Business A.M
No Result
View All Result
Wednesday, June 17, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Hadi Sirika: Arik Air not suitable for national carrier

by admin
July 29, 2025
in Frontpage

Hadi Sirika, the minister of aviation, says the federal government has no intentions to convert Arik Air into a national carrier.

Fielding questions from journalists at the end of the federal executive council (FEC) meeting on Wednesday, the minister said Arik Air will not be suitable for the carrier that the ministry is planning.

Ahmed Kuru, the managing director of the Assets Management Corporation of Nigeria (AMCON), had urged the federal government to use the airline as a stepping stone in its quest to own a national carrier.

“The carrier that I intend to bring is such a carrier that will support the national economy, with $450 million GDP for 200million people, very equipped to compete favourably,” he said.

“The international airlines that have dominated Africa, 80% of those airlines are non-African. In view of the AU Agenda 2063, the Single African Aviation Market, we thought that there will be an airline that will take up that challenge; that will take advantage of it and be able to provide services to our people.

“Nigeria, being the first country to kick-start the declaration in 1999, to establish a one common market in Africa; at the time, we wanted to take advantage of the Nigeria Airways which was the strongest airline on the continent, and we thought that we could take advantage of that and it would pay Nigeria very well. Tables turned, decisions were reversed and now, Nigeria was unlucky to have an airline that can participate in that manner.

“So, the answer to your question is that Arik, as presently constituted, is not in line with the thinking of the ministry. It will not be able to give us that airline that we need. However, Arik as an entity, since it is private-sector driven, can either buy shares in the new ventures or invest in any manner in the business as presently approved.

“We are not saying once we have a national carrier, every other airline goes down. No. It is our duty to continue to support businesses.”

The federal government had unveiled the national carrier’s name and logo at the Farnborough International Airshow in London in July 2018 and plans for the airline was suspended in September of the same year.

admin
admin
Previous Post

Hong Kong plunges into recession as protests, trade war take toll

Next Post

United States envoy blames regulatory policies for low FDI inflow

Next Post

United States envoy blames regulatory policies for low FDI inflow

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

June 17, 2026
CIS turns new chapter with first female president in 3 decades

CIS turns new chapter with first female president in 3 decades

June 17, 2026
CapitalSage expands global payments reach with Chimoney acquisition

CapitalSage expands global payments reach with Chimoney acquisition

June 17, 2026
Flutterwave hits $3.2bn valuation as Ripple backs stablecoin expansion

Flutterwave hits $3.2bn valuation as Ripple backs stablecoin expansion

June 16, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

Nigeria, others to benefit from Mauritius’ MCB $1bn Africa trade finance support

June 17, 2026
CIS turns new chapter with first female president in 3 decades

CIS turns new chapter with first female president in 3 decades

June 17, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M