If the recommendations of the Ahmed Joda-led transition committee is anything to go by, the Muhammudu Buhari administration may be considering merging all debtor airlines in the country to form a national carrier.
Six of Nigeria’s leading domestic airlines are currently bogged down by huge debts totalling almost N130 billion, forcing them to turn to the Asset Management Corporation of Nigeria (AMCON) for a lifeline. Their debts, according to the Federal Ministry of Aviation excluded sundry debts to aviation agencies like the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management Agency (NAMA), suppliers and other institutions.
Details of the audit findings by the Aviation ministry showed that Aero Contractors’ debt stood at over $200 million (N308 billion), with 60 per cent of its equity already taken over by AMCON, while Arik Air has been in debt to the tune of over $600 million (N924 billion); IRS Airlines, $55 million (N84 billion); Chanchangi Airlines, $55 million (N84 billion), and the now bankrupt Air Nigeria owing about $225.8 million (N347.7 billion).
The Joda committee had in its report advised President Buhari to consider a public-private partnership (PPP) arrangement that would involve all airlines currently with AMCON, as part of the federal government’s contribution to a national carrier project.
The committee recommended that the decision be carried out in six months. This, it said, would increase government revenue from the sector, reduce capital flight, expand the local aviation industry and create more employment opportunities to the people.
The committee, which noted poor utilisation as one of the key challenges in the sector, said about 75 percent of passenger traffic were generated from three airports – Lagos, Port Harcourt and Abuja, while over 90 per ent of the revenue earned came from Lagos and Abuja.
The committee further advised that the Nigerian Civil Aviation Authority (NCAA) should in the next three months consider the upward review of capital requirements for airlines to N2.5 billion (domestic) and N5billion (international), to ensure a realistic capital base for domestic and international airlines for sustainability in accordance with global best practices.
Nigeria’s Communications Minister, Isa Pantami, Loses 13-year-old Daughter
Minister of Communications and Digital Economy, Isa Ali Pantami, has announced the loss of his 13-year-old daughter, Aishah Isa Ali.
The Minister took to his Twitter account on Monday night to announce this sad news.
Pantami stated that the funeral prayer for the deceased will be conducted in Abuja on Tuesday at Annur Masjeed, Wuse 2.
The post by the minister announcing the incident reads; “Inna lil Laahi wa inna ilaiHi Rajiun! My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.
“Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer In sha Allah. May Allah forgive and be merciful to her.”
Inna lil Laahi wa inna ilaiHi Rajiun!
My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.
Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer in sha Allah. May Allah forgive & be Merciful to her.
— Isa Ali Pantami, PhD (@DrIsaPantami) November 23, 2020
Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu
Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.
The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.
The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.
Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.
He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.
Zamfara Governor Secures Release Of 11 Kidnapped Victims
Governor of Zamafara, Bello Matawalle has announced the release of 11 kidnapped victims.
According to reports, ten of the victims were male and a female from Bukkuyum Local Government Area.
Matawalle received the rescued kidnapped victims on Saturday night at the Government House in Gusau, the state capital.
The Commissioner of Security and Home Affairs, Abubakar Muhammed Dauran revealed that the victims were released without paying a ransom.
He stated they were released as a result of the peace initiative and stakeholders meeting summoned by Governor Matawalle with all critical stakeholders from Bukkuyum Local Government Area on Thursday.
Governor Matawalle assured that his administration will not rest on its oars until total peace is achieved in all parts of the state.
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