Private Capital Essential For Aviation Infrastructure In Africa - President Buhari


President of the Federal Republic of Nigeria, His Excellency Muhammadu Buhari, says local and international private capital is the surest way to fund aviation infrastructure, as Africa searches for sustainable funding for aviation infrastructure.


President Buhari, who spoke through the Prof. Yemi Osinbajo, Vice President of Nigeria, at the Third ICAO World Aviation Forum in Abuja, also underlines the importance of removing the risks for private sector investments in infrastructure, while also reducing the cost of funds for aviation infrastructure.

He wants stakeholders to ensure that the phenomenal growth trajectory of the aviation industry is managed and regulated for safety and efficiency, taking into account sustainable environment, friendly policies and regulations.

He aligns with ICAO's vision of "No Country Left Behind", expressing the importance of continuous stakeholder interaction to address industry challenges especially in developing economies.


He states that collaboration is key to achieving Africa's aviation infrastructure objectives. According to him, "the African Development bank is in discussions with us on financing Nigeria's Integrated Aviation master plan, which involves amongst other components the building of a Maintenance, Repair and Overhaul (MRO) centre and the financing of a private sector-led national carrier."

He notes also that "ICAO has also committed to the establishment of an aerospace university in Nigeria, and we've begun the processes of concession in some of our airports." According to him, the ultimate objective is to bring in the best-in-class investors and operators to manage and run aviation facilities to be set up in Nigeria.


ICAO Council President Dr. Olumuyiwa Benard Aliu held high-level bilateral meetings with President Buhari and Nigeria's Minister of State, Aviation, the Honourable Hadi Sirika, with discussions focusing on the importance of investment in modernized aviation infrastructure to safely accommodate forecast traffic growth, and related capacity building efforts including the need to establish new educational and training capacities.

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