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Aviation: Leveraging On ICAO’s President’s Visit To Nigeria

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Minister of State for Transportation (Aviation), Senator  Sirika Hadi (left), receiving from the Chairman, Committee on the Review and Amendment of Civil Aviation Acts 2016, Dr Ibrahim Idris,the committee's report in Abuja on Friday. With them is the Permanent Secretary in the Ministry, Mr Sabiu Zakari (middle).

Minister of State for Transportation (Aviation), Senator Sirika Hadi (left), receiving from the Chairman, Committee on the Review and Amendment of Civil Aviation Acts 2016, Dr Ibrahim Idris,the committee’s report in Abuja on Friday. With them is the Permanent Secretary in the Ministry, Mr Sabiu Zakari (middle).

The world aviation
regulatory body, International Civil Aviation Organisation (ICAO), recently scored Nigeria high on aviation security during its Universal Safety Oversight Audit Programme in the country.
Analysts observe that the positive scorecard on Nigeria’s aviation security at a time when the global aviation industry is faced with sundry security challenges is indicative of the commitment of the Federal Government to ensure a safe and secured airspace.
The President of the ICAO Council, Dr Bernard Aliu, who unveiled the scorecard during his recent visit to Nigeria, said that the country scored 96 per cent on security audit while the safety audit score would be ready soon.
By implication, analysts note that Nigeria’s current high score in aviation security will translate to several benefits as the global aviation body has lined up several programmes to further boost the nation’s aviation industry.
Aliu, a Nigerian, said he was elated at the achievement, observing that ICAO was willing to support Nigeria to improve on areas it has deficiency.
He pledged that ICAO would help to reposition the Nigeria College of Aviation Technology, Zaria, to become a regional aviation training centre as part of the organisation’s plan to support capacity building in the sector in Africa.
Aliu added that ICAO was determined to partner Nigeria in order to nip in the bud any security threat in the airports and in the airspace, stressing that security was one of the critical issues in aviation.
According to him, his major challenge as ICAO President had been to raise the level of implementation of ICAO standards among member countries, their level of resources notwithstanding.
Aliu said that for Nigeria to be a hub, strong indigenous carriers and well developed and equipped airports needed to be in place.
“With a professional as the minister of state for aviation, there is no doubt that the sector will be transformed soon, especially by pooling ICAO resources at the disposal of Nigeria to develop the aviation sector.
“We inaugurated a campaign a few years ago so that no country is left behind, the focus of which is to support our developing states.
“ICAO is an organisation of 191 countries; some are much endowed and some are less endowed and all the member-states have to fulfil the same standards and recommended practices; there is no short cut.
“In doing that, we cannot cover the whole 191 states; we have to work with regional offices and in Africa, Nigeria will be the number one candidate,’’ Aliu said.
Commending Aliu’s visit, the Nigerian aviation authorities expressed determination to consolidate on its current high security rating by ensuring that all the recommendations by ICAO are implemented.
The Managing Director, Federal Airports Authority of Nigeria (FAAN), Mr Saleh Dunoma,  reiterated the authority’s commitment to sustain the standards achieved following the recent ICAO audit.
Dunoma informed Aliu that the new international terminals being constructed simultaneously in Lagos, Abuja, Port Harcourt, Kano and Enugu, would increase capacity and improve passenger facilitation in the country.
He added that the passenger traffic at the airports had increased from 4.4 milion to 15 million per annum in the past 12 years, adding that FAAN would also expand its capacity to accommodate envisaged growth.
Dunoma commended the ICAO president, whom he described as “an icon, who has positively impacted aviation globally.’’
He emphasised that his policy of “no country left behind’’ had addressed the challenges faced by the sector, especially in developing countries.
Commenting on ICAO’S ratings, the Chairman, Ministerial Committee on Aviation Security, Air Commodore Hambali Tukur, described the visit of the ICAO president as a good sign for the industry and the country.
Tukur, therefore, urged the Federal Government to implement all the recommendations made by the ICAO boss in order to enthrone the highest level of aviation security in the continent.
According to him, given the place and importance of aviation around the world, there must be adherence to certain minimum standards for the sake of passengers and all participants in the industry.
“It is good for ICAO to from time to time, carry out this audit and advise on how to improve aviation safety and security not only in Nigeria but all over the world.
“Like I said earlier, for the ICAO president to come to Nigeria, it shows the importance the world body attaches to the nation’s civil aviation, especially the change in the new administration,’’ he said.
Tukur also commended Aliu for the decision of ICAO to make the Nigeria College of Aviation Technology, Zaria, a regional training centre in Africa, describing it as a premier institution in Africa.
He said the college should be given its pride of place in the region through necessary upgrades and transformation into a world class aviation college.
Tukur further said that the establishment of a national carrier would help boost the contribution of the aviation sector to the country’s Gross Domestic Product (GDP), noting that many countries had sustained their economies through aviation.
He, however, advised that adequate steps should be taken to ensure that the country did not repeat the mistakes that led to the demise of the defunct Nigerian Airways.
According to him, the economy must be able to sustain the aviation industry before a country can have a national carrier, because it is foreign currency dependent.
“We don’t manufacture things that the industry uses; that means there would be high demand of foreign currency to take off to such a level that we would be able to use local content.
“Many countries, even within the African region, have moved aviation to such a position that their economy depends on it.
“Take Ethiopia for instance, Ethiopian Airline is world standard because it is part of the Star Alliance and it is contributing greatly to the economy of that country.
“The same thing will happen if Nigeria is able to marshall its resources and give the aviation industry the boost it needs with the establishment of a national carrier,’’ he said.
Ogbaje is of the News Agency of Nigeria (NAN).

