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Home»General News»Shareholders, not FG unveiled Nigeria Air – Sirika
General News

Shareholders, not FG unveiled Nigeria Air – Sirika

Abdallah el-KurebeBy Abdallah el-KurebeJune 12, 2023Updated:June 12, 2023No Comments3 Mins Read
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The former Minister of Aviation, Hadi Sirika says Nigeria Air was unveiled not by the federal government but the shareholders of the national carrier.

Sirika explained this when he appeared on Arise TV on Sunday.

The ownership structure of the Nigeria Air has 49 percent held by Ethiopian Airlines, 46 percent by Nigerian private investors (SAHCO, MRS and other institutional investors), and five percent by the federal government.

It was unveiled about three days before the end of former President Muhammadu Buhari’s administration.

The chairman of the House of Representatives Committee on Aviation, Nnolim Nnaji, while reacting to the launch, had described the unveiling process of Nigeria Air as a “fraud”.

The chief executive officer (CEO) of Nigeria Air, Dapo Olumide, also the committee that the aircraft used for the unveiling of the national carrier was a chartered flight from Ethiopian Airlines.

Sirika affirmed Olumide’s stance, but explained that although the plane was chartered, the Nigerian government was not responsible for paying for the flight.

He said the unveiling of the single aircraft was a marketing strategy by the Nigeria Air partners, adding that the national carrier would resume operations once the air operator certification (AOC) process was completed.

“It is their own marketing strategy as equity partners that they came to do this unveiling on a special allowance which is called a chartered flight.

“Chartered does not mean they paid for it. If there is anybody that paid for it, it would have been the Ethiopian Airlines. No penny is paid.

“It was the owners of Nigeria Air, the consortium of the federal government (five percent) that decided to do the unveiling as part of their marketing strategy.

“So it is not the government that was doing the unveiling to start the operations. Not at all. It was them who did it and I was invited,” Sirika said while denying allegations that the unveiling of the national carrier was shrouded in secrecy.

“This airline was advertised during the procurement stage in the Economist and in national dailies. And there was a bidding process and members of the Airline Operators of Nigeria (AON) participated in the bidding conference,” he said.

Meanwhile, Sirika said the government has spent about N3 billion in seven years to ensure that the airline becomes operational.

“In 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023, all of the monies voted for the national carrier was N5 billion, but all that was released is in the neighbourhood of N3 billion — not N85 billion,” he said.

Hadi Sirika Nigeria Air
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