The federal government on Monday issued the request for proposal to intending private investors on national carrier.
In a statement via its official Twitter handle, the aviation ministry said the move is part of efforts towards diversification of the economy and to promote economic growth.
According to the statement, the private sector partners are expected to comprise – Nigerian Financial and Institutional Investors (min. 46% shares) so that the total Nigerien shareholding will hold a minimum of 51% of the shares of ‘Nigeria Air ‘ (including the 5% non-interactive FGN share), as required by international laws for a national carrier.
The development comes less than one week after the minister of aviation, Hadi Sirika announced that the Federal Government will issue requests-for-proposal for the establishment of Nigeria Air.
Sirika while making the announcement said because the government intends to own only five percent of the airline shares, it is going to go ahead with the AOC (Air Operator Certificate), which has commenced since.
He further stated that the Federal government will give the prospective investors some weeks to respond to the request, then an announcement will be made concerning the winning bidder.
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