Nigeria to Establish Aircraft Manufacturing Company: FG
The Federal Government of Nigeria has announced plans to establish an aircraft manufacturing company within the country.
Aviation and Aerospace Development Minister, Festus Keyamo, made this announcement during the inauguration of XeJet’s Maintenance, Repair, and Overhaul (MRO) facility and flight support center in Abuja.
Keyamo emphasized that this initiative aligns with the government’s goal of supporting local operators and bolstering the nation’s aviation sector.
This MRO facility, a collaborative venture between XeJet and local banks, aims to position Nigeria as a regional hub for aviation services.
“We’ve been actively pursuing the establishment of MRO facilities in Nigeria, mirroring the successful models seen globally,” stated Minister Keyamo. “While we explored international investment options, we’ve realized that the solution lies within our own borders. This partnership exemplifies the potential of collaboration between indigenous operators and domestic financial institutions.”
The Minister underscored the significance of the project, highlighting the inclusion of a training center as a major achievement.
“This development will not only benefit Nigeria but will also attract clients from across the West African sub-region,” Keyamo added. “Our aspiration is to transform this facility into a regional center of excellence.”
Emmanuel Iza, CEO of XeJet, echoed the Minister’s vision, outlining plans to establish Nigeria as a global leader in aircraft manufacturing, repair, and operations.
“Our ambition is to contribute to aircraft manufacturing, even if it’s initially limited to components like wings, landing gear, or tires,” Iza stated. “Nigeria possesses the necessary talent and capabilities; we require a conducive environment and the necessary infrastructure to realize this vision.”
Iza emphasized the employment opportunities this multi-million-dollar project will create for Nigerians. XeJet currently employs approximately 300 individuals, a figure expected to quadruple with the establishment of this new facility.
The initial phase of the project, estimated to cost $5 million, will focus on site preparation, including land grading and the construction of a taxiway to connect the runway with the facility. The construction of the facility itself will require a similar level of investment.
Summary:
The Nigerian government has announced plans to establish an aircraft manufacturing company within the country. This announcement was made during the inauguration of XeJet’s new MRO facility in Abuja. The government aims to support local operators and enhance the aviation sector through this initiative. The MRO facility, a collaboration between XeJet and local banks, is expected to attract regional clients and create numerous employment opportunities for Nigerians. The project will involve significant investment in infrastructure development.