Nigeria's aviation sector is attracting fresh interest from institutional and foreign investors, as the Minister of Aviation and Aerospace Development, Festus Keyamo, met with a delegation from the Ministry of Finance Incorporated (MOFI) and Qatari-based Power International Holdings.
The meeting explored opportunities for structured private investment to boost infrastructure and unlock value across the aviation value chain a move seen as key to driving economic growth and job creation.
MOFI Managing Director, Dr. Armstrong Ume Takang, described Keyamo's recent introduction of the Cape Town Convention and IDERA framework as a game-changer that signals Nigeria's readiness for capital inflow.
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"This aligns with the federal government's $1 trillion economy target and opens room for SMEs and service providers across the aviation ecosystem," he said.
Keyamo said the collaboration offers new prospects for local businesses. "MOFI fills the investment gap we've long sought in the sector's reform," he added.
Both parties agreed to set up a joint team to explore viable projects and partnerships.
The move supports the Renewed Hope Agenda, with ripple effects expected for small businesses in logistics, maintenance, and aviation support services.
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