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FG budgets N1 billion for inoperative Nigeria Air

FG Approves N47 Billion for Nigeria Air Project | BizWatchNigeria.Ng

The federal government has allotted another tranche of budgetary allocation to the failed national carrier, Nigeria Air.

Details of the aviation ministry’s 2021 fiscal plan show budgetary provision of N1 billion under the line item: “Working capital for establishment of national carrier.”, Peoples Gazette reports.

The national carrier recommissioning which flopped less than 3 months after its unveiling in July 2018, was reportedly apportioned N8.5 billion in the 2019 Appropriation Bill.

 

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Meanwhile, the Muhammadu Buhari-led administration had in 2020, proposed N4.6bn as “working capital” for Nigeria Air in the 2020 budget estimates, although it was unclear how much of it was released.

If approved by the National Assembly, the latest allocation — listed under “ongoing projects” of the aviation ministry — will take the total budget allotments for the suspended airline to N14.1 billion.

At the unveiling in 2018, government said Nigeria Airways could operate long-haul flights to at least 81 potential destinations if revamped, but has yet to provide a clear roadmap to achieve its return to the air transport operations.

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