Building infrastructure key to survival of aviation industry

Building aviation infrastructure has been identified as the way forward for the aviation industry to survive post covid-19. This was the call made by panelists at the second edition of the aviation webinar organized by AELEX Partners. With the theme “Flying into Turbulent Skies, Safely Navigating covid-19 Headwinds – Survival Strategies for Nigerian Aviation”, the conversation was centered on economic policy, state support and finance issues affecting airlines, airports and other stakeholders in the aviation industry. Moderated by Mr. L Fubara Anga, the Head of Transportation and Finance Practice Groups,…

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National Assembly assures AMCON of support in recovery of over N5.4 trillion debt

The House of Representatives Committee Chairman on Banking and Currency, Hon. Victor Nwokolo has assured Nigerians that the 9th National Assembly would take all necessary measures that would support the Asset Management Corporation of Nigeria (AMCON) in realizing the huge outstanding debt of over N5.4 trillion owed it by obligors before its sunset. Recall that AMCON with the assistance of the 8th National Assembly successfully amended the AMCON Act, which President Muhammadu Buhari signed into law earlier in the year. The amended Act further provided AMCON with additional powers to…

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