Abuja, Nigeria (PANA) – In its bid to facilitate the establishment of a new national airline next year, the Federal Government of Nigeria said Wednesday it intends to appoint a transaction adviser and encouraged as many people as possible to compete for the job.
"We do not want to discourage anybody from participating. We want to make it broad-based,"
Nigeria’s Minister of State for Aviation, Mr Hadi Sirika told journalists in Abuja, indicating that a transaction adviser for the national carrier could be appointed by next Wednesday.
Sirika said that the government plans to kick-start the national carrier in the next 12 months.
He explained that unlike in the past when government wholly owned the national airlines, the new carrier would be run by the private sector but with government having a 5 percent stake in the business.
The government also announced that it has directed the Central Bank of Nigeria (CBN) to release a total of US$300 million out of the US$600 million earned by foreign airlines operating in Nigeria, which they could not repatriate to their country due to scarcity of foreign exchange.
-0- PANA MON/AR 2Nov2016