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Heritage Bank, FG, UN Move to Reposition Tourism in Nigeria

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By Modupe Gbadeyanka

In a bid to transform Nigeria into a tourist sector destination in Africa and position it as lever of Nigeria’s economic growth and development, Heritage Bank Plc has partnered federal government and the United Nations World Tourism Organisation (UNWTO).

The bank partnered Nigerian government at the 61st meeting of the United Nations World Tourism Organization-Commission for Africa (UNWTO-CAF), in Abuja, attended by over 166 foreign delegates, 26 ministers and 332 Nigerian delegates, excluding local and foreign pressmen.

Speaking on the 61st Meeting with the theme ‘Tourism Statistics: A Catalyst for Development,’ President Muhammad Buhari stated that Nigeria was safe and secure for tourism, citing improved security and the country’s burgeoning economy as basis for his verdict.

He called on tourists and investors in the tourism sector to consider Nigeria as their second home saying government has provided attractive investment incentives for investors in the sector.

Whilst wooing the investors for developments, President Buhari assured of minimum tariff on investment on amusement park equipment, materials for hotel construction, furnishing, dedicated transportation for tour operators and equipment for restaurants not manufactured in Nigeria, minimum duty on casino equipment and work permit for foreign workers with specialised skills within the industry.

Speaking at the event, the MD/CEO of Heritage Bank, Mr Ifie Sekibo, said since the government deemed it right to partner with the bank in order to synergies together and move tourism potentials of Nigeria to the next level, the bank will continue to increase investment and support to the sector in year ahead.

“Over the years the bank has believed in tourism and we always keep trying as much as possible to support the tourism sector. Over the years we think it is something we have done with a quite a number of stakeholders and we have done that quite well.

“In the coming years, we should expect more of better handshake. We intend to do more; because looking at what they are trying to achieve here now, we have seen that they are trying to take in much into the other sectors. We think we would still be there for them.

“The sector is quite lucrative, but for us, what we are doing basically is like partnership. That is what we have done with them over the years. We have done quite a few investments in the sector,” Mr Sekibo hinted.

He further called for increased support from financial institutions and governments at all levels, especially in creating enabling environment for operators to thrive.

In his remarks the Secretary-General of United Nations World Tourism Organisation (UNWTO), Zurab Pololikashvili affirmed that Nigeria has the potential to be one of the world best tourists destinations.

He said it is imperative for the nation to have a proper statistics of tourism contributions to the growth of Gross Domestics Products (GDP).

Pololikashvili expressed satisfaction at the turnout of both local and foreign participants at the 61st UNWTO/ CAF meeting.

In his remarks, the Minister of Information and Culture, Mr Lai Mohammed, who thanked the UNWTO Secretary-General and his entire team, Heritage Bank and others for their support noted that tourism has become an important sector of the economy for many member states, especially as an important source of foreign exchange earnings, employment generation and income creation. Mohammed said in addition to encouraging infrastructural development and poverty reduction tourism is one of the sectors the federal government has identified as very key to its economic diversification agenda.

He said that the sustained growth of the tourism industry illustrates how this all-important sector, with its added advantages can assist member states’ economies to reap the benefits of globalisation.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Travel/Tourism

Airlines Face Fresh Turbulence Over Jet Fuel Scarcity

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Jet Fuel Scarcity

By Adedapo Adesanya

The National Association of Aircraft Pilots and Engineers (NAAPE) has revealed that Nigerian airlines are battling a severe jet fuel crisis, triggered by soaring jet fuel prices and supply shortages.

This is the latest blow to the aviation industry, which escaped an industrial action by airline operators over the price of jet fuel.

The latest development is increasing costs, disrupting flights and creating concerns about operational safety and sustainability.

According to Reuters, the persistent scarcity of jet fuel has triggered ⁠widespread operational challenges, including flight delays, route adjustments and extended crew duty periods, as airlines struggle to manage schedules amid rising costs.

According to the President of the association, Captain Bunmi Gindeh, the fuel shortages were pushing crews beyond planned limits, increasing fatigue and potentially eroding safety margins in an industry governed by strict rest regulations.

According to local carrier Rano Air, it revealed that jet fuel prices had more than quadrupled, as well as made some routes commercially unsustainable, forcing operational adjustments.

Other carriers have also begun rescheduling or cancelling flights and cutting unprofitable routes, industry ‌sources ⁠cited by Reuters said.

This comes at a difficult time for Nigeria’s aviation sector, already strained by foreign-exchange volatility, high aircraft maintenance costs, airport infrastructure strains and fuel price swings.

Airlines group, Airline Operators of Nigeria (AON), last month threatened to suspend operations over what they described as crippling and artificially inflated jet fuel prices.

