A few days ago, it was made public that the Federal Government had decided to suspend the Nigeria Air project. The Federal government has now come out to reveal the reason behind the decision.
According to Federal Government, Nigeria Air was suspended due to investor apathy. Nigeria’s Minister of Information and Culture, Lai Mohammed, who addressed journalists on Monday at the Murtala Mohammed International Airport, Lagos, said investors who were supposed to partner with the government on the project had lost interest.
He further explained that "If the understanding of the government at the beginning was that the project might be self-financing or the project would be financed by investors and you think that such a project can no longer be sponsored by investors, either because they are not forthcoming or such venture can no longer be viable, the government is at the discretion to take a decision"
"The position of government in business is to provide the enabling environment and it is not to become the sole source of finance or funding and in addition, there is much more than funding in trying to get our national carrier. So, the Federal Government thinks this thing should be stepped down now until we get a better funding structure.”
No further information on this matter has been released by the Federal Government, but we are all waiting anxiously to find out the uncertain fate of Nigeria Air.
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