IN what it described as Nigeria’s leadership and vision in respect of various policy reforms to transform the aviation sector, the African Development Bank (AfDB) has appointed Nigeria’s Aviation Minister, Festus Keyamo, as the African Champion to drive its programme developed to invest substantially in aviation in Africa.
The programme is known as the Integrated Aviation Transformation Programme for Africa (IATP), for which the bank has earmarked the sum of $7 billion.
In this respect, the bank invited the minister to its Annual General Meeting (AGM) held in Brazzaville, where the formal signing of the Letter of Intent (LOI) between the bank and Nigeria was done.
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The Integrated Aviation Transformation Programme for Africa is a continent-wide platform designed to modernise Africa’s aviation ecosystem and mobilise private, institutional, and concessional capital.
It seeks to revitalise the industry, as African airlines currently account for less than three percent of global air traffic despite housing nearly 18 percent of the global population.
The Aviation Minister is now expected to bring his knowledge, commitment and passion to drive this programme in the whole of Africa.
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