AfDB, Afro-Exim Bank Express Readiness to Invest in Nigeria Air

By September 26, 2018 Investment News

Aviation Minister Hadi Sirika has revealed that the African Development Bank (AfDB) and others are ready to invest in the Nigeria Air project.

Sirika had last week announced the suspension of the project due to investors’ apathy, just two months after it was unveiled.

Advertise With Us

However, in a statement on Tuesday, the minister said institutions like the Afro-Exim Bank, Standard Chartered Bank, Airbus, and Boeing were ready to invest in the project.

“These (investors) include international financial institutions such as the Afro-Exim Bank, African Development Bank, Standard Chartered Bank; aircraft manufacturers, Airbus and Boeing; airlines such as Ethiopian Airlines, Qatar Air, etc., and some reputable individuals and entrepreneurs,” the minister said.

He added that the Federal Executive Council “only suspended the process for the establishment of the national carrier for the time being. The project has not been killed. These clarifications have been made in the public interest.”

Source: Concise