• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, July 10, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Aircraft MRO: Nigeria Lost N1.25trn To Capital Flight In 2021

by Ejike Ejike
3 years ago
in News
airport
Share on WhatsAppShare on FacebookShare on XTelegram

The managing director, Federal Airport Authority of Nigeria (FAAN), Capt. Rabiu Yadudu, has revealed that Nigeria lost about N1.25trillion in 2021 to neighbouring countries in aircraft maintenance, repair and overhaul (MRO).

Advertisement

Yadudu, who stated this at a FAAN national aviation conference (FNAC) in Abuja on Tuesday, said the amount, which is equivalent to $2.5billion (as at the dollar exchange in 2021) was because Nigeria had the largest fleet of aircraft within the subregion.

LEADERSHIP investigations further showed that local airlines, presidential fleet, Nigerian Air Force and the Nigerian Police spend most of the N1.25 trillion annually in conducting C-check and other levels of aircraft maintenance overseas.

Most of the funds are expended on the technical personnel, airframe maintenance, landing gear, engine overhaul and aircraft spare parts.

Aeronautical engineers, airline operators and pilots told Akelicious, (an investigative organ) that this amount would have been halved if Nigeria has a major Maintenance, Repair and Overhaul (MRO) facility, a leasing company, which could also supply spares and simulators for the training of pilots.

RELATED

Residents Applaud Mbah, Police Intervention In Enugu Community Killing

Police Roll Out Massive Security Measures For July 12 Local Gov’t Elections In Lagos

3 hours ago
In A Special Video Message To Sway Voters For Tinubu, Buhari Vows To End Current Hardship

We’ll Build On Buhari’s Legacy, Reform Agenda — Tinubu

4 hours ago

Also, former Aero Contractors’ Maintenance Engineer, Isaac Balami, said airframe maintenance alone costs Nigeria $1 billion annually at the average of $1 million per aircraft.

According to him, “Airlines expend about $1 million on the maintenance of airframe alone and not to talk about the maintenance of landing gear and engine, which have different maintenance programme. These amounts are spent by Nigerian airlines, the Nigerian Navy, the Nigeria Air Force, the Nigeria Police, the Presidential Fleet and others that operate fixed wing aircraft. Maintenance cost is in terms of hardware and software.”

Speaking on the theme, “Advancing the Frontiers of Possibilities for Safe, Secure and Profitable Air Transport”, the FAAN boss said it has been carefully and thoughtfully chosen to proffer solutions to major industry challenges as well as chart the way forward for a National Air transport industry that will be effective, efficient and profitable, in addition to being a major catalyst to national economic growth and development.

Speaking on the challenges of the aviation industry, especially during COVID-19, he said “as you are all aware, the COVID-19 pandemic impacted the global socio-economic space negatively and also slowed down global travels, thus affecting aeronautical operations and revenue generation.

“As we commence the process of rebounding, it is imperative to come together to identify and analyze the positives from these challenges, with a view to consolidating on them and fostering sustainable development in our industry.

“This is the motive for inviting all stakeholders – airlines, handling companies, aviation agencies, concessionaires, security agencies to discuss issues, share ideas, and proffer solutions to the myriad of challenges facing our industry.

“Furthermore, we have assembled a crop of seasoned faculty who have distinguished themselves globally in various fields of aviation: from regulation, operation, financing, among other critical areas, to bring these issues to the fore, and also proffer lasting solutions.

“Let me state that our potentials and capacity in the global air transport industry is grossly underutilized. If we are desirous of attaining the status of a major player in the global aviation sphere, this is the time to reposition and move the industry forward.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

Labour Party Now Orphanage For ‘Homeless’ Politicians — Sowore

Next Post

2023: Choice Of Running Mate Lies With Tinubu, Not APC Govs – Uzodinma 

Ejike Ejike

Ejike Ejike

You May Like

Residents Applaud Mbah, Police Intervention In Enugu Community Killing
News

Police Roll Out Massive Security Measures For July 12 Local Gov’t Elections In Lagos

2025/07/10
In A Special Video Message To Sway Voters For Tinubu, Buhari Vows To End Current Hardship
News

We’ll Build On Buhari’s Legacy, Reform Agenda — Tinubu

2025/07/09
Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft
News

Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft

2025/07/09
First Time In 7 Months, Crude Production Output Drops To 1.26mbpd
News

Delineation: Delta Communities Threaten To Disrupt Oil Facilities Over Alleged Marginalisation

2025/07/09
Jigawa Court Sentences 2 Kidnappers To 28 Years Imprisonment
News

Federal Gov’t Begins Trial Of Batch 7 Suspected Terrorists

2025/07/09
Trump Faces Backlash For Praising Liberian President’s Fluent English
News

Trump Faces Backlash For Praising Liberian President’s Fluent English

2025/07/09
Leadership Conference advertisement

LATEST

Dominant PSG Thrash Real Madrid 4-0 To Reach FIFA Club World Cup Final

Police Roll Out Massive Security Measures For July 12 Local Gov’t Elections In Lagos

We’ll Build On Buhari’s Legacy, Reform Agenda — Tinubu

Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft

Zamfara Gov Distances Self From APC, Says He’s Still In PDP

Delineation: Delta Communities Threaten To Disrupt Oil Facilities Over Alleged Marginalisation

19 Parties To Contest Ibadan North By-election

Federal Gov’t Begins Trial Of Batch 7 Suspected Terrorists

2027: ADC Candidate ‘ll Emerge Via Primary Election, Says Lukman

Djokovic Beat Cobolli To Reach 14th Wimbledon Semi-finals

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.