The federal government says it
suspended the national carrier project due to investor apathy.
Addressing journalists on Monday
at the Murtala Mohammed International Airport in Lagos, Lai Mohammed, minister
of information and culture, explained that investors who were supposed to
partner with the government on the project were no longer forthcoming.
It was recently announced that
Nigeria Air, which was supposed to begin operations in December, has been
suspended indefinitely by the federal executive council.
“If the understanding of
government at the beginning was that the project might be self-financing or the
project would be financed by investors and you think that such a project can no
longer be sponsored by investors, either because they are not forthcoming or
such venture can no longer be viable, the government is at the discretion to
take a decision,” he said during the official opening of an in-flight catering
facility, the LSG Sky Chefs.
“The position of government in
business is to provide the enabling environment and it is not to become the
sole source of finance or funding and in addition, there is much more than
funding in trying to get our national carrier. So, the Federal Government
thinks this thing should be stepped down now until we get a better funding
structure.”
Hadi Sirika, minister of state
for aviation, had unveiled the national carrier’s name and logo at the
Farnborough International Airshow in London.
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