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NCAA Advocates PPP for Aviation Infrastructure Growth

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This Day
NCAA Advocates PPP for Aviation Infrastructure Growth

The Nigerian Civil Aviation Authority (NCAA), represented by Director General Captain Chri Najomo, has called for the adoption of public-private partnerships (PPP) to bridge significant infrastructural gaps in the aviation sector. Speaking at the maiden Nigeria Aircraft Acquisition and Investment Summit in Lagos, Najomo stressed that the aviation industry requires substantial private sector investment to meet its development targets, as Nigeria currently ranks low in terms of infrastructure development.

He noted that Nigeria's infrastructure stock is around 30% of GDP, significantly below the global benchmark of approximately 70%. Najomo emphasized that PPPs are not merely financial tools but engines for efficiency and innovation, enabling modern airport infrastructure and enhancing passenger experiences.

He pointed out the necessity for a clear legal framework governing PPPs, ensuring transparency and consistency in regulatory processes to build investor confidence. The need for long-term strategies aligned with national economic goals was also highlighted, particularly in light of the current government's commitment to aviation development.

Plus234Feed summary based on reporting from This Day. Read the original report below.

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