Decades of neglect and a lack of investment have left Nigeria with low-quality infrastructure seen as a hurdle to economic development. The government has said upgrading infrastructure will require private investment.
The Ministry of Aviation said on Monday it has picked the Egypt Air consortium for the aviation leasing company, which the government aims to set up as a private/public partnership. Most airlines in Nigeria want to expand their fleets, but high financing costs and currency risks have hampered growth. Nigerian airlines’ revenues are earned in naira while most of their costs are paid in U.S. dollars.
Why is the government still getting involved with commercial activities? where have they succeeded before?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria picks Egypt Air Consortium for aviation partnershipNigerian authorities have selected a consortium to set up an aviation leasing company as part of plans to overhaul the country’s aviation sector. Where is Nigeria Air?
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Former President of Egypt, Hosni Mubarak is dead - Daily Post NigeriaFormer President of Egypt, Hosni Mubarak has been pronounced dead. Mubarak, who ruled for 30 years until a deadly takeover died in a Cairo hospital at
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Mubarak's sacrifices for Egypt, Africa will be remembered – Buhari – Daily TrustPresident Muhammadu Buhari on Tuesday said the sacrifices of the late Hosni Mubarak, in Egypt and Africa as a continent, will never be forgotten, saying he will always be remembered as a public servant. President Buhari, in a statement issued by his media aide, Garba Shehu, condoled with the government and people of Egypt over … GMB will be remembered for something too when the time finally comes. Walahi buhari Dey sniff gum
Source: Daily Trust - 🏆 13. / 51 Read more »
Nigeria picks Egypt Air Consortium for aviation partnershipNigerian authorities have selected a consortium to set up an aviation leasing company as part of plans to overhaul the country’s aviation sector. Where is Nigeria Air?
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Egypt's toppled autocrat Hosni Mubarak dead at 91 | The Guardian Nigeria News - Nigeria and World NewsEgypt’s former long-time president Hosni Mubarak died Tuesday at age 91 at Cairo’s Galaa military hospital, his brother-in-law General Mounir Thabet told AFP. Thabet, a former high-ranking military official, confirmed the family was still at the hospital and said the Egyptian presidential office would organise the funeral. Mubarak was in power from 1981 until he …
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Nigeria to overhaul N-Power, other NSIPs | The Guardian Nigeria News - Nigeria and World News“All present processes, especially beneficiary enrolment and payments including for consultancies, are being scrutinised and stakeholders are being consulted for inputs that will lead to the total overhaul of the programmes in order to achieve the ... Meaning: Osinbanjo no longer to handle NPower. Aisha will be given the portfolio. Use and dump system
Source: GuardianNigeria - 🏆 1. / 94 Read more »