Connect with us

Business

Airlines Oppose Abuja Airport Closure

Published

on

muritala-muhammed-airport
  • Airlines Oppose Abuja Airport Closure

The Federal Government on Thursday explained to aviation stakeholders why the Nnamdi Azikiwe International Airport, Abuja must be shut for six weeks beginning from March 8 in order to carry out repairs on its runway and taxi ways.

But despite the explanation made by the Minister of State for Aviation, Senator Hadi Sirika, at a stakeholders’ meeting, the Airline Operators of Nigeria, an umbrella body for carriers in the country, opposed the move by the government to shut the NAIA.

The Federal Government had earlier stated that during the closure of the Abuja airport, passenger traffic and flight activities would be diverted to the Kaduna International Airport for the six-week period, a development that would lead to the screening of air travellers twice, in Abuja and Kaduna.

In a bid to get the inputs of stakeholders, the Federal Government convened an industry-wide meeting on Thursday, which had in attendance different security agencies’ officials, representatives of foreign embassies in Nigeria, international airline operators and their domestic counterparts, legislators, the governments of Kaduna, Kwara and Niger states, as well as other participants.

However, in its submission after an elaborate presentation by the minister, the AON declared that it was in support of the rehabilitation of the NAIA runway, but stressed that the facility should be repaired at night without necessarily shutting down the airport completely for six weeks.

Speaking on behalf of the airline operators, the Chairman, AON, Capt. Nogie Meggison, argued that the Kaduna airport might not be ready to carry the volume of traffic that hits Abuja on a daily basis, among other issues.

He said, “We are in total support of the rehabilitation of the Abuja runway, which is long overdue and is becoming a safety issue that needs to be addressed as soon as possible. But the AON, on the other side, is of the view that shutting the runway is not the best for now.

“We believe that the runway can be repaired at night, like what is done in other countries. A case study is the Gatwick Airport, which handles 400,000 passengers annually, far higher than what Abuja handles. Or alternatively, the runway in Abuja is 3,900 metres and if you split it into two, you will get roughly 2,000 metres.”

Meggison added, “With 2,000 metres of runway, they can fix one side for three or four weeks and come back to the other side. With 2,000 metres of runway, a 737 aircraft can comfortably get into it for a one-hour flight; and a DRJ, Dash-8 and domestic carriers can come in. International carriers can go to Lagos and Kano, and we distribute for them, like what is done anywhere in the world.”

“We also believe that Kaduna may not be too ready for this and for the volume of passengers that will be coming through that airport.”

In response to the AON’s position, the minister said the government would have worked at night on the Abuja airport if the level of dilapidation of the facility was just on the surface of the runway and taxi ways.

Sirika said, “But right now, all the four-level structures on that runway are completely gone. It is completely dilapidated. What was done in Gatwick was done for six months, but we are doing six weeks of closure to be able to attend to the critical parts of that runway.

“This working at night without disruption of flights is what we have been doing for 14 years on that runway and we have been achieving the same result. To stop spending billions and getting the same result, we engaged a wide range of engineers, who advised that it be closed and a complete and thorough job be done on the runway.”

The minister explained that the lifespan of the Abuja runway had been exceeded by 14 years without adequate maintenance as opposed to that of the Gatwick Airport, which receives constant maintenance.

He stressed that the Abuja runway might be forced to shut down on its own, as was the case of the Port Harcourt airport runway some years ago, a development that grounded flight activities in the state for two and half years.

On logistics being put in place for travellers to use the Kaduna airport, Sirika said N1.1bn had been approved by the Federal Government for its rehabilitation and that work on the facility would be completed before March 8.

He said Abuja passengers would board free buses to and from the Kaduna airport, adding that security would be provided by aviation security personnel, police, Ministry of Defence, Nigeria Security and Civil Defence Corps and the Kaduna State Government.

Sirika explained that military and police officers would be stationed on the Abuja-Kaduna Expressway during the six-week period, and that there would be train and helicopter services for passengers who could afford them.

On claims that the United Kingdom High Commission in Nigeria would close its services during the period, the minister stated this was a lie, adding that he had met with the personnel of the high commission and they had refuted the allegation.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Business

Dry Cleaners Set to Tap into $165 Billion Global Cleaning Industry

Published

on

The Fabric Professionals and Dry Cleaners Association of Nigeria (FPDA) is gearing up to host the “Clean Show Africa 2024” conference.

This conference aims to expose over 25,000 dry cleaners to the vast opportunities present in the global cleaning and hygiene industry, valued at a staggering $165 billion.

Scheduled to take place on May 28–29, 2024, in Lagos, the event is themed “Positioning Africa’s fabric and hygiene industry for excellence.”

It comes at a crucial time when Nigeria’s dry cleaning industry is experiencing steady growth, with projections indicating a 6.4% annual increase over the next decade.

According to Enibikun Adebayo, Chairman of FPDA, Nigeria’s dry cleaning industry was valued at $8.4 million in 2019.

However, this figure is expected to rise significantly, presenting a ripe opportunity for stakeholders to tap into.

Adebayo emphasized the importance of collaboration within the industry to fully leverage its potential.

“A year ago, we launched FPDA of Nigeria. We are also using the platform to educate our members to be better professionals,” stated Adebayo, highlighting the association’s commitment to enhancing professionalism and standards within the sector.

