November 24, (THEWILL) – The Federal Executive Council (FEC) has approved April 2022 as the take-off date of Air Nigeria, the proposed new national carrier.
Minister of Aviation, Hadi Sirika, disclosed this to State House correspondents on Wednesday after the weekly Federal Executive Council (FEC) meeting, presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja.
He recalled that it was the sixth time the matter was brought before the cabinet for consideration.
According to Sirika, the national carrier will be run by a company in which the Nigerian government will hold a 5% stake, Nigerian entrepreneurs holding 46%, while the remaining 49% will be reserved for yet-to-be assigned strategic equity partners, including foreign investors.
The minister also said the national carrier, when operational, will create about 70,000 jobs for Nigerians.