NewsOnline Nigeria reports that the Federal Government has signed a Public-Private Partnership (PPP) agreement to establish a Maintenance, Repair, and Overhaul (MRO) facility in Abuja.
This Nigeria news platform understands that the PPP arrangement is a strategic choice, leveraging private sector investment to meet the growing demand for aircraft maintenance in Nigeria without relying solely on government funding.
This disclosure was made by the Minister of Aviation and Aerospace Development, Festus Keyamo, during an interview on Arise TV on Tuesday.
“We have also signed an agreement on PPP to establish an MRO in Abuja. That has been signed, and it’s only through PPP because the government cannot fund it fully,” Keyamo stated.
He highlighted the significance of this agreement, emphasizing the role of the PPP in making the project a reality and acknowledging the financial constraints that necessitate private sector involvement in such large-scale projects.
The minister also provided an update on the MRO facility being developed by Ibom Air, the Akwa Ibom State-owned airline, noting that the project has made significant progress.
According to him, the MRO for narrow-body aircraft is about 90% complete, with technical support from Airbus of France.
“We are advertising globally for people to come and invest in MROs in Nigeria,” Keyamo explained, emphasizing that the country presents a lucrative opportunity for such investments, given the lack of major MROs in the region.
Keyamo emphasized that these investments would boost Nigeria’s aviation industry and address challenges faced by airlines, which currently rely on overseas facilities for routine maintenance. Establishing local MRO capabilities could cut down operational delays and costs, positioning Nigeria as a key player in regional aviation maintenance.
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