Business
Expert Wants Good Policies In Aviation Industry
A stakeholder in the aviation industry, Nick Fadugba, has said that the aviation industry can be a catalyst for economic growth and social advancement of the country and Africa, if good policies are put in place.
He urged the Federal Government to provide more support for the growth of the aviation industry. which according to him, is a catalyst for economic development.
Fadugba who is the Chief Executive Officer of African Aviation Services, disclosed this in a chat with aviation correspondents recently.
He called for positive investment driven policies to develop the aviation sector.
Nigeria’s problem is not just in making policies, but that the policies that are made are ineffective and so, they somersault, he said.
“Aviation in Nigeria, if properly harnessed, could become one of the keys to Nigeria’s future prosperity. The sector is indispensable to the socio-economic development of the country.
“In the last 25 years, the Nigerian carrier passenger traffic has reduced from 60 percent to 20 percent, and this calls for government to review Bilateral Air Service Agreement (BASA) and also consult with indigenous carriers before allowing frequencies, as they are treated like oil blocks”, he said.
Fadugba decried a situation where over 90 percent of international air traffic to and from Nigeria is done by foreign airlines.
According to him, this is capable of causing damage to the economy in several ways like the huge capital flight from Nigeria, the continued deterioration of the Nigerian aviation industry, and the loss of skilled aviation employment opportunities.
He said a situation where foreign airlines operate in virtually all Nigerian airports without Nigerian airlines reciprocating amounts to a negative balance of trade, noting that the liquidation of Nigerian Airways has put a stumbling block on the development of aviation in the country.
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