The conference will shine a spotlight on women in the dry cleaning business, recognizing their pivotal role in driving the industry forward. Reports have shown that dry cleaning businesses are often better managed by women, and the event aims to provide them with the necessary support and resources to thrive.

Ruth Okunnuga, Managing Director of Wasche Paint Nigeria, expressed the need to revolutionize Nigeria’s dry cleaning and laundry industry, emphasizing the lack of proper structure and investment.

She stressed the importance of data collection for effective planning and growth within the sector.

Joseph Oru, Managing Director of Zenith Exhibition, highlighted the conference’s objective of engaging the Federal Government to establish training institutions for dry cleaners. Such institutions would play a crucial role in equipping professionals with the skills and knowledge needed to meet global standards.

As Nigeria’s dry cleaning industry prepares to tap into the vast opportunities offered by the global cleaning market, the Clean Show Africa 2024 conference stands as a pivotal platform for collaboration, innovation, and growth within the sector.

With a focus on excellence and professionalism, stakeholders aim to position Nigeria as a key player in the dynamic and lucrative cleaning and hygiene industry.

Continue Reading

Business

Nigeria-Taiwan Commerce Falls to $500m in 2023

Published

on

U

The Chief of Mission to the Taiwanese Government in Nigeria, Andy Liu, has said that the trade relations between Nigeria and Taiwan drop to $500 million in 2023 from $1 billion in 2021.

Liu made these comments during the 2024 Taiwan Business Forum held in Lagos.

According to Liu, Nigeria’s status as a net exporter of agricultural products, particularly sesame seeds has historically fueled the trade between the two nations.

However, the peak in trade experienced in 2021, buoyed by increased demand for Nigerian agricultural goods, notably declined in subsequent years.

“The highest peak of trade reached about $1 billion in 2021. It was the peak of COVID-19, with Nigerians enjoying surplus trading with Taiwan. We imported more of Nigeria’s agricultural products, such as sesame, aside from oil-related products. In 2021, we had a huge demand for agricultural products for our food processing industries,” Liu stated.

However, the trade dynamics shifted in the following years, leading to a significant decline in trade volume.

Liu attributed this decline to a normalization of demand following the peak in 2021, resulting in a reduction in trade value to $500 million by 2023.

Despite this decrease, Liu remained optimistic about the future trajectory of trade relations between the two countries.

“We might see some level of increase in the near future,” Liu enthused, highlighting Nigeria’s continued significance as a destination for Taiwanese businesses.

In addition to discussing trade volume, Liu addressed the issue of counterfeiting and piracy, which has affected Taiwanese products globally.

He said the Taiwanese government is working to combat this challenge by showcasing the quality of Taiwanese products and providing after-sale services.

“We have been having our delegates visit the world to prove that we are victims of piracy, but we are going to use the platform to show that we have good and quality products to let the world know who the true providers of these quality goods are,” Liu affirmed.

The President of Globe Industries Corporation, David Hwang, echoed concerns about counterfeit products, attributing the decline in profit margins to the influx of counterfeit goods from China.

Hwang emphasized the need for partnerships to address this issue and foster mutually beneficial trade relations.

Responding to the developments, the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Sola Obadimu, commended the Taiwanese focus on African businesses and the quality of their products.

He pledged NACCIMA’s continued collaboration with Taiwanese companies to drive business growth for both nations.

As Nigeria and Taiwan navigate the challenges posed by fluctuating trade volumes and counterfeit goods, stakeholders remain committed to fostering resilient and mutually beneficial economic ties.

The 2024 Taiwan Business Forum served as a platform for dialogue and collaboration, laying the groundwork for future cooperation between the two nations.

Continue Reading

Business

Nigeria Advances Plans for Regional Maritime Development Bank

Published

on

NIMASA

Nigeria is making significant strides in bolstering its maritime sector with the advancement of plans for the establishment of a Regional Maritime Development Bank (RMDB).

This initiative, spearheaded by the Federal Government, is poised to inject vitality into the region’s maritime industry and stimulate economic growth across West and Central Africa.

The Director of the Maritime Safety and Security Department in the Ministry of Marine and Blue Economy, Babatunde Bombata, revealed the latest developments during a stakeholders meeting in Lagos organized by the ministry.

He said the RMDB would play a pivotal role in fostering robust maritime infrastructure, facilitating vessel acquisition, and promoting human capacity development, among other strategic objectives.

With an envisaged capital base of $1 billion, RMDB is set to become a pivotal financial institution in the region.

Nigeria, which will host the bank’s headquarters, is slated to have the highest share of 12 percent among the member states of the Maritime Organization of West and Central Africa (MOWCA).

This underscores Nigeria’s commitment to driving maritime excellence and fostering regional cooperation.

The bank’s establishment reflects a collaborative effort between the public and private sectors, with MOWCA states holding a 51 percent shareholding and institutional investors owning the remaining 49 percent.

This hybrid model ensures a balanced governance structure that prioritizes the interests of all stakeholders while fostering transparency and accountability.

In addition to providing vital funding for port infrastructure, vessel acquisition, and human capacity development, the RMDB will serve as a catalyst for indigenous shipowners, enabling them to access financing at favorable terms.

By empowering local stakeholders, the bank aims to stimulate economic activity, create employment opportunities, and enhance the competitiveness of the region’s maritime sector on the global stage.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending