Division in FEC over establishment of Nigeria Air

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Rotimi Amaechi

Division on the process for the establishment of the proposed national carrier called ‘Nigeria Air’, Rotimi Amaech, Minister of Transportation announced on Thursday during the Federal Executive Council (FEC) meeting on Thursday.

Amaechi revealed this during his Valedictory press briefing in Abuja, as he also disclosed that China had insisted that Nigeria opens a sinking fund and an escrow account in order to be able to seamlessly repay loans which Nigeria borrowed from the Asian countru for the construction of rail projects, particularly Abuja-Kaduna rail.

Amaechi in his statement, stated that members of the federal cabinet had different beliefs and positions as regards the establishment of a national carrier for Nigeria, but was quick to state the project had not been abandoned.

According to him, “On national carrier, (the) cabinet is divided on the issue of modality. There are those who believe that the Federal Government should invest and then we can sell the equity later.

“There are also those who believe that no, and from day one they say let us get investors in and give them the franchise of Nigeria Airways or Air Nigeria or whatever is called. That is where we are and that is what held it down. But as for whether it is still in our plan, it is and has not been abandoned.”