Over-Taxation Hinders Nigeria's Aviation Sector Growth

The Nigerian Aircraft Acquisition Investment Summit, held in Lagos, addressed the challenges faced by the aviation sector, particularly the burden of over-taxation. Dr.

Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, pointed out that high taxation stymies the growth of air transport in Africa, despite the continent's vast opportunities in the aviation industry. She urged the Nigerian government to support infrastructure investments and to review high taxes, including fuel and airport charges, which contribute to increased operational costs for airlines.

Okonjo-Iweala also called for public-private partnerships to modernize airport infrastructure and enhance operational efficiency. Captain Chris Najomo, Director-General of the Nigerian Civil Aviation Authority, echoed the need for private sector investment in aviation development, emphasizing that effective public-private partnerships can lead to improved passenger experiences and access to global best practices in technology.