The Federal Government has urged the creation of
indigenous aircraft leasing companies in Nigeria to strengthen aviation
financing and support the modernisation of airline fleets.
The announcement was made by the Minister of Aviation
and Aerospace Development, Festus Keyamo, at the 2025 FAAN National Aviation
Conference (FNAC) on Monday, where he was represented by a senior official.
According to Keyamo, establishing local leasing firms
will attract private-sector participation and enhance the nation’s position as
a strategic aviation hub. He highlighted that the investment proposals
presented by the Federal Airports Authority of Nigeria (FAAN) are designed to
operate through transparent public-private partnership frameworks.
“Nigeria is not only a large market; it is a strategic
aviation hub, and the investment priorities we present are structured, viable,
and designed for private-sector leadership,” Keyamo stated.
He added that Nigeria’s strengthened legal framework
for aviation financing provides a conducive environment for local leasing
firms, enabling airlines to access funding more easily for fleet expansion.
Keyamo also highlighted additional investment
opportunities, including:
“With Nigeria’s significantly improved legal standing
for aviation financing, the environment is primed for indigenous leasing firms.
This is a direct opportunity to deepen aviation financing and support airline
fleet modernisation,” he added.
The Federal Government’s call aligns with broader
efforts to attract private investment, modernise the aviation sector, and
position Nigeria as a key aviation and logistics hub in Africa.
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