The Minister of Aviation and Aerospace Development, Festus Keyamo, has paid a working visit to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, in a constructive and solution-driven discussions aimed at mitigating the burden of rising operational costs on domestic carriers and recent sharp rise in the cost of aviation fuel (Jet A1).
The meeting, held within the framework of the reform agenda of the administration of Bola Ahmed Tinubu, focused on addressing critical challenges confronting Nigeria’s aviation sector, Blueprint.ng reports.
The Special Adviser on Media and Communications to the Minister of Aviation, Tunde Moshood, in a press statement issued on Saturday, explained that both ministers acknowledged that the volatility in aviation fuel prices continues to exert significant pressure on airlines, with implications for connectivity, passenger traffic, and economic productivity.
He said in exploring pathways for reform, the ministers identified key areas of collaboration between their respective Ministries to unlock growth opportunities within the aviation ecosystem.
He said these include policy alignment, fiscal interventions, and innovative financing mechanisms designed to support operators, enhance efficiency, and attract investment into the sector.
He said the discussions also underscored the strategic importance of aviation as a catalyst for economic development, trade facilitation, tourism, and regional integration.
According to him, both parties reaffirmed their commitment to implementing measures that will foster a more resilient, sustainable, and globally competitive aviation industry in Nigeria.
He said the ministers agreed to sustain close collaboration and continuous engagement with relevant stakeholders to ensure that ongoing reforms translate into tangible benefits for operators, investors, and the flying public.
He noted that the working visit marks another step in the Federal Government’s coordinated efforts to stabilise the aviation sector and position it as a key driver of national economic growth.
