John Nwosu, Executive Director, International Aviation Management and Security (IAMS) has declared that the potential in the country’s aviation sector was yet to be harnessed, saying Nigeria controlled the largest aviation market in Central and West African region.
He revealed that Nigeria will be hosting its first-ever international aerospace show, Airport Expo, aimed at attracting $50 billion investment into the country’s aviation industry in Lagos and Abuja in October.
Speaking to aviation correspondents, in Abuja, Nwosu said the event would bring together participants from all over the world, as it was intended to attract $50 billion worth of investment into Nigeria’s aviation industry through its international business forum.
“The benefit of this programme for Nigeria is that it will attract investment into this country. For example, the Airport Expo that was held in Dubai in 2013 generated over $20 billion investment, while this one will be done in five phases and we are expecting $50 billion investment,” Nwosu said.
“The programme will enable participants to collaborate and establish clear legislative frameworks, policy priorities, transparent governance systems and effective funding strategies for regional aviation growth.
“The event will bring together aviation professionals and stakeholders who will network, source their products requirements and create over $50 billion’ worth of business possibilities.
“It also targets to chart a sustainable path and, brainstorm on preventive strategy for the aviation sector.
“The programme is also aimed at solving the numerous problems confronting the aviation industry, not only in Nigeria but also Africa and the globe as a whole.”