Nigeria Air: FEC Divided Over Establishment Of Proposed National Carrier – Amaechi - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
May 23, 2019
The Minister of Transportation, Rotimi Amaechi, has announcedon Thursday that the Federal Executive Council is divided on the modality forthe establishment of the proposed national carrier called Nigeria Air.
Amaechi, who disclosed this during his valedictorypress briefing in Abuja, also revealed that China had insisted that Nigeriaopens a sinking fund and an escrow account in order to be able to seamlesslyrepay the loans which Nigeria borrowed from the Asian country for theconstruction of rail projects, particularly the Abuja-Kaduna rail.
The minister stated that members of the federalcabinet had different beliefs and positions as regards the establishment of anational carrier for Nigeria, but was quick to state that the project had notbeen abandoned.
He said, “On national carrier, the cabinet isdivided on the issue of modality. There are those who believe that the FederalGovernment should invest and then we can sell the equity later.
In September 2018, the Federal Government announced thesuspension of the planned commencement of operations of Nigeria Air .