Nigeria’s Aviation Ministry, MOFI Set Up Joint Committee On Collaboration
The Ministry of Aviation and Aerospace Development and the Ministry of Finance Incorporated (MOFI) have “agreed to establish a joint working team that will fine-tune identified areas of cooperation, conduct feasibility assessments, and propose actionable steps toward implementation.”
Receiving in audience a high-level delegation from the MOFI, led by its Managing Director, Dr. Armstrong Ume Takang, the Minister of Aviation and Aerospace Development, Festus Keyamo (SAN) said “sound policy is the foundation of investment attraction. MOFI is indeed the missing link we have been seeking in our drive to reform and reposition the aviation sector. I welcome this opportunity for structured collaboration.”
The purpose of the visit was to present investment opportunities within the aviation sector as part of broader efforts to reposition the industry as a cornerstone of Nigeria’s economic transformation.
Accompanied by representatives of their Qatari strategic partner, Power International Holdings, the MOFI team highlighted several potential areas of collaboration across key segments of the aviation value chain. Dr. Takang praised the Minister’s recent introduction of the Cape Town Convention (CTC) and Irrevocable Deregistration and Export Request Authorization (IDERA) framework, describing it as a “masterstroke in reform-minded policy innovation critical to unlocking capital inflow and building a robust aviation sector.”
He further noted that these initiatives are aligned with President Bola Ahmed Tinubu’s vision for a trillion-dollar Nigerian economy driven by strategic sectors, including aviation.
In his response, the Minister expressed deep appreciation for the visit and acknowledged the critical role MOFI can play in bridging the gap between government policy and long-term private capital investment.
Tunde Moshood, Special Adviser on Media and Communications to the Honourable Minister of Aviation and Aerospace Development says the visit marks a significant step toward harnessing institutional capital for aviation infrastructure, a key component of the Renewed Hope Agenda under President Tinubu’s administration.
