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National Carrier: Nigeria Air to Take Off April 2022

 The Minister of Aviation, Senator Hadi Sirika has revealed that the much-anticipated National Air Carrier, Nigeria Air, is expected to take off by April 2022.

 

Briefing State House Correspondents after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja today, the Minister disclosed that the Council approved the Outline Business Case for the establishment of the National Carrier.

 

He revealed that government will hold a 5% stake, Nigerian entrepreneurs to hold 46% while the remaining 49% will be reserved for yet to be assigned strategic equity partners, including foreign investors.

 

Our Correspondent, Raliat Adenekan reports that the Minister of Finance, Budget, and National Planning, Zainab Ahmed explained that the transport subsidy payment of N5,000 to the vulnerable would be transferred digitally for a minimum period of six months and a maximum of 12 months, after the removal of fuel subsidy in June 2022 to give people time to adjust.

 

She noted that as at the last Federation Account Allocation Committee (FAAC) meeting, fuel subsidy costs the country nearly N250 billion per month and three trillion annually as the NNPC remits near-zero naira.

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