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Nigerian pilot, Ademilola Odujinrin, Makes History as First African to Fly the World Solo

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  • Nigerian pilot, Ademilola Odujinrin, Makes History as First African to Fly the World Solo

A Nigerian pilot who works for Air Djibouti has become the first African pilot in history to fly solo around the world.

Ademilola “Lola” Odujinrin completed the final leg of his historic journey Wednesday afternoon, landing safely at Washington Dulles International Airport.

The pilot has completed the entire circumnavigation in a Cirrus SR22, stopping in more than 15 countries on five continents, returning to Washington DC, where his journey began back in September.

The flight is part of Project Transcend, a foundation which aims to inspire young people to achieve their goals, regardless of their personal circumstances.

Ademilola says: “Ever since I was a child, I dreamed of one day flying around the world. We have a responsibility to lead by example and follow our dreams. I want African children to think: ‘I can do this too!’”

I would like to extend my sincere gratitude to Air Djibouti’s Chairman, Aboubaker Omar Hadi, and Cardiff Aviation’s Chairman, Bruce Dickinson, who have supported me throughout this journey. Without them, this would not have been possible.”

Both formed part of a high-level delegation to welcome the historic aviator on the tarmac at Dulles Airport, including: the Ambassador of Djibouti to the United States, His Excellency, Mr. Mohamed Siad Doualeh; Senior Director of Strategic Planning for Djibouti Ports & Free Zones Authority, Mr. Dawit Michael Gebre-ab; and Chief Operating Officer of Air Djibouti, Mr. Moussa Houssein.

Other distinguished guests included the CEO Africa World Press, which plans to publish a book on the journey.

Ademilola has logged over 4,000 hours as a commercial Boeing 737 pilot since earning his pilot licence six years ago.

The Chairman of Air Djibouti, Aboubaker Omar Hadi, says: “By supporting initiatives like Lola’s flight around the world, Air Djibouti hopes to inspire a new generation of pilots in Africa and help to pave the way for the aviation industry to thrive in the region.

“The benefits will be felt within the region, as this will encourage more intra-African trade and sustainable economic development.

“With the commencement of the Single African Air Transport Market set for June 2017, air travel in the continent is positioned to grow rapidly and become a key contributor to the region’s economic and social development.”

Globally, the aviation industry represents a massive opportunity for African economies to play a larger role.

It is estimated that 2017 alone will see approximately four billion airline passengers worldwide, as well as over 50 million tonnes of cargo being transported by air.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

Imo State Bans Traffic Agents, Task Forces Over Bribery

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Uzodinma Bans Traffic Agents, Task Forces Over Bribery

The Executive Governor of Imo State, Hope Uzodinma, has restricted all traffic agents and task forces from operating in the state over bribery and extortions.

Declan Emelumba, the state commissioner for Information and Strategy, disclosed this at the Government House in Owerri on Thursday.

Checks revealed that the task force team that operates from Heroes’ Square still demands as much as N27,000 fines from people arrested. A shocking situation that has plunged the limited resources of hardworking Imo people.

However, the information commissioner, who described the task force as “illegal”, said the state government has sanctioned its personnel.

Emelumba said, “The governor has since banned all traffic agents and task forces in line with the desire of the people.”

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Government

FG Puts Nine-year Presidential Jet Up For Sale

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The Federal Government has put up for sale a jet in the presidential fleet, Hawker 4000 aircraft with registration number, 5N-FGX/: RC 066.

The business-size jet which entered into service in December 2011, has capacity for nine passengers and three crew members.

Findings indicate that only 73 Hawker 4000 aircraft were manufactured by Hawker Beechcraft between 2001 and 2013 and they were sold for $22.91m each as of 2012.

The FG in a published advert on Wednesday disclosed that the aircraft with a range of 3,190-nautical mile had flown for 1,768 hours.

It said the aircraft could be inspected at the Presidential Air Fleet’s hangar located at the Nnamdi Azikiwe International Airport, Abuja.

Interested buyers were requested to submit their closed bid to the Chairman, Committee for Sale of Aircraft, Office of the National Security Adviser, care of Special Services Office, Office of the Secretary to the Government of the Federation.

