Federal Government of Nigeria

2023 - 1 - 10

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Image courtesy of "The Punch"

Ethiopian Airlines admits 15-year tax moratorium demand (The Punch)

Ethiopian Airlines has disclosed that it negotiated for a 15-year tax moratorium and other incentives from the Federal Government during the botched ...

“Ethiopian Airline’s position: The company also disagreed with the AON that its involvement in the national carrier project would take away jobs for qualified Nigerians. “In any case, those requests were proposals and proposed during negotiations with the government and which the Federal Government was at liberty to accept or refuse. The 2nd defendant did request tax incentives/concessions for the proposed fledging Nigerian airline, amongst other incentives, which is a normal international practice in international investment negotiations, and not against the law.

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Image courtesy of "THISDAY Newspapers"

Nigeria Air was Meant to Kill Nigerian Airlines, AON Alleges (THISDAY Newspapers)

The federal government through the Ministry of Aviation planned to kill Nigerian airlines with the proposed establishment of the Nigeria Air, the Airline ...

“The federal government of Nigeria agreed to sell 95 per cent of its shares in the 1st Defendant (Nigeria Air), retain five per cent, invite 46 per cent of Nigerian investors, and 49 per cent to an international airline. So the Nigerian airlines also sought the order of a declaration “that the action, conduct and or decisions in the sale of the shares and operations of the 1st defendant (Nigeria Air) is in violation of the Companies and Allied Matters Act (CAMA) 2020, SEC Nigeria Consolidated Rules and Regulations (NIPC) Act, International Civil Aviation Organisation (ICAO) Convention, Civil Aviation Act, Public Procurement Act, Concession Regulatory Commission (Est.) Act, 2005, Federal Competition and Consumer Protection Act, Procurement Processes for Public Partnership in the Federal Government under the National Policy on Public Private Partnership (N4P) and Nigeria Civil Aviation Regulation, 2015 and other regulatory statutes on aviation, companies and investment laws in Nigeria.” The federal government through the Ministry of Aviation planned to kill Nigerian airlines with the proposed establishment of the Nigeria Air, the Airline Operators of Nigeria (AON) has alleged.

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Image courtesy of "Nairametrics"

FG's investment in Nigeria Air is $12.5 million – Transaction Adviser (Nairametrics)

The Federal Government's 5 per cent stake in the crisis-embroiled national carrier, Nigeria Air, is worth $12.5 million. Prof. Tilmann Gabriel, who served ...

As Michael Porter taught us many years ago, the five factors of competition are for all businesses to recognise, amongst them is that all competition creates new businesses for all, as the customer has added choices. Nigeria Air will be a new competitor in the Nigerian market, adding to the existing airlines. The booking engines on the airline website and App will be available shortly with loyalty credit cards and other innovative pay systems.

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Image courtesy of "Businessday.ng"

How Nigeria's export processing terminals will boost intra-African ... (Businessday.ng)

In November 2022, the Federal Government of Nigeria, through the Nigeria Port Authority (NPA), licensed five new...

According to the operational procedure of the EPTs, the Nigeria Customs Service will only attend to export cargo coming from the EPTs to reduce the pressure on the Apapa and Tin-Can Island port terminals in Lagos. An efficient port system will increase the confidence of both exporters, importers, and investors to continue to do business in/with Nigeria(n). Moreso, it will promote intra-African trade through export and help Nigeria optimise the benefits of the African Continental Free Trade Agreement (AfCFTA). Undoubtedly, many of the challenges facing export in Nigeria persist, mainly in terms of logistics, cargo clearance, and exorbitant demurrage fees. In the past, the Apapa and Tin-Can Island ports served double functions of processing centres and ports for export. The new EPTs will ensure value addition to export goods by processing raw exports into semi-finished products and sorting and certifying them to meet international standards. It is expected that the commencement of operations at the EPTs will further increase the volume of (agro) export, estimated at $250B in revenue yearly, thereby leading to an increase in foreign inflow. Exports declined by 19.8 per cent to 5.93 trillion in the third quarter of 2022 from N7.4 trillion in the second quarter. The EPTs, through their improved logistic operations, will lead to an increase in export activities. Despite the global economic recession, Nigeria’s non-oil export hit $2.6b in the first half of 2022 alone. Speaking at the inauguration of the DiamondStar terminal in Lagos, the managing director of NPA, Bello Koko, remarked that exports will now undergo sorting, processing, certification, and packaging at the EPTs. The African Free Trade Agreement (AfCFTA) seeks to create a $3.4 trillion economic bloc and end food insecurity in the continent.

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