Nigeria’s aviation sector has secured an aircraft financing and leasing partnership with Aircraft Finance Germany (AFG) and Fidelity Bank Plc.
In a statement on Friday, Tunde Moshood, special adviser on
media and communications to the minister of aviation and aerospace development,
said the partnership was sealed at the maiden edition of the Nigerian Aircraft
Acquisition and Investment Summit (NAAIS 2026).
The summit held on Wednesday and Thursday.
Moshood said the agreement is expected to unlock new
opportunities for Nigerian operators by easing access to aircraft acquisition
and leasing options.
According to the spokesperson, the partnership will leverage
AFG’s deep technical expertise alongside Fidelity Bank’s strong financial
capacity to provide structured, sustainable financing solutions tailored to the
needs of the aviation industry.
“NAAIS, an initiative of the Honourable Minister of Aviation
and Aerospace Development, Festus Keyamo SAN, was designed to address
long-standing challenges around aircraft acquisition, financing, and leasing in
Nigeria,” the statement reads.
“The summit exceeded expectations, producing a series of
concrete commitments and deal pathways that are expected to significantly
reposition the nation’s aviation ecosystem.”
OPERATORS, FINANCIERS REACH DEALS TO BOOST AIRCRAFT
ACQUISITION
Moshood said deliberations were held across four deal rooms
focused on aviation finance, regulation and infrastructure.
In deal room A, the spokesperson said five Nigerian
operators reached agreements to advance discussions with ATR and Formidion on
aircraft leasing and acquisition, signalling progress toward fleet expansion.
Deal room B focused on financing and policy, according to
the statement, with the CBN committing to facilitate a sector-wide awareness
session in collaboration with the bankers’ committee.
“Embraer also pledged to introduce Nigerian operators to its
Export Credit Agency (ECA) financing pathway, while FSD Asset Finance committed
to developing a comprehensive working paper on aviation finance to guide future
investments,” Moshood added.
In deal room C, he said the National Insurance Commission
(NAICOM) said it would clarify the 10 percent local retention policy on
aircraft acquisition and provide technical support to operators on compliance
and documentation requirements.
According to the statement, Deal room D addressed
infrastructure development, with the Federal Airports Authority of Nigeria
(FAAN) and Afreximbank agreeing to deepen collaboration on priority aviation
projects.
FAAN also committed to developing a pipeline of bankable
projects for submission to the Infrastructure Concession Regulatory Commission
(ICRC).
In addition, Moshood said First Metro Infrastructure and
Afreximbank also agreed to advance discussions on the development of an
aerotropolis project at the Lagos airport.
“With the successful execution of the AFG–Fidelity
partnership and the multiple commitments secured across the deal rooms, the
summit has set a clear pathway for improved access to aircraft, stronger
financial structures, and enhanced collaboration across the aviation value
chain,” the statement said.
Moshood said Chris Najomo, director-general of the Nigeria
Civil Aviation Authority (NCAA), announced that the second edition of the
summit will hold on April 1 and 2, 2027.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com