Business
Nigeria’s International Passengers Reduce By 2.5%
The number of international passengers travelling to and from Nigeria declined in 2016 relative to 2015 by 2.5 per cent, the National Bureau of Statistics (NBS) has said.
In a Fourth Quarter 2016 and Full Year 2016 Air Transportation Data released in Abuja, the NBS stated that year-on-year growth rate steadily declined throughout the year.
It stated that it declined after recording growth of 5.2 per cent in the first quarter, declines of 1.7 per cent, 4.4 per cent and 8.2 per cent were recorded in the second, third and fourth quarters respectively.
It, however, stated that the reduction was not enough to outweigh the increase in the number of domestic passengers, meaning that overall, total passenger numbers increased between 2015 and 2016 (when comparing same airports).
“As with domestic travel, MMA in Lagos was the airport to account for the largest number of international travels.
“Lagos and Abuja accounted for broadly similar shares of passengers, Lagos dominates international travel, and in 2016 accounted for 69.1 per cent of international travel.
“This is perhaps unsurprising, given Lagos’s status as the business centre of Nigeria, and the location of the clear majority of foreign investment.
“In the third quarter of 2016, 763,374 international passengers travelled through MMA, an increase of 6.0 per cent relative to the second quarter.”
The report stated that in the final quarter the number of passengers travelling through MMA fell by 5.5 per cent to 721,181.
” Despite these trends, the share of MMA airport moved in the opposite direction, falling to from 69.5 per cent in the second quarter to 64.7 per cent in the third, before rising again to 71.6 per cent in the final quarter, the highest share in the year.
“Although the number of passengers travelling through MMA increased in the third quarter, there were large increases in several other airports.
“Conversely, many international airports saw large falls in passenger numbers in the final quarter.
“In both the third and final quarters, MMA airport recorded year on year decline in the number of international passengers, as with domestic passengers.
“The airport recorded a year on reduction of 7.4 per cent, although the decline in the final quarter was less sharp at 6.7 per cent in the third quarter,” it stated.
Meanwhile, the report stated that throughout 2016, cargo movement increased steadily, with increases of 7.7 per cent, 8.4 per cent and 10.4 per cent being recorded in the second, third and fourth quarter of 2016 respectively.
Consequently, it stated that the total volume of cargo movement rose from 45,551,487 kilogrammes in the second quarter to 49,359,641 kilogrammes in the third, before rising again to 54,515,095 kilogramnes in the fourth quarter.
“For 2016, the total volume of cargo movement was 191,738,000 kilogrammes.
“This compares to 189,171,872 kilogrammes in 2015, representing a year-on-year increase of 1.4 per cent,” it stated.
Business
Minister Constitutes Tech Committee On Aviation Ties With Angola
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has constituted a technical committee to work with the Angolan Embassy on deepening aviation ties with Nigeria.
Special Assistant on Media and Communications to the Minister, Mr. Tunde Moshood, in a statement, said the committee would oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
This development is coming after Keyamo received the Angolan Ambassador to Nigeria, Jose Bamoquina Zau, and his Deputy, Nelson Paulo Kafikiri, in Abuja.
The statement revealed that the Angola’s Minister of Transport, Dr. Ricardo Viegas de Abreu, was keen to build a synergy between both nations and was eager to tap into the wealth of experience of Nigeria’s aviation leadership.
According to the statement, “The visit is aimed at strengthening aviation ties between Nigeria and Angola, particularly as Angola embarks on a new era for its aviation industry.
“The Angolan delegation brought positive updates on the progress of Angola’s aviation sector, specifically highlighting the recent overhaul of its airport infrastructure.
Ambassador Zau informed Keyamo that the new airport, set to serve as a strategic hub for the region, will be officially inaugurated in one month’s time.
In delivering a message from the Angolan Minister of Transport, Ricardo de Abreu, the Ambassador conveyed the Minister’s warm greetings and underscored Angola’s eagerness to foster collaboration with Nigeria.
He expressed interest in exploring a bilateral air services agreement and other mutually beneficial opportunities within the aviation sector.
Ambassador Zau also extended an official invitation from Minister Ricardo de Abreu for Keyamo to attend the grand opening of Angola’s new airport next month.
He emphasised that both nations stand to gain from deeper cooperation, particularly in aviation business and infrastructure development.
