Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo,has in Brazzaville, Congo, attended a dialogue session with the President and Governors of the AFDB where he addressed them on the opportunities presented by the $7 billion programme of the IATP for Africa and especially for Nigeria.
The Congo high level meeting is in his capacity as the African Champion of the Integrated Aviation Transformation Programme (IATP) of the African Development Bank (AFDB).
A statement signed by the Special Adviser On Media and Communications to the Minister, Tunde Moshood, informed that the at the meeting Minister unveiled
President Bola Tinubu’s Renewed Hope Agenda for the Aviation sector and rolled out the potentials of the sector, especially the newly approved Nigeria Aircraft Leasing Company and why the Bank should mobilise capital to support it.
He further explained that this can form the template for other African Nations to emulate, reiterating that Nigeria has done the groundwork to enable the takeoff of such an initiative, including domesticating the Cape Town Convention(CTC) updating its IDERA and reworking its aviation insurance policies to meet global industry standards.
The President of AFDB expressed delight at the presentation and gave his commitment to the success of the IATP in Africa and particularly in Nigeria.
After the session, the Minister unveiled the Country Compact for Nigeria’s aviation sector and proceeded to a signing ceremony of a Letter of Intent(LOI) between the Bank and the Federal Republic of Nigeria, where both sides committed to work assiduously to operationalise the Banks’s laudable programme for Aviation in Africa (IATP).
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