The Federal Airports Authority of Nigeria (FAAN) has announced that the aviation sector now contributes approximately $1.7 billion to the nation’s Gross Domestic Product (GDP).
According to The Guardian, this was revealed by the Managing Director of FAAN, Mrs. Olubunmi Kuku, during a book launch event in Lagos for “100 Years of Civil Aviation in Nigeria,” authored by Mr. Wole Shadare.
Mrs. Kuku attributed this economic milestone to the increasing role of private sector involvement in the country’s aviation industry. She recalled the early post-independence era, saying, “Upon Nigeria’s attainment of independence in 1960, we were faced with a pivotal question: How could we convert colonial-era infrastructure into a sovereign aviation powerhouse?”
She explained that the national carrier, Nigeria Airways, initially responded to that need but later struggled with mismanagement and inefficiencies. “By the early 2000s, we found ourselves at a crossroads – adapt or risk obsolescence. This juncture precipitated a remarkable transformation. The private sector took the initiative, introducing fresh capital, contemporary management practices, and a competitive spirit.”
Mrs. Kuku highlighted the impact of private airlines such as Air Peace and Arik Air, stating that these companies not only filled the gap left by Nigeria Airways but also revolutionised the aviation landscape. She provided current figures to illustrate the sector’s growth: “There are now 39 certified airline operators, 31 airports nationwide, over 2,100 licensed pilots, and a workforce comprising thousands, ranging from engineers to air traffic controllers.” She noted that Nigeria’s aviation sector has become a “testament to the efficacy of market-driven solutions” with private airlines enhancing connectivity between cities and attracting increased attention from international carriers.
Mrs. Kuku also shared passenger statistics, saying that over 16 million passengers used domestic terminals while international passengers exceeded 3.5 million. Despite these figures, she acknowledged that challenges remain in the sector, including infrastructure gaps, regulatory frameworks, and financing needs. “These challenges should be perceived not as obstacles, but rather as opportunities,” she said. “Each challenge facing our aviation sector represents a potential investment awaiting realisation. The forthcoming chapter of Nigerian aviation will be authored by those who recognise that our skies are not merely thoroughfares for aircraft, they are highways to prosperity.”
She urged stakeholders to consider how to engage with the industry’s transformation, rather than questioning whether to invest in it. On the book itself, Mrs. Kuku praised the author’s insights, describing it as a resource that “provides a perspective to comprehend how far the sector had advanced, as well as an examination of the flight path ahead.” She acknowledged Mr. Shadare’s dedication to the industry, which she said is evident throughout the book.
