How business aviation impacted Nigerian aviation market – Capt Boyo | Independent Newspapers Limited
Newsletter subscribe


How business aviation impacted Nigerian aviation market – Capt Boyo

Posted: Apr 6, 2015 at 5:45 am   /   by   /   comments (0)

By Abel Orukpe Correspondent, Lagos

Managing Director of Overland Airways, Capt Edward Boyo, at the weekend, said business aviation has made a significant impact on the aviation market over the last five-10 years. This is despite the fact that the marketplace has been dominated over the years by scheduled commercial aircraft operations.

Captain Edward Boyo

Captain Edward Boyo

An estimated 150 business aircraft existing in Nigeria today are owned by government, corporate organisations and individuals, Boyo said, adding that over 200 business and private flight clearances are processed by the Nigerian Civil Aviation Authority (NCAA), monthly.

“Overall, however, Nigeria remains one of the largest business aviation markets in Africa with continued growth expected over the next 15-20 years. Demand for Business Aviation is principally fuelled by activities in the oil and gas sector. There are expectations that growth in business aviation in Nigeria would marginally slacken after the General Election since political activities would wind down post-elections”, Boyo said while presenting a paper titled, “Business Aviation Marketplace: Regulation, Growth and Opportunities” at Aviation Executive Business Forum in Lagos.

The airline boss stated that according to NCAA over 50 per cent of the civil aircraft registered in Nigeria are used for business and general aviation operations and that more than 80 per cent of helicopters registered in Nigeria are used for business aviation operations.

He said Nigeria has been described by aircraft manufacturers, trip management companies and aircraft management companies, as a market with huge potentials. The airline boss hinted that over 150 business aircraft exist in Nigeria today, growing from less than 50 in the last 5 years and that business aviation in Nigeria is said to be growing at a rate of 5-10 per cent annually and that this growth is expected to be sustained by growth in the service, extractive, construction industries of the larger economy

He said that business aviation activities in Nigeria are most notable at major economic hubs such as Lagos, Abuja and Port-Harcourt, adding that Nigeria is laying new emphasis on establishing dedicated facilities for business/general aviation at major business aviation hubs including Lagos and Abuja.