Nigeria’s compliance with international aviation regulations has received a significant boost following the country’s recent alignment with the Cape Town Convention (CTC) on dry-leasing of aircraft.
According to a press release signed by the Special Assistant, Media and Communications to the Honourable Minister of Aviation and Aerospace Development, Tunde Moshood, the Aviation Working Group, co-chaired by industry giants Boeing and Airbus, raised Nigeria’s global compliance score from 49 to 70.5 – the highest rating Nigeria has achieved so far.
This improvement is seen as a major step in reassuring financiers and aircraft lessors globally of Nigeria’s commitment to international aviation standards.
The score increase comes after the Nigerian government, through the Ministry of Aviation and Aerospace Development, prepared and signed a new Practice Direction aimed at enhancing the country’s adherence to the Cape Town Convention.
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The convention, which governs international rules on leasing aircraft, is crucial for boosting confidence among financiers and lessors, facilitating smoother aircraft transactions and leasing agreements.
In response, the Aviation Working Group praised Nigeria’s Aviation Minister and his team for their dedication.
In an email sent to the ministry, the group acknowledged the “time, effort, and skill” employed to meet this milestone. The group also hinted at the potential for a further score increase in the coming weeks, pending adjustments to Nigeria’s administrative rules, known as IDERA (International Registry of Mobile Assets), by the Nigerian Civil Aviation Authority (NCAA). Once courts in Nigeria start applying the new Practice Direction, the score could rise even further.
This achievement signals a stronger foundation for Nigeria’s aviation sector, positioning the country as a more attractive destination for aviation investment and growth.
