Connect with us

Business

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

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Aviation

Nigeria Seals Landmark Airbus Deal to Drive Aviation Growth, Jobs

Aviation Minister – Festus Keyamo and the Representatives of the Airbus, at the company’s headquarters in Toulouse on Monday

Published

on

Nigeria has taken a major leap toward transforming its aviation sector, sealing a landmark partnership with global aircraft manufacturer Airbus to accelerate industry growth and technical capacity.

The Federal Government on Monday signed a Memorandum of Understanding (MoU) with Airbus at the company’s headquarters in Toulouse, marking a decisive shift in Nigeria’s ambition to build a modern, self-sustaining aerospace ecosystem.

The agreement, brokered during an official visit led by Aviation Minister Festus Keyamo, focuses on strengthening aviation infrastructure, developing skilled manpower, and enhancing technical capabilities across the sector.

Under the deal, Airbus will provide Nigeria with critical support in areas such as aviation market intelligence, pilot and crew training, aircraft maintenance expertise, and advisory services on Maintenance, Repair, and Overhaul (MRO) operations.

The partnership also opens discussions on Nigeria’s potential role in Sustainable Aviation Fuel (SAF) production—an emerging global priority as the aviation industry pushes toward cleaner energy solutions.

Speaking at the signing, Keyamo described the agreement as a strategic breakthrough that aligns with the Federal Government’s commitment to repositioning aviation as a key driver of economic growth.

Airbus, through its regional leadership, highlighted Nigeria’s central role in Africa’s aviation future, citing its large population and expanding economy as major advantages.

Industry projections underscore the significance of the partnership. Africa is expected to require nearly 1,500 new aircraft by 2044, alongside tens of thousands of skilled aviation professionals—including pilots, engineers, and cabin crew.

Officials say the MoU places Nigeria in a strong position to tap into this growth, creating jobs, attracting investment, and strengthening its status as a regional aviation hub.

With this agreement, Nigeria moves beyond policy ambitions into practical collaboration, laying the groundwork for a more competitive, technologically advanced aviation industry.

Continue Reading

Airlines

Uyo–Accra Route Takes Off, Positioning Akwa Ibom as Emerging Aviation Hub

Aviation Minister Festus Keyamo and Akwa Ibom State Governor Umo Eno onboard from Uyo – Accra

Published

on

A new aviation corridor has opened in southern Nigeria, as Uyo makes its debut on the international flight network with a landmark connection to Accra, Ghana.

The inaugural flight from Victor Attah International Airport to Kotoka International Airport marks more than just a new route, it represents a strategic shift in Nigeria’s aviation landscape, where subnational investment is driving connectivity and growth.

Backed by sustained infrastructure development, Akwa Ibom State is now positioning itself as a rising hub for regional travel, reducing reliance on traditional gateways and bringing international access closer to businesses and travelers in the South-South region.

The milestone event drew top-level participation, including Aviation Minister Festus Keyamo and Governor Umo Eno, underscoring the alignment between federal policy and state-level execution in expanding Nigeria’s aviation footprint.

For the state, the benefits are immediate and long-term.

Direct international access is expected to boost tourism inflows, facilitate trade, and attract investment into key sectors, while also generating employment opportunities across the aviation value chain.

The Uyo–Accra route also strengthens regional integration within West Africa, offering a more efficient travel option for passengers and businesses looking to connect across borders.

Industry analysts note that the development reflects a broader trend, where secondary airports, once underutilized, are being repositioned as active contributors to national economic growth.

Saturday’s inaugural flight was met with celebration and optimism, as stakeholders described it as the start of a new growth cycle for both Akwa Ibom and Nigeria’s aviation sector.

Ibom Air Fleet

What was once a quiet domestic airport has now taken a decisive leap into international relevance, signaling that Nigeria’s aviation future may increasingly be shaped beyond its traditional hubs.

Continue Reading

AIRPORTS

FG, Bi-Courtney End 20-Year Airport Dispute in Landmark N132bn Deal Reset

Published

on

After more than two decades of legal battles and stalled aviation progress, Nigeria has finally cleared one of its most stubborn infrastructure roadblocks.

In a decisive breakthrough, the Federal Government has reached a historic settlement with Bi-Courtney Aviation Services Limited over the long-contested Murtala Muhammed Airport Terminal 2 (MM2) concession, bringing an end to a dispute that has lingered for over 20 years.

The agreement, brokered by Aviation Minister Festus Keyamo and approved by the Federal Executive Council (FEC) in Abuja, delivers sweeping concessions on both sides in what officials describe as a “win-win” resolution with immediate economic impact.

At the heart of the deal is Bi-Courtney’s decision to forgo its N132 billion Supreme Court judgment debt against the Federal Government. The company has also relinquished its exclusivity rights tied to the MM2 concession and handed back control of the Murtala Muhammed Airport Terminal 1 (MM1).

In exchange, the Federal Government has restored Bi-Courtney’s rights to complete and operate its long-delayed hotel and conference centre project within the airport axis under a revenue-sharing framework.

The agreement goes beyond dispute resolution—it resets the commercial architecture of Lagos aviation. Plans are already underway to relocate regional flight operations to MM2, supported by apron expansion to handle increased aircraft movement. This is expected to unlock immediate revenue streams for the government while maximizing the underutilized terminal’s capacity.

Industry observers say the deal removes long-standing legal and operational bottlenecks that have hindered major aviation projects, including the proposed Lekki International Airport.

The settlement also aligns with broader sector reforms, notably plans to establish a private-sector-driven aircraft leasing company aimed at improving Nigerian airlines’ access to modern fleets under competitive terms.

Minister Keyamo praised the spirit of compromise shown by all parties, noting that the agreement reflects a renewed commitment to investment-friendly policies and sustainable aviation growth.

The resolution was further strengthened by the collaboration between Keyamo and Bi-Courtney Chairman Wale Babalakin, whose shared professional background and alignment on national interest helped drive negotiations to a successful close.

With this deal, Nigeria not only ends a costly legal chapter but opens a new runway for aviation expansion, anchored on cooperation, efficiency, and long-term value creation.

Continue Reading

Trending

Copyright © 2025 Auto Globe. All rights reserved