Nigeria’s airline industry carries millions ⁠of passengers annually across an extensive domestic network and plays a critical role in connecting cities where road travel is often slow or insecure, making reliable air services economically and socially important.

The publication reported that the Nigerian Midstream ⁠and Downstream Petroleum Regulatory Authority (NMDPRA) has said fuel prices would not be capped, adding that any decisions on deregulated products would be formally communicated.

The crisis is worsening existing problems in Nigeria’s aviation sector, including forex instability, expensive aircraft maintenance and weak infrastructure.

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Travel/Tourism

FG Unveils Leasing Initiative to Cut Airlines’ Fleet Acquisition Costs

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aviation workers

By Adedapo Adesanya

The federal government has approved the establishment of a national aircraft leasing company aimed at easing access to modern fleets for domestic airlines and transforming aviation financing in Nigeria.

The minister of aviation and aerospace development, Mr Festus Keyamo, announced the decision after a meeting of the Federal Executive Council (FEC), describing the move as a significant shift in how Nigerian carriers will acquire and finance aircraft.

Mr Keyamo said the proposed company would operate as a private-sector-driven Special Purpose Vehicle (SPV) with government backing.

“This initiative is a game-changer for our aviation industry. It eliminates the long-standing challenges Nigerian airlines face in accessing aircraft on competitive terms and positions the country as a hub for aviation financing in Africa,” he said.

According to the minister, the new platform will allow airlines to source aircraft through a centralised system, replacing the current model where operators negotiate individually with international lessors, often at higher costs and stricter terms.

Mr Keyamo noted that the government’s role would be largely supportive, providing sovereign guarantees to boost investor confidence, while private sector players drive the project.

“Through the Ministry of Finance Incorporated, the government will hold equity and earn revenue without direct financial investment. Our primary obligation is to provide the confidence investors need, especially in ensuring asset security,” he added.

The initiative, he said, has already begun attracting interest from both local and international investors, signalling early confidence in its viability.

Beyond supporting Nigerian carriers, the leasing company is also expected to extend services across West Africa and the broader continent, positioning Nigeria as a regional hub for aircraft leasing.

Airlines in Nigeria have come into focus in recent weeks due to renewed concerns over the financial sustainability of operators, which almost forced them to suspend operations last month. However, the Bola Tinubu-led government approved a 30 per cent relief on debts owed by local ‌airlines to aviation agencies and ordered talks involving fuel marketers, airlines, and ​regulators to reach a ​fair jet fuel price.

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Travel/Tourism

Passengers to Enjoy Starlink Wi-Fi on Emirates’ Flagship A380

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Emirates A380 Starlink

By Aduragbemi Omiyale

Air travellers flying through Emirates will enjoy Starlink Wi-Fi onboard after the completion of the installation of the internet service on the company’s flagship A380.

The introduction of Starlink on the A380 builds on Emirates’ ongoing investment into redefining the customer journey, including one of the most ambitious retrofit programmes in aviation history.

The airline operator recently test-run this on a flight to Dubai, and it allowed passengers to enjoy seamless broadband while flying at 40,000 feet.

The Emirates A380 was one of the first commercial aircraft in the world to offer internet to its customers, with first-generation systems offering a total aircraft bandwidth of less than 1 Mbps. The installation and certification were accomplished in Newquay, UK.

With more A380s scheduled for accelerated installation throughout 2026, Emirates customers will soon enjoy a transformative leap in onboard connectivity with the ability to stream, game, browse, and work throughout their journey on personal devices.

The service will be complimentary for all customers, across all cabins, with easy sign-up and access. Future enhancements will include Live TV streaming over Starlink, initially on personal devices and later integrated into seatback screens.

So far, more than 650,000 Emirates customers have already flown on Starlink‑equipped flights, experiencing the benefits of next‑generation onboard connectivity firsthand.

As the world’s largest passenger aircraft, the A380 presents unique engineering challenges and opportunities. This industry-first Starlink configuration is designed to meet the demands of the A380’s ‘double-decker’ layout and high passenger capacity and is capable of delivering more than 2 Gbps of total aircraft bandwidth across the cabin.

Compared with the Emirates Boeing 777, the Emirates A380 features additional wireless access points and a third antenna to deliver an enhanced connectivity experience for its higher passenger capacity. Optimised inter‑deck integration supports a seamless Wi‑Fi experience, with customers able to enjoy high speeds depending on usage and device capability.

Starlink installations will soon begin at Emirates Engineering facilities in Dubai to accelerate deployment across the fleet.

Emirates is committed to bringing the best possible connectivity to its entire fleet at the earliest opportunity, with 25 Boeing 777-300ER aircraft already equipped with Starlink and the first A380 now joining service.

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