Connect with us

Travel/Tourism

Tourism Is New Oil In Nigeria—Minister

Published

on

tourism-day-nigeria

By Ebitonye Akpodigha

Minister of Information and Culture, Mr Lai Mohammed, has disclosed that the tourism industry has the potential of being the country’s main foreign exchange earner.

Mr Mohammed made this known on Tuesday in Lagos at an event to mark the 2016 World Tourism Day in Eko Atlantic, the city that is being built on reclaimed land on the Bar Beach.

The 2016 World Tourism Day was themed ‘Tourism For All: Promoting Universal Accessibility.’

The Minister remarked that, “It takes an investor to have a great confidence in any economy before putting hundreds of millions of dollars into a city like this. Those who can see the bright stars in our horizon, beyond this temporary cloud of difficulties, are investing in the country even as we speak.”

He said as the Federal Government works day and night to pull Nigeria out of recession and put the country’s economy on the path of sustainable growth, “it is becoming increasingly clear, like President Muhammadu Buhari has admonished, that we must think out of the box.

”We must find other sustainable means of earning foreign exchange outside of oil, to grow our country’s GDP and create jobs for our people. Agriculture and mining are viable options, but tourism is the low hanging fruit in this regard, and we must not hesitate to pluck it,” he said.

Mr Mohammed explained that the choice of Eko Atlantic City as the venue of the 2016 World Tourism Day celebration was significant, adding that, “While I will like to reiterate Nigeria’s readiness to explore and exploit tourism for the benefit of its economy, I can confidently add that Eko Atlantic City has what it takes to drive tourism in Nigeria. And this is just as well, because while the role of the government will be to provide the enabling environment, the private sector will drive the growth of tourism.”

He described Eko Atlantic City as “a tourist haven” which has what it takes to drive tourism in Nigeria

“The city will boast of 450,000 residents and 300,000 commuters (daily), which is a boon for the myriad of businesses to be located in the city.

“In addition, it will have a registered Free Economic Zone to encourage economic activities. As you are also aware, shopping malls attract tourists the way bees are attracted to honey. The shopping mall here in Eko Atlantic will be the largest of its kind in Sub-Saharan Africa.

“The 10 million square metres of space in the city will also boast of an impressive retail layout for shopping, vast amenities for entertainment, such as food courts, cinemas and playgrounds, an ample parking space and a canal that can be used for water transportation and water sports.

“Nigerians who are looking for relaxation spots and exquisite shopping malls will no longer need to jet to Dubai and similar destinations, because Eko Atlantic City will be a better destination than Dubai. This is not a joke! Whereas you can only comfortably soak in the sights and sounds of Dubai for a maximum of four months every year due to the prevailing inclement weather there, Eko Atlantic City offers – in addition to the massive shopping mall – 365 days of sunshine and clement weather. This is an added incentive for foreign tourists. In short, the city will have everything you need for tourism to thrive: security, modern infrastructure, good weather, uninterrupted power supply, potable water supply, etc,” he said.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Travel/Tourism

Airlines Face Fresh Turbulence Over Jet Fuel Scarcity

Published

on

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.

Continue Reading

Travel/Tourism

FG Unveils Leasing Initiative to Cut Airlines’ Fleet Acquisition Costs

Published

on

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.

Continue Reading

Travel/Tourism

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

Published

on

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.

Continue Reading

Trending