Minister of Aviation and Aerospace Development, Mr. Festus Keyamo on Tuesday reiterated the need to uphold financial discipline and integrity in all operations in the industry affirming that the synergy between aviation and financial discipline is key for sustainable growth of the industry.
Keyamo, who spoke at the inauguration ceremony of the Aviation Chapter of the Institute of Chartered Accountants of Nigeria (ICAN) and investiture of the Director of Finance and Accounts at the Federal Airports Authority of Nigeria (FAAN), Mr. Ayodele Olatiregun as the pioneer Chairman of the chapter in Lagos, expressed optimism that the new chapter will serve as a catalyst for improved financial discipline and sustainable growth across the entire aviation value chain.
Represented by the Director of Special Duties, Mr. Henry Agbebire, the minister welcomed the noble initiative, which he explained aligns with the federal government’s reform agenda in the sector, adding that it will foster professional excellence, encourage strategic collaboration, and champion ethical standards.
He said, “The synergy between aviation and finance cannot be overstated. From infrastructure development to operational sustainability, sound financial management is the engine that powers progress.
“I am confident that the programs, advocacy, and thought leadership to be rolled out by this chapter will further bridge the gap between technical operations and financial stewardship,” Keyamo said.
He commended Mr. Olatiregun and his executive team, and assured them of the ministry’s support in the collective work towards a stronger, more accountable aviation sector in Nigeria.
Speaking, the Pioneer Chairman, Olatiregun disclosed that he would ensure the chapter is run on the pillars of professional excellence; strategic collaboration and sustainable systems.
He affirmed that without strategic clarity, no organisation could truly soar hence, the airport and aviation space must align financial strategies with operational goals, infrastructure, development, safety sustainability among others.
According to him, our vision is clear, to become the go-to-body for financial insight and integrity in aviation in Nigeria, Africa and globally.
“The aviation industry is a critical engine of economic growth and connectivity, as accountants, we play a vital role in ensuring its financial health and stability.”