The Minister of Transportation, Rotimi Amaechi, has announced on Thursday that the Federal Executive Council is divided on the modality for the establishment of the proposed national carrier called Nigeria Air.
Amaechi, who disclosed this during his valedictory press briefing in Abuja, also revealed that China had insisted that Nigeria opens a sinking fund and an escrow account in order to be able to seamlessly repay the loans which Nigeria borrowed from the Asian country for the construction of rail projects, particularly the Abuja-Kaduna rail.
The minister stated that members of the federal cabinet had different beliefs and positions as regards the establishment of a national carrier for Nigeria, but was quick to state that the project had not been abandoned.
He said, “On national carrier, the cabinet is divided on the issue of modality. There are those who believe that the Federal Government should invest and then we can sell the equity later.
In September 2018, the Federal Government announced the
suspension of the planned commencement of operations of Nigeria Air .