In a major move to attract institutional capital and reposition Nigeria’s aviation sector as a key economic driver, the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo SAN, on Wednesday hosted a high-powered delegation from the Ministry of Finance Incorporated (MOFI), led by its Managing Director, Dr. Armstrong Ume Takang.
The MOFI delegation, accompanied by representatives of Qatari investment group Power International Holdings, presented a raft of potential investment opportunities across critical segments of the aviation value chain.
The engagement is part of broader efforts to catalyse public-private partnerships and enhance infrastructure development in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration.
Dr. Takang commended the Minister’s recent adoption of the Cape Town Convention (CTC) and the Irrevocable Deregistration and Export Request Authorisation (IDERA) framework, describing it as a “masterstroke of reform-minded innovation” that is already helping to unlock investor confidence and capital inflow into the sector.
“These reforms are aligned with the President’s vision of building a trillion-dollar economy by leveraging strategic sectors like aviation,” Dr. Takang said.
The engagement was confirmed in a statement by the Special Adviser on Media and Communications to the Honourable Minister of Aviation and Aerospace Development, Mr. Tunde Moshood.
In his remarks, Minister Keyamo expressed optimism about the evolving partnership, highlighting MOFI’s role in connecting government policy with long-term private capital.
“Sound policy is the foundation of investment attraction. MOFI is indeed the missing link we have been seeking in our drive to reform and reposition the aviation sector. I welcome this opportunity for structured collaboration,” the Minister stated.
Both sides agreed to set up a joint working team to further develop areas of mutual interest, conduct feasibility studies, and propose concrete implementation strategies.
The meeting signals a significant step toward mobilising institutional investment for aviation infrastructure, underscoring the Federal Government’s commitment to driving economic transformation through strategic sectoral collaboration.
