Keyamo Backs MOFI’s Push for Aviation Sector Revitalisation

By Eshiorameh Sebastian, Abuja

The Ministry of Finance Incorporated (MOFI), an arm of the Federal Ministry of Finance, has engaged with the Honourable Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, to explore strategic investment opportunities in the aviation sector.

During the high level discussions, MOFI, alongside its Qatari strategic partner, Power International Holdings, emphasised the importance of repositioning the aviation industry as a key driver of Nigeria’s economic transformation agenda.

The delegation, led by MOFI’s Managing Director, Dr. Armstrong Ume Takang, outlined potential collaborative initiatives across critical segments of the aviation value chain.

Dr. Takang commended the Minister’s proactive leadership in implementing the Cape Town Convention (CTC) and the Irrevocable Deregistration and Export Request Authorisation (IDERA) framework, describing these measures as transformative policy innovations that will catalyse capital inflows and strengthen the sector’s foundation.

He further highlighted the alignment of these initiatives with President Bola Tinubu’s broader vision of achieving a trillion-dollar economy, with aviation playing a pivotal role.

In his remarks, the Minister expressed his gratitude for the engagement and recognised MOFI’s instrumental role in facilitating synergies between government policy objectives and long-term private sector investment.

He reiterated his commitment to fostering an enabling environment for sustainable growth and development within the aviation and aerospace industries.

He said: “Sound policy is the foundation of investment attraction. MOFI is indeed the missing link we have been seeking in our drive to reform and reposition the aviation sector. I welcome this opportunity for structured collaboration.”

The statement hinted that at the end of the meeting, both parties agreed to establish a joint working team that would fine-tune identified areas of cooperation, conduct feasibility assessments, and propose actionable steps toward implementation.

The visit marks a significant step towards harnessing institutional capital for aviation infrastructure, a key component of the Renewed Hope Agenda under President Tinubu’s administration.