- R plan to establish aircraft manufacturing plant signifies a boom in econom
The plans for an aircraft manufacturing centre in Nigeria is a reflection of the conducive environment for business under the President Bola Tinubu administration.
In a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, The Democratic Front (TDF) said the move is prompted by the new wave of investor-friendly policies put in place by government.
“We believe that the encouraging results from President Bola Tinubu’s economic reforms have attracted the vast interests from investors across the globe and has triggered the plan to establish an aircraft manufacturing plant in the country.
“We consider it as courageous and remarkable against the backdrop of the fact that it was the buoyancy and strength of Nigeria’s economy 45 years ago, that attracted the investment instincts of Dornier GMBH of Germany to establish an aircraft manufacturing company in Kaduna, North Western Nigeria in 1979.
“Therefore, if a similar investment is being contemplated several years after the Dornier manufacturing facility was forced out of business by economic pressure, it then suggests that the economy under President Tinubu is on the path of fast recovery and growth. The economy has greater prospects and capacity to host and sustain a huge investment like an aircraft manufacturing hub.
“In addition to creating jobs and stimulating the economy, such a centre in Nigeria will create a boom in inflow of foreign exchange.
“Nigeria’s capability in technological transfer will also be further enhanced as it will unlock the nation’s potentials in Research and Development.
“The Democratic Front also call on the Minister of Aviation and Aerospace Development Festus Keyamo to expedite action on the establishment of the aircraft manufacturing centre because of its potential to foster the growth of a local supply chain, that will also benefit small businesses in Nigeria,” it added.
TDF expressed optimism that when the proposed aircraft manufacturing company is established, the Nigerian aviation sector would be transformed for the greater good of the nation.
