The Nigerian government has announced plans to insure all locally operated aircraft across the country.
Making the disclosure, the Minister of Aviation and Aerospace Development, Festus Keyamo said that the move is in line with FG’s plan to meet global aviation standards and attract foreign investors in the industry.
Speaking during a meeting with industry stakeholders, Keyamo said the vice president has already directed the aviation ministry to begin the process.
According to him, the vice president said it is important that all Nigerian airlines are insured.
He also stated that insuring the local airlines will create the environment needed for ease of doing business in the industry.
His words, “We had a very robust discussion and I am very grateful to the leadership of the National Assembly on insurance. They were here, and they provided useful support and guidance to all of us regarding how they were also thinking.
“The Airline Operators of Nigeria (AON) and the National Insurance Commission (NAICOM) spoke their minds, and I think we are beginning to understand ourselves,” the minister said.