit has become one of Nigeria’s foremost automotive policy dialogue platforms, bringing together public and private sector stakeholders to address critical issues affecting the industry’s growth.

He stressed that achieving Nigeria’s clean mobility objectives requires collaboration among regulators, manufacturers, energy providers, transport operators, safety agencies and consumers.

NAJA summit

Organisers expressed confidence that the summit would generate actionable recommendations to support the Federal Government’s drive to deepen investment in alternative fuel technologies, strengthen local automotive manufacturing, improve transport sustainability and position Nigeria as a leading player in Africa’s emerging clean mobility ecosystem.

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Airlines

Nigeria Completes Global Aircraft Makers’ Engagement with Bombardier Visit

Minister Festus Keyamo with his teams during a working visit to Bombardier in Canada.

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The Federal Government has completed its strategic engagement with the world’s leading aircraft manufacturers following a high-level working visit to Bombardier’s Laurent Beaudoin Completion Centre in Montréal, Canada, marking a major milestone in Nigeria’s aviation modernisation drive.

The visit, led by the Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, CON, fulfilled a commitment he made on assuming office in 2023 to establish direct partnerships between Nigerian airline operators and the world’s leading aircraft Original Equipment Manufacturers (OEMs).

The Bombardier engagement completes Nigeria’s comprehensive OEM programme after similar strategic visits to Boeing, Airbus and Embraer, with the initiative designed to support fleet renewal, improve access to aircraft financing, strengthen technical cooperation, enhance maintenance capabilities and boost the competitiveness of indigenous airlines.

Accompanying the minister were the Director-General of the Nigeria Civil Aviation Authority (NCAA), Capt. Chris Najomo; the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku; Nigeria’s Representative on the Council of the International Civil Aviation Organization (ICAO), Engr. Mahmoud Sani Ben-Tukur; senior government officials and airline operators.

Speaking during the visit, Keyamo reaffirmed the Federal Government’s commitment to creating an enabling environment for Nigerian carriers through stronger global partnerships.

“Our objective has always been clear—to connect Nigerian operators directly with the world’s leading aircraft manufacturers and create opportunities that will strengthen indigenous capacity, modernise our fleets, improve safety, enhance operational efficiency, and ensure the long-term sustainability of our aviation industry,” the minister said.

Bombardier, a global manufacturer of business aircraft, produces the Challenger and Global series of executive jets and offers aircraft completion, maintenance, training and aftermarket support services.

During the visit, members of the Nigerian delegation toured Bombardier’s aircraft manufacturing and completion facilities and received briefings on maintenance systems, pilot and technical training programmes, digital aviation technologies, aftermarket services and innovative aircraft acquisition solutions.

The engagement is expected to open new opportunities for collaboration in fleet modernisation, Maintenance, Repair and Overhaul (MRO), engineering support, technical capacity development, aviation training and aerospace technology transfer.

According to the ministry, the visit also advances the Federal Government’s fleet modernisation agenda by encouraging Nigerian operators to acquire newer, safer and more fuel-efficient aircraft while strengthening partnerships with aircraft manufacturers, financiers and lessors.

The government said the successful completion of engagements with Boeing, Airbus, Embraer and Bombardier reflects the commitment of President Bola Ahmed Tinubu’s administration to reposition Nigeria as Africa’s preferred aviation hub through strategic international partnerships, private-sector collaboration and sustainable industry reforms.

Minister Festus Keyamo with his teams during a working visit to Bombardier in Canada.

The press statement was signed by the Special Adviser on Media and Communications to the Minister of Aviation and Aerospace Development, Mr.Tunde Moshood.

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