By Ismail Auwal
The Federal Government has officially opened a bid for proposal on the national carrier, three weeks to proposed take-off date.
In a statement shared on the official Twitter handle of the Ministry of Aviation interested investors are urged to take advantage of the offer.
“The federal government of Nigeria (FGN), through the federal ministry of aviation, is seeking to reposition Nigeria’s aviation sector, as part of efforts towards the diversification of the economy, promoting the competitiveness of the sector, boosting productivity, and enhancing economic growth,” the statement reads.
Continuing, the statement added that “the FGN, through the federal ministry of aviation, is inviting interested private parties to submit proposals for the take-over and further development of the National Carrier, the recently launched ‘Nigeria Air’ to take advantage of the opportunities of the largest market in Africa.”
It however explained that the private sector partners/consortia are expected to comprise an International Airline (max. 49% shares), and Nigerian Financial and Institutional Investors (min. 46% shares), so that the total Nigerian shareholding will hold a minimum of 51% of the shares of Nigeria Air’ (including the 5% non-interactive FGN share), as required by international laws for a National Carrier.
