Nigeria seeks participation in $310b air cargo business

The Federal Government is rolling out measures that will see Nigeria become a major player in the global air cargo value chain set to hit $310 billion in the next few years.

Part of the strategies being considered is the encouragement of state governments to put more investment in air transport infrastructure.

Among such facilities include air cargo terminals intended as air cargo hubs for the country.

To achieve this, discussions and partnerships are ongoing between the Federal Airports Authority of Nigeria (FAAN) and some supranational entities , which have comparative advantage in growing agricultural produce and other items that could be taken out of country by air to earn foreign exchange.

From over $197 billion a few years back, the air cargo value chain has recovered and is inching towards a higher mark.

Plateau, Ogun, Nassarawa, Anambra, Ebonyi, Kano, Lagos and other states are among the locations considered for the designation as air cargo hub.

To drive this, some international financial institutions, including African Development Bank (AfDB), has invested in a quality assurance and testing facility in Sagamu, Ogun State for the Gateway Agro-Cargo Airport in Ilisan Remo.

The hybrid air transport facility is waiting regulatory approval from aviation authorities to commence commercial passenger and cargo activities.

Already, an air cargo village is under construction along the Murtala Muhammed International Airport (MMIA), in Lagos.

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