In an advertisement published in some national dailies on Wednesday, prospective buyers were directed to submit a refundable bank draft for $50,000 to the committee with the bid.

It also said that all the bids should be quoted in dollars.

The notice read, “Please note that all bids must be submitted within one week of this publication.

“Background check is required as a pre-qualification for the bid. Prospective bidders who want to inspect the aircraft will be granted access within one week from this advertisement.”

The Presidency had similarly in 2016 put up for sale two presidential aircraft, a Falcon 7X executive jet and Hawker 4000, in line with the directive of the president, Major General Muhammadu Buhari (retd.), that aircraft in the Presidential Air Fleet should be reduced to cut down on waste.

The government also said some aircraft in the fleet would be handed over to the Nigeria Air Force for its operations. It could not be confirmed if this had been done.

According to the Presidency, the PAF has 10 aircraft and they include Boeing Business Jet (Boeing 737-800 or Air Force One), one Gulfstream 550, one Gulfstream V (Gulfstream 500), two Falcons 7X, one Hawker Sidley 4000, two AgustaWestland AW 139 helicopters and two AgustaWestland AW 101 helicopters.

Reports said each of the two Falcon 7X jets were purchased in 2010 for $51.1m, while the Gulfstream 550 costs $53.3m.

The Senior Special Assistant, (Media and Publicity) to the President, Garba Shehu, had yet to respond to inquiries on the number of presidential aircraft sold so far, as of the time of filing this report.

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Coronavirus – Angola: Confronting the COVID-19 Pandemic and the Oil Price Shock

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The COVID-19 pandemic and the shock from the falling price of oil have put severe pressure on Angola since the country’s second review under the Extended Fund Facility (EFF) in December 2019.

Only months after the conclusion of the second review in December 2019, the COVID-19 pandemic reached Angola, ushering in economic and health crises. The decline in oil prices further strained the economy, which is heavily reliant on oil exports. The economic downturn and social distancing to contain the spread of the virus have been damaging, especially given the large informal sector.

A swift response to the crisis

The Angolan authorities adopted timely measures to tackle the challenges arising from the COVID-19 shock. Measures to protect public health included quarantine, social distancing, closing of borders with limited exceptions, closures of schools, restaurants, and public events, and limited transportation. The government recently approved a prudent supplementary budget for 2020 using a conservative oil reference price. It has also introduced a comprehensive set of fiscal and monetary measures to support economic activities.

Fiscal measures

On relief to help vulnerable people:

• Tax exemptions of value-added tax (VAT) and customs duties on goods imported under humanitarian aid and donations.

• VAT tax credit for imported capital goods and raw materials for producing essential consumption goods.

• Interest-free, deferred payment option for social security contributions.

• Regulation of prices for a list of medical goods.

On government spending:

• Freeze of 30 percent of purchases on nonessential goods and services.

• Reduction in the number of ministries from 28 to 21.

• Suspension of selected, nonessential capital expenditures.

• Decrease in travel and real estate investments.

Monetary measures

• Additional liquidity support to banks and a liquidity line to buy government securities from nonfinancial corporations.

• A credit-stimulus program.

• Temporary suspension for debt service payments.

• Requirement for banks to provide credit to importers of essential goods.

A proactive external debt management

The government needs to safeguard its ability to continue to service its debt on schedule, even under the current trying circumstances. The government has therefore availed itself of the G20 Debt Service Suspension Initiative. They have also secured selected debt reprofiling operations with some of their large creditors.

Financial support from the IMF

On September 16, 2020, the IMF’s Executive Board approved the third review under the EFF and additional financial support to Angola to help mitigate the impact of the crises. Accordingly, the IMF has provided $1 billion to Angola, bringing its total expected financial support to about $4.5 billion under the three-year program. The authorities are strengthening their public financial management to improve accountability for the funds received from the IMF and debt relief from creditors.

The path to recovery

It is important for Angola to continue to stabilize the economy, control inflation, keep the reform momentum, and safeguard financial stability. It is also crucial to persevere with structural reforms, such as privatization, improvement in governance in state-owned enterprises, and strengthened legal frameworks. These reforms will help improve the business environment and pave the way for foreign direct investment and growth-enhancing economic diversification.

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