Connect with us


How Nigeria Lost $2.5bn to Foreign Countries Due to Lack of MRO



Arik Airplane - Investors King

The Federal Airports Authority of Nigeria (FAAN) at the National Aviation Conference on Tuesday disclosed that Nigeria lost $2.5bn in Maintenance, Repair and Overhaul (MRO) services on Nigerian aircraft and other facilities in 2021.

FAAN explains that the absence of an MRO facility in Nigeria was costing the country billions of dollars annually.

FAAN Managing Director Rabiu Yadudu, said “I am looking forward to a time when, instead of sending our human resources and flying machines abroad for training and checks, thereby expending huge foreign exchange in the process, we not only domesticate such activities but also earn foreign exchange from it when other countries send their machines here for checks and their manpower for trainings in Nigeria.

“Nigeria lost about $2.5bn in MRO investment in foreign countries in 2021. Having such investment here would have improved the sector tremendously.”

According to Isaac Balami, a former Aero Contractors’ Maintenance Engineer, airframe maintenance alone costs Nigeria $1 billion per year, or $1 million per aircraft.

“Airlines expend about $1 million on the maintenance of airframe alone and not to talk about the maintenance of landing gear and engine, which have different maintenance programme. These amounts are spent by Nigerian airlines, the Nigerian Navy, the Nigeria Air Force, the Nigeria Police, the Presidential Fleet and others that operate fixed wing aircraft. Maintenance cost is in terms of hardware and software.”

Balami further noted that it was carefully and thoughtfully chosen to provide solutions to major industry challenges as well as chart the course for a National Air Transport Industry that is effective, efficient, and profitable, as well as a major catalyst for national economic growth and development.

The Federal Government has been working to develop an MRO facility in Nigeria as part of its aviation plan. The Federal Ministry of Aviation has acquired 12,000 hectares of land in Abuja for the facility’s development and other aviation projects.

Continue Reading


Emirates Airlines to Suspend Operations in Nigeria from September

Emirates Airlines has announced the suspension of flight operations in Nigeria, starting from September 1, 2022.



Emirates Airline

Following its inability to repatriate funds from Nigeria due to persistent foreign exchange scarcity, Emirates Airlines has announced the suspension of flight operations in Nigeria, starting from September 1, 2022.

According to the airline, the suspension became necessary after all efforts to repatriate realised revenue from Nigeria failed despite a series of complaints.

It said this concern has been raised on many occasions with officials of the Federal Ministry of Aviation, as well as those at the finance ministry.

International airlines operating in Nigeria have struggled to repatriate revenue due to CBN’s failure to make dollars available for airlines looking to repatriate revenue to their home country.  Presently, foreign airlines are looking to repatriate about $600 million in blocked funds.

“We sincerely regret the inconvenience caused to our customers, however, the circumstances are beyond our control at this stage. We will be working to help impacted customers make alternative travel arrangements wherever possible.”

It, however, noted that should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, the airline would, of course, re-evaluate its decision.

“We remain keen to serve Nigeria, and our operations provide much-needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai, and to our broader network of over 130 destinations,” the global carrier stated.

Continue Reading


FG Reveals When Abuja-Kaduna Train Route Will Commence Operations



rail project- Investorsking

The Federal Government revealed that the Abuja-Kaduna train route will fully commence operations when it has launched the relevant surveillance technology for the trains.

This was disclosed by the Minister of Transport, Mu’azu Sambo during a visit to the Idu and Kubwa train stations on Tuesday in Abuja, according to NAN.

The Nigerian Government had earlier revealed its agenda to execute surveillance technology on the trains to avoid further attacks, since the March 28 terrorist attack on the route.

The Minister expressed optimism that the abducted train passengers would be reunited with their families soon, citing that important steps are expected to be carried out to ensure the safety of the passengers.

He said, ”First and foremost, it is very essential to get those Nigerians that were abducted reunited with their families, otherwise it will be perceived as if government is not sensitive.

