The Federal Government has called for the establishment of indigenous aircraft leasing companies in Nigeria to deepen aviation financing and support the modernization of airline fleets.
Minister of Aviation and Aerospace Development, Festus Keyamo, made the call while addressing the 2025 FAAN National Aviation Conference (FNAC), with the theme: “Elevating the Nigerian Aviation Industry through Investment, Partnership and Global Engagements.”
According to Keyamo, Nigeria is not only a large market but also a strategic aviation hub, and that FAAN’s investment proposals are structured to attract private-sector participation through transparent public-private partnership frameworks.
The minister pointed out that Nigeria’s strengthened legal framework for aviation financing has created a conducive environment for local leasing firms, enabling airlines to access finance more easily for fleet expansion.
“Nigeria is not only a large market; it is a strategic aviation hub, and the investment priorities we present are structured, viable, and designed for private-sector leadership,” Keyamo stated.
Speaking on the prospects for local leasing firms, the minister stated, “With Nigeria’s significantly improved legal standing for aviation financing, the environment is primed for indigenous leasing firms. This is a direct opportunity to deepen aviation financing and support airline fleet modernisation.”
He also highlighted other investment opportunities, including the modernization of airport infrastructure through the government’s Renewed Hope funding, the development of a regional Maintenance, Repair, and Overhaul (MRO) hub to retain billions in offshore maintenance, and the creation of dedicated cargo and logistics hubs to facilitate agricultural and manufacturing exports.
