The Minister of Aviation and Aerospace Development, Festus Keyamo, has held a strategic meeting with the Ministry of Finance Incorporated (MOFI) and Qatari investors to explore potential investment opportunities in Nigeria’s aviation sector.
This development is part of broader efforts to reposition the industry as a cornerstone of the nation’s economic transformation.
MOFI’s Managing Director, Dr. Armstrong Takang, commended the Minister’s recent introduction of the Cape Town Convention and Irrevocable Deregistration and Export Request Authorisation framework, describing it as a “masterstroke in reform-minded policy innovation critical to unlocking capital inflow and building a robust aviation sector”.
These initiatives align with President Bola Tinubu’s vision for a trillion-dollar Nigerian economy driven by strategic sectors, including aviation.
Keyamo expressed deep appreciation for the visit, acknowledging MOFI’s critical role in bridging the gap between government policy and long-term private capital investment. “Sound policy is the foundation of investment attraction. MOFI is indeed the missing link we have been seeking in our drive to reform and reposition the aviation sector. I welcome this opportunity for structured collaboration”, he remarked.
Both parties have agreed to establish a joint working team to fine-tune identified areas of cooperation, conduct feasibility assessments, and propose actionable steps toward implementation.
This collaboration marks a significant step toward harnessing institutional capital for aviation infrastructure, a key component of the Renewed Hope Agenda under President Tinubu’s administration.