• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Sunday, March 8
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»News»Nigeria News»National Carrier: FG Defends Replacement Of Lufthansa
Nigeria News

National Carrier: FG Defends Replacement Of Lufthansa

By Orientalnews StaffFebruary 9, 2018No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Yemisi Izuora 

The minister of state for aviation, Hadi Sirika has said that government decided to terminate Lufthansa Consortium’s contract entered to realize rebirth of a national carrier because the firm changed the term of the contract it had with government.

Sirika disclosed that the firm beside demanding for 75 per cent of N341 million upfront payment which was not in line Nigeria’s procurement law the firm also wanted the money to be converted to Euros which was also not acceptable to them.

 

According to the minister, What transpired at the Federal Executive Council (FEC) meeting which I explained very clearly is that we substituted Lufthansa Consulting as part of the consortium to provide transaction advisory services for the establishment of a national carrier.

“The reason is very simple and clear. We thought that Lufthansa Consortium is an arm of Lufthansa Airline Group and this may compromise the process. They might be interested party latter in the day of this procurement and this may compromise the system. We want it to be transparent, as fair and equitable as it should be”.

“They wanted about 75 per cent to be paid of the sum ab nitio and this is not in line with procurement laws. The contract was in Naira N341m but they wanted to change it Euros and this was not acceptable to us. This was neither in our request for proposal. What we did was there were many in the consortium, we substituted them with another company that is even fair, that is no appendage to any other company that might be interested. So, they are more of a neutral company to take over the place of Lufthansa “, he added.

Sirika stated that the government was very close to the establishment of a national carrier, noting that it would certainly be within the first term of this administration of President Muhammadu Buhari.

“I think in the next couple of months; one month, two months maximum,  we should be able our business case. I can say that we are very close to the establishment of a national carrier”.

Anxiety mixed with palpable joy could best describe plan by the Federal Government to put in motion process that would help to establish a national carrier for the country. Apparently worried by loss of huge revenue from the aviation industry, the government had concluded plans to regain some grounds by floating a national carrier before the end of 2018.

The Minister’s assurance may have rekindled hope that Nigeria could indeed have a new national carrier before the end of the years as the buzz around what people described as a wonderful idea if the government pulls it through waned as many feared that this may end up as another failed project considering the fact that the governments before now had tried unsuccessfully to give the country a national airline, which has divided opinion among those who believe in the idea and others who believe is an unprofitable venture.

Sirika attributed the hugely successful 2017 in aviation to doing what is right and by diligently following standard recommended practices of the International Civil Aviation Organisation (ICAO).

He explained that Nigeria received a very good pass mark well above average on aviation security and on safety which he said was also well above average pass mark.

“That of safety was well above global average. We were scoring 66 and 96 per cent respectively and I believe all of those safety critical matters and that of security concerns were addressed progressively”.

Share this:

  • Share
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Reddit (Opens in new window) Reddit
cover
Orientalnews Staff

Related Posts

Godman Akinlabi Earns Transformational Leadership Award at Nigerian Legal Awards

March 2, 2026

Tinubu Charges New Police Chief To Improve Security Across The Country 

February 26, 2026

Joyce Ojemudia Foundation Launch To Address Neonatal Mortality, Infertility Challenges 

February 23, 2026

Leave A Reply Cancel Reply

The latest
  • World Bank Commends Kogi State For Expansion Of Healthcare Access
  • CBN Says Nigeria’s Banking Industry Solid As Over 30 Banks Fully Capitalized
  • Alpha Morgan Bank Establishes Presence In Abuja 
  • Judge Warns Defence  Counsel,  Threatens Bail Revocation Over Witness Interference
  • EFCC Hands Over Recovered N279 Million To Wole Soyinka Centre In Lagos
  • New Committee Set Up To Unlock Stranded Power Generation In Nigeria 
  • 360 Energy Pulse: What mattered this week in energy
  • Promasidor Nigeria Marks IWD  2026 With Commitment To Inclusive Leadership
  • Economists Commend Dangote Refinery For Averting Fuel Crisis
  • Investment Banks Reviews Crude Price Forecasts As Iran Tension Escalates
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2026 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.