The Federal Government has opened a bid for proposal on the national carrier and asked interested bidders to submit proposals for
The Aviation Ministry disclosed this in a statement shared on the official Twitter handle.
It state: “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.
“To this end, 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”,
The ministry advised interested bidders to visit its website for further information, breaking down percentages for different investors.
It further clarified: “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.
“Interested parties can download the RFP and the Information Memorandum (1M) from the website: www.nigerianaviationpppprojects.com”, it added
It would be recalled that last week, the Minister of Aviation, Hadi Sirika, announced that the government would own just five percent equity of the proposed airlines and that it would issue requests for proposals to intending investors.
The minister, who hinted that government had already begun with the AOC (Air Operator Certificate), restated the federal government’s commitment to reposition the aviation sector as part of its diversification agenda of the economy and sustainable national development.
