Business
NAHCo Secures Validation For PH Airport’s Operations
Nigerian Aviation Han
dling Company (NAHCo), says it has secured International Civil Aviation Organisation’s (ICAO) Regulated Agent Third Country Validation Process (RA3 Validation), for Port Harcourt International Airport operations.
This is contained in a statement issued by the company’s Chief Commercial Officer, Mr Seyi Adewale, in Lagos.
The Tides gathered reports that the RA3 validation is a cargo handling entity located in a third country that is validated and approved as such on the basis of an EU aviation security validation.
The statement noted that it had previously received the first for the Lagos operations in 2013, followed by Abuja and now Port Harcourt.
It stated that these three stations were vital to its operations, adding that efforts were also in top gear toward securing same for other equally important stations where it operates.
The statement explained that the RA3 Validation for Port Harcourt Airport brings to three the number of airports where NAHCo Aviance had secured the all-important validation.
It stressed that this was the first ground handling company in the country to pass and receive the Ra3 Validation in compliance with the European Union (EU) regulatory requirements.
“This validation has reaffirmed its position as the ground handler of choice for major airlines operating aircraft from Nigeria to the EU.
“It means that shipments emanating from its facility will be directly accepted in all EU countries.
“Like other licences, the Ra3 Validation which is a critical requirement for EU bound flights, will aid in drastically reducing the cost of acquiring ACC3 validation for the airline’s operations,” it said.
The statement said the import of these licences for the client airlines would be a reduction in the cost of doing business.
“Notwithstanding the negative and unpleasant attention generated by the ‘worst airport’, we deployed all our resources and compliance capabilities to reverse the impression.
Consequently, all EU countries have been notified of Port Harcourt airport’s compliance to cargo export and this is worth celebrating”, it said.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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