 

Sumaila Ogbaje

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FG Approves ?758bn Bonds To Clear Pension Backlogs, Says PenCom 

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The Federal Government has approved ?758b in bonds to offset long-standing pension liabilities, including pension increases owed since 2007.
The Director-General, National Pension Commission, Omolola Oloworaran, disclosed this at a two-day Sensitisation Workshop on the workings of the Contributory Pension Scheme for Employees and Pensioners in the North-East, in partnership with the National Salaries, Incomes, and Wages Commission (NSIWC), and held in Yola, last Thursday.
Represented by the Commissioner for Administration in PenCom, Alhaji Bello Abubakar, Oloworaran described the approval as a bold step by President Bola Tinubu to bring relief to vulnerable pensioners and restore confidence in the pension system.
She said the workshop formed part of ongoing reforms to enhance awareness and deepen understanding of the CPS among retirees and other stakeholders.
According to her, other key interventions under the reforms included pension increases for over 241,000 retirees, representing 80 per cent of those under the programmed withdrawal arrangement.
“The increases raised monthly payments from ?12.15 billion to ?14.83 billion, effective from June 2025.
“The commission has also eliminated waiting time for pension payments, ensuring that, since July 2025, retirees now access their benefits immediately after retirement.
“The proposed reintroduction of gratuity for civil servants, with a framework developed to restore gratuity benefits for federal workers under CPS, in line with Section 4(4) of the Pension Reform Act (PRA) 2014,” she said.
The PenCom DG explained that the initiative was aimed at further enhancing post-retirement benefits and improving the welfare of pensioners.
Oloworaran stressed that the sensitisation workshop would help address misconceptions and build public confidence in the CPS while offering an opportunity for engagement, feedback, and trust-building with stakeholders.
Also speaking, the Chairman, National Salaries, Incomes and Wages Commission, Ekpo Nta, represented by the Deputy Director of Compensation, Chika Ochor, said the workshop would promote better understanding of the CPS and its benefits.
Nta insisted that pension provides financial security in old age, enabling retirees to maintain their standard of living, reduce poverty, and avoid dependence on families and government adding that the current administration had introduced far-reaching reforms in pension administration to ensure prompt and sustainable payment of retirees’ benefits.
In his remarks, the Director-General, National Orientation Agency (NOA), Lanre Issa-Onilu, commended PenCom and NSIWC for their collaboration in bridging knowledge gaps on the CPS and online enrolment processes.
He reaffirmed NOA’s commitment to promoting national values, policy awareness, security consciousness, and disaster preparedness.
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Banks Must Back Innovation, Not Just Big Corporates — Edun

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Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on Nigerian banks to channel more credit to young innovators and small businesses, saying the era of concentrating lending on big corporates must give way to inclusive, innovation-driven financing.

Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.

Edun emphasised that while the reforms under President Bola Tinubu have begun to yield tangible progress since May 2023, inclusive growth remains critical to sustaining the recovery.

“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.

The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.

“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.

The minister who described the private sector as the engine of growth, said the government’s reform agenda aims to create an enabling environment where businesses can thrive, access funding, and contribute meaningfully to job creation.

He commended the Central Bank of Nigeria (CBN) for maintaining monetary discipline under its current leadership, describing the tight policy stance as a necessary step to curb inflation, stabilise the financial system, and restore investor confidence.

Also speaking, Chairman of the Committee of Bank CEOs and Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Oliver Alawuba, commended the CBN and the Federal Ministry of Finance for their coordinated policies that have eased pressure on the foreign exchange market and restored investor confidence.

“We thank the Minister of Finance and the CBN Governor. We have seen the difference. A year ago, customers were asking for dollars; today, we are asking them if they need any. Thanks to the efforts of the coordinated economic team,” Alawuba said.
He urged newly inducted Fellows and Senior Members of the Institute to champion digital transformation, strengthen trust, and promote collaboration within the banking industry.

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FG Seeks Fresh $1b World Bank loan To Boost Jobs, Investment 

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The Federal Government has begun discussions with the World Bank for a new $1 billion loan under a programme designed to accelerate private investment, job creation, and economic diversification.

The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.

According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.

If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.

The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.

The loan would back reforms intended to expand access to credit and digital financial services, lower prices for households and firms, and boost productivity in key agricultural value chains.

“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.

The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.

To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.

The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.

Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.

Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.

The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.

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