Friday, July 4, 2014

FG of Nigeria sets to partner Chinese investors to float national carrier

The Supervising Minister of Aviation, Samuel Ortom has said that the
Nigerian Government is set to partner with Chinese Investors to float
a national carrier.
The Minister said this on Tuesday July 1, 2014 when some Chinese
investors visited him in his office in Abuja.

He added that the partnership would have both the public and private
sectors as stakeholders in the project.
Samuel Ortom promised that the government would create conducive
environment for investors in the aviation industry, insisting that
Government is willing to work with genuine investors to float the
national carrier which the country seriously needs.

The Minister further said it is gratifying to note that the Chinese
aviation experts and bankers were in the country to further explore
the opportunities for collaboration in the aviation sector.
Prior to the discussion, the Minister of State for Aviation noted that
the partnership will involve all the stakeholders in the private and
public sectors in the deliberations and negotiations.

He mentioned that the experts from the Government would include
officials from the Federal Airports Authority of Nigeria (FAAN), the
Nigeria Civil Aviation Authority (NCAA) and the Nigerian Airspace
Management Authority (NAMA).
He added that the meeting of the Chinese and technical experts will
culminate into a stable aviation industry in the nation, explaining
that it will continue till Thursday July 3, 2014 in Abuja.

In a remark made at the occasion, the Director – General of the China
Development Bank and the Managing Director of China Academy of Civil
Aviation Science Technology, Wang Wensug and Zhu Nuo expressed the
confidence that the discussion would yield tremendous economic
benefits to Nigeria. According to her, China is ready to go into
strategic partnership with Nigeria, especially in the area of aviation
because of the pool of expertise that the collaboration will bring to

He concluded by saying that China's economic partnership was not
hinged on exploitation, but on win-win situation.

Reference: Fed. Min of Information

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