Afreximbank to support aircraft financing in Nigeria

Afreximbank has pledged its support for aircraft financing for Nigerian airlines after a successful meeting at the Aviation Economic Conference in Dublin, Ireland.

Tunde Moshood, the Special Adviser on Media and Communications to the Minister of Aviation and Aerospace Development, Festus Keyamo, said this in a statement on Wednesday in Abuja.

The statement reads, “Afreximbank To Support Aircraft Financing for Nigerian Airlines Following Productive Side Meeting at Dublin Aviation Economic Conference.

“A significant milestone in Nigeria’s aviation sector was achieved during a side meeting held with the Afreximbank team at the ongoing Aviation Economic Conference in Dublin, Republic of Ireland.

“The meeting, facilitated by Boeing’s Senior Director of Finance, Lereece Rose, brought together key stakeholders to discuss aircraft financing opportunities for Nigerian airlines.
“The meeting was attended by the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, who led the Nigerian delegation.

“The delegation included distinguished members such as the Chairman, Senate Committee on Aviation, Senator Abdulfatai Buhari; Chairman, House Committee on Aviation, Hon. Abdullahi Idris Garba; Chairman, Senate Committee on Banking, Insurance, and Other Financial Institutions, Senator Abiru Adetokunbo; Director General of the NCAA, Capt. Chris Najomo; Managing Director of Fidelity Bank, Dr. Nneka Onyeali-Ikpe; COO of Air Peace, Toyin Olajide; CEO of XEJet, Emmanuel Iza; Chairman, ValueJet, Kunle Soname and his Managing Director, Capt. Majekodunmi, and Chairman/CEO of Bellagio Air, Dr. Oludare Akande, among other aviation stakeholders.”

The statement said Afreximbank, led by its Director and Global Head of Project and Asset-Based Finance, Helen Brume, at the meeting agreed in principle to collaborate with Nigeria on aircraft financing.

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