Allen Onyema, the chairman of Air Peace, has praised President Bola Tinubu’s administration for implementing reforms meant to revitalise Nigeria’s aviation industry, according to an article published by Vanguard on Saturday, August 16, 2025. Onyema describes the president as a “businessman who understands the industry.”….CONTINUE FULL READING>>>>>
Speaking in Lagos at the annual conference of the League of Airport and Aviation Correspondents, Onyema praised the federal government for establishing a more stable foreign exchange policy, claiming that this has improved airline planning. Even forex is available for purchase right now. Before, that was not possible,” he noted. He gave special attention to the government’s proposal to set up a leasing business that would supply Nigerian airlines with aircraft at single-digit prices. He said that this would remove the heavy weight of high-interest financing, which currently costs local firms about 35 percent. Additionally, Onyema praised the granting of dry leases for Nigerian airlines, calling it a “game changer.”
According to him, the action will lower expenses, boost local airlines’ prospects for expansion, and assist rebuild industry trust. “The days of the government trying to shut down airlines are finished. Regarding Aviation Minister Festus Keyamo, Onyema remarked, “This administration has put a round peg in a round hole by giving us a minister who understands the needs of the industry.” He emphasised that Nigerian airlines may prosper and grow internationally if they had a supportive government, better access to funding, and strong self-discipline among operators. “The future of Nigerian aviation will be very bright if this continues,” Onyema said, adding that the president is a businessman who has demonstrated dedication to the sector….CONTINUE FULL READING>>>>>
