Despite challenges in the industry, air transport’s contribution to the country’s Gross Domestic Product marginally increased from 0.12 per cent to 0.14 per cent between 2018 and 2019, MAUREEN IHUA-MAD UENYI writesThe industry contributed N149.35bn to the GDP in 2018 but this rose by 32.9 per cent to the current figure of N198.62bn recorded as of the end of 2019.
Sirika said the Federal Government planned to increase the industry’s contribution to the GDP in 2020 through its transformational plan. “The other thing that drove that growth was secondary airport traffic in Benin, Asaba, Owerri, Akure and Kaduna airports, among others. They are traffic that are not driven by government patronage but by business and family visits.”
“Passengers are now more confident in our domestic carriers which are also consolidating their presence on international and regional routes, especially the West Coast. We should see more growth in the coming years,” he said. Ukpong said renewal projects across the industry, whether partly funded by the Chinese or not, had been part of the growth plan.
“Ultimately, it is a big boost to smooth facilitation and passenger comfort. Lagos and Kano airports are waiting in the wings for inauguration. Expect the same positive effects on the industry.”
That's truly the percentage of the rich in Nigeria. The middle class have been wiped out completely, it's either you belong to that percentage of 0.14% or you're a poor man. Buhari has succeeded in making Nigerians wretched. Since the middle class is wiped out the poor is dead!!
Everything Is Oil in Nigeria.