Federal Government has concluded plans with the Nigerian Insurance Association , Airline Operators on Aircraft insurance and others to engage with International lessors of Aircrafts and financiers to understand their position and the capacity they have to lease Aircrafts to the country.
The Minister of Aviation and Aerospace Development, Festus Keyamo said the aim of this is part of the rebranding of the Nigerian image to the world.
The minister noted this at the stakeholder engagement meeting on insurance with theme : Creating new partnership between Nigerian Issuarance Association and Airline Operators of Nigeria in Abuja on Wednesday.
The minister said every sector in Nigeria has a duty to rebrand and let the world understand what Nigeria is capable of.
He said major stakeholders in the Aviation sector will be traveling with them to Dublin to meet International financiers in January, 2025 .
He said this is a challenge for all of us in all sectors to rebrand which is part of the agenda of President Bola Ahmed Tinubu administration.
In his words “This meeting has been convened at the instance of the Vice President of Nigeria who asked us to go and speak with all the stakeholders regarding the issue of aircraft insurance and demands of international lessors, financiers and how to balance that with our local contents requirements in Nigeria.
“The leadership of the National Assembly on insurance are here and they provided useful support and guidance to all of us regarding how they are thinking .
“The airline operators of Nigeria spoke their minds , the insurance association spoke their minds and we are beginning to understand ourselves .
” We reached a resolution that there is need for further engagements on these issues.
“The world is taking Nigeria very seriously and we need to have a Nigerian position on issuarance to ensure that we meet the demands of International lessors and financiers,” he said.
Stakeholders present at the meeting were : the National Assembly, Airline Operators on Aircraft insurance , National Insurance Commission (NAICOM), Presidential Enabling Business Environment Council ( PEBEC) , Nigerian Council of Registered Insurance Brokers, Nigerian Council Aviation Authority (NCAA) and others .