”Whereas government is not only sensitive, but the government is doing all it can to make sure that those affected by this tragic incident are reunited with their families.

”Secondly, adequate security and infrastructure must be put in place to safeguard and avoid all forms of threats that are possible and leave what you cannot do to God.”

He affirmed that the FG is trying to deploy the best technology available anywhere in the world which has performed very well in other jurisdictions. He added that the FG was processing to obtain explosion detectors that would detect and terminate threats on the track.

The following Should be Brought to Notice:

  • The Nigerian Railway Corporation (NRC) suspended train operations on Abuja-Kaduna route after the terror attack on March 28.
  • In March, the FG announced plans to toughen security in its railway infrastructure, disclosing that it will enforce an integrated surveillance system in the Abuja-Kaduna, Lagos-Ibadan and Warri-Itakpe railway systems.
  • Investors King reported on the 19 May, 2022 that, “The government wishes to assure the relatives of the abducted citizens still in captivity that the safe rescue of these passengers is a top priority and not to misconstrue the resumption of train services, like abandonment or nonchalant attitude of the government towards their plight over 60 people remain kidnapped.“

Continue Reading


South Africa Visa Application Centres Resume Services in Two Cities for the Convenience of Nigerian Nationals  

Effective 13 July 2022, our South Africa Visa Application Centres in Lagos and Port Harcourt have resumed operations for the convenience of Nigerian nationals residing in these locations.



South African Airways - Investors King

Effective 13 July 2022, our South Africa Visa Application Centres in Lagos and Port Harcourt have resumed operations for the convenience of Nigerian nationals residing in these locations. Applicants can now visit our South Africa Visa Application Centres in Abuja, Lagos and Port Harcourt for all visa categories at the following operational timings (except all public holidays):

Monday to Friday from 8 AM to 3 PM.

South Africa is a key destination for Nigerian nationals for business, holidays, visiting friends and relatives, education and medical care. To book their appointments based on their purpose of visit to South Africa at a Centre closer to their location, applicants can visit our website (, call our helpdesk at 08150188800 or email us at for any assistance.

Mr. Hariprasad Viswanathan, Head- Sub-Saharan Africa for VFS Global, noted, “Our South Africa Visa Application Centres in Lagos and Port Harcourt are now fully operational effective 13 July 2022 for all Nigerian nationals seeking a visa to South Africa. Please adhere to the precautionary measures established at our Centres for their safety and that our of employees. Applicants who wish to avoid visiting public places can also use optional services, such as courier service for passport pass-back, so they do not have to visit the Visa Application Centre twice.”

Some key features (optional for greater convenience) at the centres for added comfort and convenience to enhance the overall experience of applicants include:

  • Premium Lounge facility for more personalised service at the Visa Application Centre
  • 24/7 Customer support through our call centre, email communication
  • Courier service facility for delivery of passport to your doorstep
  • Photocopy services for submitting high-quality copies of your key documents
  • SMS service facility to track your application

VFS Global has a long-standing relationship with the Republic of South Africa since 2010. Currently, we service the Department of Home Affairs through a network of 45 Visa Application Centres in 18 countries.

South Africa Visa Application Centre                              Address in Abuja:  Sterling Bank Plaza, 3rd Floor, Plot 1083 Mohammadu Buhari Way, Central Business District, Abuja, Nigeria                                                                                                      Address in Lagos:  Plot 110, Admiral Ayinla Way, Opposite Treasure Garden Estate, Third Roundabout, Lekki Phase I, Lagos, Nigeria                                                                                     Address in Port Harcourt:  Vineyard Shopping Centre, 88 Woji Road, GRA, Port Harcourt, Nigeria
Helpline: 08150188800                                              | Email id:                                      Website:                                                                                   Business hours:  0800 hrs to 1500 hrs (Monday to Friday, except scheduled holidays)
*VFS Global will be responsible only for accepting applications for client missions. All applications submitted will continue to be assessed and processed by the respective client missions. Timelines for turnaround are as per the discretion of the authorities


Continue Reading