In response, the aviation Minister expressed appreciation for the visit and congratulated the Angolan government on its impressive strides in aviation infrastructure.
He affirmed his commitment to attend the upcoming event and signalled Nigeria’s readiness to work closely with Angola to enhance air connectivity and explore new business opportunities.
“To ensure seamless coordination ahead of the event, the Aviation Minister has constituted a technical committee to work with the Angolan Embassy’s team.
“The committee will oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
“The meeting underscores the continued commitment of both nations to expand their aviation sectors and work towards a prosperous and mutually beneficial relationship”, Moshood stated.
Business
NIWA Wants Deeper Private Investment In Blue Economy
The National Inland Waterways Authority (NIWA) has called for deeper private sector participation in the blue economy initiative to harness greater benefits from it, for national development.
The Authority also commenced moves to improve security across the nation’s Waterways, in a bid to attract private investment into the Blue economy.
Managing Director of NIWA, Mr. Bola Oyebamiji, who disclosed this to newsmen during the tour of Wari and Onithsa area offices, said NIWA is determined to revamp the nation’s economy by consolidating on Public/Private Partnerships (PPP) initiatives.
“This initiative is part of our deliberate plans to open up new opportunities to maximise full economic potentials of the nation’s waterways.
“The PPP is the way to go but we need people or investors, who have genuine intentions and purposes to enable us align with President Bola Tinubu’s Renewed Hope Agenda for economic recovery”, he said.
The agency’s boss tasked the staff to live up to expectation by working harder in revenue generation that could open rooms to better their welfare.
He warned the staff against indolence and laxity since he was committed to staff welfare and revenue generation
According to him, there is need for the staff to be disciplined and committed by rededicating themselves to the growth and development of the Authority.
Business
Discount Airfares: Qatar Airways, Access Bank Extend To Dec
The Qatar Airlines, in its efforts to further ease financial burden of air passengers, has extended its discount partnership deal with Access Bank till December 2024.
Access Bank customers, who book their flights online using Qatar Airways’ website in this deal, enjoy up to 12 percent discount on both business and economy classses.
The Bank’s customers, using the promo code “ACCESS”, can book flights to any destination in the world and travel.
Qarta Airline, in a statement through the Vice President–Africa, Hendrick du Preez, stated that the partnership reiterates the Airways’ commitment to streamline travel within and across African markets by delivering first-rate services and offerings to passengers.
“As we are in the summer season and passengers tend to want to travel to spend time with loved ones, our priority at Qatar Airways remains broadening opportunities to travel for our passengers in the African market.
“Although Africa stands as the most underserved market, we strongly believe in the power of partnerships like these in transforming travel within the continent.
“We are proud to partner with respected pan-African financial institutions like Access Bank to provide innovative incentives for passengers and customers”, he stated.
This is coming on the heels of Qatar Airways’ recent expansion of routes across the African continent along with increased flight frequencies in various locations.
Also in the release, Access Bank’s Executive Director for Corporate and Investment Banking, Iyabo Soji-Okusanya, expressed enthusiasm about the partnership.
“Our team is delighted to collaborate with Qatar Airways to bring exceptional travel benefits to our valued customers. This offering aligns with our commitment to enhancing the overall experience for those who choose Access Bank and continue to do so every year.
“By providing exclusive discounts on Qatar Airways flights, we aim to make travel more accessible and enjoyable for our customers”, Soji-Okusanya said.
Corlins Walter
-
Politics5 days ago
APC Leadership Tussle: N’Central Forum Frowns At Gov Sule’s Support For Ganduje
-
News5 days ago
Take Steps To Mitigate Effects Of Fuel Price Hike, NIM Urges FG
-
Editorial18 hours ago
In Support Of Neighbourhood Watch Revival
-
Featured16 hours ago
More Synergy’ll Win Fight Against Oil Theft, Fubara Tells CDS …Promises Six Gun Boats To Tackle Sea Piracy
-
Rivers5 days ago
RSG Commits To Revamp Rehabilitation Homes
-
Oil & Energy5 days ago
Security Agencies, MDAs Owe Eko DISco N42bn – BPE
-
online games2 days ago
The Art of the Shift: How Top Teams Master Tactical Flexibility in Modern Football
-
Politics18 hours ago
#EndBadGovernance Protesters Bail Conditions Punitive, Witch-hunt – AI