Nigeria Air Has Huge Economic Potential for Nigeria – Economist



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The newly unveiled national carrier, Nigeria Air, has the potential to stimulate the country's economy if it is professionally managed, according to an expert. Hbadan Oaikhenan, of the Department of Economics and Statistics of the University of Benin, said this in an interview with reporters at Awka on Friday  Nigeria Air

Oaikhenan advised the federal government to put structures in place.

Journalists recall that the federal government, on July 18, at the Farnborough International Air Show in London, unveiled a new national carrier known as "Nigeria Air"

. 15 years after the liquidation of Nigeria Airways.

According to the State Minister for Aviation, Senator Hadi Sirika, the national carrier is privately run. It's a business, not a social service.

"The government will not participate in the management or management of the service. Investors will have full responsibility for this.

"The Nigerian government will not hold more than five percent of the new national carrier, the government will not participate in its operation or decide who will run it."

The economist said it would a favorable trade balance in the industry and would also reduce foreign exchange.

Oaikhenan, who is on sabbatical Bayelsa described the aeronautical business as a sensitive and delicate business.

He claimed that Nigeria Airways has collapsed due to corruption, adding that the new carrier has to be safe from bad policy and other pitfalls.

"Nigeria Airways s. is collapsed because of corruption, I'm not very optimistic about it unless it's operated differently this time. "

" I hope it did not happen again. " not been created just because we want own one. "It is economically reasonable for us to have our own carrier, it is paradoxical that Nigeria with a large aviation market does not have a carrier."

"Nigeria Air has huge economic gains if it is properly managed, it will help us Foreign companies earn so much because they are paid in hard currency.

" What we need now , they are competent hands to run the company, the right technical partners must be mobilized and we continue

"There are lessons to be learned from the defunct national airline, the plane must be maintained , and we should not allow ourselves to drop a plane from the sky because no business survives. "

According to the economist, Nigeria should be ready for competition because that is a global industry, but he advised that the immediate target of the operation be the sub regional roads of West Africa.

He said that the establishment of the national carrier tremendously to the economy like theft of foreign airlines would be retained in the country.

"The aviation industry is global, Nigeria Air must be a global player." Their job is not just to transport Nigerians inside and out of the country.

"He must be ready to compete with the Ethiopian Airline, Kenya Airways, British Airways and all the rest."

NAN

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