• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, November 24, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Main issues, misconceptions on Nigeria Air – Sirika

Nigeria Air

The Matters Press by The Matters Press
June 12, 2023
Reading Time: 2 mins read
0
Nigeria Air, co-owned with Ethiopia airlines moves in

Mr Hadi irika, the former Minister of Aviation and Aerospace, has said that N3 billion out of the budget of N5 billion had so far been released by the Federal Government for the establishment of Nigeria Air.

RELATED POSTS

Presidential aides hail IMPI’s boss, Akinsiju at 63, commend his role in advancing Nigeria’s reform.

‎‎IMPI links Nigeria’s PMI to inflation decline, insists on 14% year-end projection ‎

Court labels Nnamdi Kanu ‘international terrorist

The N3 billion, he explained had been completely spent.

Sirika who was guest on Sunday in Abuja during a programme on Arise TV, said that from 2016 to 2023, the budget for the Nigeria Air is N5 billion, and only N3 billion was released.

The N3 billion, he said had not been completely spent.

He said the government of Nigeria did not pay a dime for the May 26 unveiling of Nigeria Air.

“It is ridiculous to think that we’ll hire and paint an aircraft for N138 billion which could get us five new Boeing 777max.

“We are responsible people and the general public should approach Ministry of Information and apply for the right of information to see for themselves.

Sirika admitted that the aircraft used for the launch of Nigerian Air belonged to Ethiopian Airline, but added that government did not pay for the aircraft as it was brought by Ethiopian Airlines to demonstrate their commitment to the project.

“The AOC owned by Ethiopian Airline is known to Nigeria and the NCAA, they are permitted to come in either with scheduled passengers, chattered or cargo. They have to come in under one of the 3.

“So, they came as chartered. Being chartered does not mean that anybody paid for anything. The government did not pay a dime for that aircraft to come in.

“Secondly, there was no revenue passenger in the aircraft because that would have been totally against the law and wouldn’t have been allowed. It was their own marketing strategy as equity partners.

“They came to do this unveiling on a special allowance called chartered and it does not mean that we paid for it.

“It is their own marketing strategy as equity partners that they came to do this unveiling on a special allowance which is called chartered flight.

“Chartered does not mean they paid for it. If there is anybody that paid for it, it would have been the Ethiopian Airline. No penny is paid,” Sirika said.

According to him, former President Olusegun Obasanjo handed Nigeria Airways to his friend company, Arik Air, which is indebted to the tune of over N300 billion, of which Nigeria taxpayers money is N250 billion via AMCON.

“So, do we hand it over to Arik?” he asked, rhetorically.

Ethiopia Airlines was the preferred bidder and holds 49 percent shares in Nigeria Air while Nigerian government owns just 5 percent and the remaining private.

Tags: Nigeria Air
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Presidential aides hail IMPI’s boss, Akinsiju at 63, commend his role in advancing Nigeria’s reform.
News

Presidential aides hail IMPI’s boss, Akinsiju at 63, commend his role in advancing Nigeria’s reform.

November 22, 2025
Features

‎‎IMPI links Nigeria’s PMI to inflation decline, insists on 14% year-end projection ‎

November 21, 2025
Supreme Court voids Executive Order 10, hard time awaits institutions
News

Court labels Nnamdi Kanu ‘international terrorist

November 21, 2025
Amended charge filed against Nnamdi Kanu
News

Kanu international terrorist bags life sentence

November 20, 2025
Africa transparent in military spending
Economy/Technology

Nigeria hits record-breaking arms deal with US in 18 months – IMPI

November 14, 2025
President Tinubu congratulates Ginika  Tor-Ijeomah*
Economy/Technology

President Tinubu congratulates Ginika Tor-Ijeomah*

November 14, 2025
Next Post
July petrol pump price ranges between N140.80 and N143.80

Petrol sellers groan over sharp dip in patronage in Kano

BRICS Business Council engages Nigeria to expand opportunities in Africa

BRICS Business Council engages Nigeria to expand opportunities in Africa

Recommended Stories

AfCFTA’s potential for enterprises dominates discussion

AfCFTA key to achieve Africa local content strategy – NCDMB

February 15, 2023
5G network for launch 2020

Nigeria makes $68b investment from telecom

July 12, 2019
Nigeria’s fiscal pressure implodes economy – NESG

Nigeria’s fiscal pressure implodes economy – NESG

August 8, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Presidential aides hail IMPI’s boss, Akinsiju at 63, commend his role in advancing Nigeria’s reform.
  • ‎‎IMPI links Nigeria’s PMI to inflation decline, insists on 14% year-end projection ‎
  • Court labels Nnamdi Kanu ‘international terrorist

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

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
Call Us