Festus Keyamo, the minister of aviation and aerospace
development, says insufficient aircraft in Nigeria is the primary reason for
frequent flight cancellations and high ticket prices for local and
international flights.
In an interview with the BBC Pidgin on Saturday, Keyamo
expressed concern over the challenges, including flight delays without prior
notice to passengers, assuring that they would soon be resolved.
He said the government has initiated a process to empower
Nigerian airline operators to partner with foreign companies that manufacture
airplanes.
“I met with the people on the ground and asked them, and
they told me that the money they pay to hire (rent) airplanes is too high,”
Keyamo said.
“They call it wet
lease, and the kind of airplanes they get are not the ones they can pay for in
installments, why? It’s because the people who bring airplanes to Nigeria for
business are afraid of Nigeria.
“They said Nigeria is full of dishonest people, and anytime
they bring their planes to Nigeria, if the people cannot pay, they cannot
recover their planes.
“I met with them around the world, and they told us to
change our law called the Cape Town Convention, when you sign it, it means you
are serious.
“The law we signed
states that if anyone brings an airplane into Nigeria, if there’s a problem,
the government will allow them to take their airplane back, we cannot hold it.”
Keyamo said after Nigeria signed the law and agreement, the
country’s aviation rating improved significantly — rising from 49 percent to
70.5 percent.
He expressed optimism that as more planes become available,
ticket prices will decrease.
On September 12, the federal government signed the Cape Town
Convention (CTC) practice direction to enable domestic airline operators to
access aircraft on dry lease.
The Cape Town accord aims to enhance asset-based financing
and leasing of aviation equipment, including aircraft, thereby expanding
funding opportunities and reducing costs for airlines.
With the agreement, Nigerian airline operators are expected
to gain access to aircraft on dry lease, which could lead to lower flight rates
for passengers.
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