Nigeria has signed a Letter of Intent with the African Development Bank (AfDB) to support aviation development and transformation across the continent.
Minister of Aviation and Aerospace Development, Festus Keyamo, signed the agreement on behalf of Nigeria during a dialogue session with AfDB President and governors in Brazzaville, Congo.
A statement by the minister’s Special Adviser on Media and Communications, Tunde Moshood, said Keyamo attended the meeting as the African Champion of the Integrated Aviation Transformation Programme of the AfDB.
During the session, the minister highlighted opportunities in the bank’s proposed $7bn aviation programme for Africa and Nigeria.
Keyamo also unveiled President Bola Tinubu’s Renewed Hope Agenda for the aviation sector, including plans for the newly approved Nigeria Aircraft Leasing Company.
According to the statement, the minister urged the AfDB to mobilise funding support for the initiative, describing it as a major step towards strengthening the country’s aviation industry.
He added that Nigeria had already taken steps to support aviation reforms through the domestication of the Cape Town Convention, updates to the Irrevocable Deregistration and Export Request Authorisation framework, and reforms in aviation insurance policies.
The AfDB President reportedly expressed support for the programme and pledged commitment to its implementation in Nigeria and across Africa.
Keyamo also unveiled Nigeria’s Country Compact for the aviation sector during the event.
