News
Nigerian airline spends N67.5m annually to maintain 4 pilots – NCAA boss
The Director-General, Nigerian Civil Aviation Authority (NCAA), Dr Harold Demuren, said on Tuesday in Lagos that an airline in Nigeria spent an average of N67.5 million annually to maintain four pilots. He spoke at a seminar entitled “Transformation Agenda: The Emerging Opportunities” organised by the Full Gospel Business Men’s Fellowship in the aviation sector.
“An airline with about four aircraft will spend an estimated 450,000 dollars (N67.5 million) on its pilots annually. We are losing so much money to foreign countries annually for routine maintenance carried out outside the country.
“This is due to the fact that we do not have any company where these checks can be done’’ Demuren said.
The NCAA chief noted that the lack of training facilities for pilots in Nigeria had compelled them to travel abroad for recertification. He said part of the whooping sum was usually used for the maintenance of hangars, establishment of ground handling companies and aviation training schools. Demuren urged Nigerian businessmen to take advantage of emerging opportunities in the sector by providing recertification and aircraft simulator training test for pilots operating in the country.
“It is a surprise that the level of growth being experienced by our airlines is not supported by corresponding infrastructure development,’’ he added. Dr Sam Ohuabunwa, the guest speaker and former chairman, Nigeria Economic Summit Group, urged Nigerians entrepreneurs to invest in public infrastructure and mechanised farming as a means of creating jobs. He lauded the transformation agenda of President Goodluck Jonathan for all sectors of the economy, including the aviation sector. The transformation agenda will achieve a progressive growth for the country,’’ Ohuabunwa said.
-
Economy2 days agoNigeria Sovereign Investment Authority announces winners of $275,000 prize for innovation
-
Finance2 days agoAirtel Money reports 25% growth in first-half revenue in maiden results
-
Economy2 days agoFG targets single-digit inflation by end-2027 to unlock cheaper borrowing— Oyedele
-
News2 days agoEFCC arrests 14 Chinese nationals in Nigeria for operating illegal lithium processing plants
-
Maritime2 days agoNIMASA, ITF signs MOU on Seafarer wellbeing, MoU First in Africa—ITF
-
Oil and Gas2 days agoHoneywell Technologies launches new AI platform at Dangote’s Nigeria refinery
-
Finance23 hours agoUBA seeks jail term for WEMPCO directors, intensifies N61bn loan recovery drive
-
Oil and Gas23 hours agoBayelsa suspends oil firm’s land acquisition over fatal community dispute
