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The Federal Government has released a request for proposal (RFP) to prospective private investors for the projected Nigeria Air national career.
The Federal Government said the decision is part of efforts to diversify the economy and encourage economic growth in a statement posted on the official Twitter account of the Aviation Ministry on Monday.
The private sector partners are expected to include – Nigerian Financial and Institutional Investors (min. 46 percent shares) so that the total Nigerien shareholding will hold a minimum of 51 percent of the shares of ‘Nigeria Air’ (including the 5% non-interactive FGN share), as required by international laws for a National Carrier, according to the statement.
This comes less than a week after Hadi Sirika, the Minister of Aviation, said that the Federal Government would release RFPs for the formation of Nigeria Air.
Sirika stated at the time of the announcement that because the government intended to own only 5% of the airline shares, the AOC (Air Operator Certificate) process has already begun.
He also stated that the federal government will give potential investors a few weeks to respond to the request before announcing the winning bidder.
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