Nigeria Air Has Ready And Willing Investors, Ministry Says

Nigeria Air Has Ready And Willing Investors, Ministry Says

The Federal Government has come out to say that Nigeria Air still has willing and ready investors despite the indefinite suspension imposed on the airline. The Federal Government also stated that suspension was not due to lack of investors. Some of the ready investors are international finance institutions like Afro-Exim Bank, African Development Bank, Standard Chartered Bank and aircraft manufacturers like Airbus and Boeing.

When the Federal Government announced the suspension of the project, the only reason cited was about not being prepared enough. Hadi Sirika who broke the news via a tweet, later stated that the national carrier had an avalanche of well-grounded investors, adding that it is wrong to claim that the project was suspended due to lack of investors.

His message which was later reported on his behalf, “These (investors) include international finance institutions such as the Afro-Exim Bank, African Development Bank, Standard Chartered Bank; aircraft manufacturers, Airbus and Boeing; airlines such as Ethiopian Airlines, Qatar Air, etc., and some reputable individuals and entrepreneurs.”

The ministry also stated, in correction to a notion that been previously passed around, that Nigeria’s participation at the Farnborough Air Show in the United Kingdom in July was not for the sole purpose of unveiling the Nigeria Air logo.

The most important message the ministry wishes Nigerians would hold to heart is that the project has not been killed.

 

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