BREAKING: FG Announces Date For Air Nigeria Official Take-off

The Minister of Aviation Senator Hadi Sirika has announced that Air Nigeria will take off by April 2022.

Sirika disclosed this on Wednesday after the week’s Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja.

The minister recalled that it was the sixth time the matter was brought before the cabinet for consideration.

According to him, the federal government will acquire only five per cent equity in the airline while other Nigerians will get 46 per cent.

He disclosed further that strategic partners including foreign airlines will be identified to take up the remaining 49 per cent equity.

PBA Reporter

+ posts

• CBN Releases Guidelines On Bank Neutral Cash Hubs
• FIRS Moves After States Over Failure To Remit Tax Deductions
• CBN Retains 5% Interest Rate For Power Sector, Others
• Debt Servicing May Gulp 100% Of FG’s Revenue By 2026 - IMF