Nigeria’s first ever international Aerospace show, Airport Expo aimed at  attracting $50b Investment into the country’s aviation industry has been slated to hold in October.

Disclosing this to aviation correspondents in Abuja, the executive director of the International Aviation Management and Security (IAMS) Mr John Nwosu stated that the event will bring together participants from all over the world.

He noted that it was intended to attract 50-billion-dollar worth of investment into Nigeria’s aviation industry through its international business forum.

According to Nwosu, the potential in the country’s aviation sector was yet to be harnessed, adding that Nigeria controlled the largest aviation market in the Central and West African region.

He said: “The benefit of this programme for Nigeria is that it will attract investment into this country.
For example, the Airport Expo that was held in Dubai in 2013 generated over 20-billion-dollar investment, while this one will be done in five phases and we are expecting 50-billion-dollar investment.”

According to him,  the first international Aerospace Show, Airport Expo and Business Forum will be held in Lagos and Abuja in October.

He explained that the programme will enable the participants to collaborate and establish clear legislative frameworks, policy priorities, transparent governance systems and effective funding strategies for regional aviation growth.

The executive director of the International Aviation Management and Security (IAMS) said while the Dubai event which was only about airports generated $20b, the coming one will comprise of conference, training, Aerospace Show, Airport Expo and International Business and will generate more.

“The event will bring together aviation professionals and stakeholders who will network, source their products requirements and create over 50 billion dollars worth of business possibilities.
It also targets to chart a sustainable path and, brainstorm on preventive strategy for the aviation sector,” Nwosu added.

IAMS boss maintained that the programme was also aimed at solving the numerous problems confronting the aviation industry not only in Nigeria but also Africa and the globe as a whole.

He observed that during the programme, cabinet ministers in charge of aviation from the participating countries would meet in plenary to rub minds on many issues bordering on the development of the industry.

According to him, the event is designed to shape tomorrow’s aviation and bring many countries into the new world order.