Keyamo Hosts MOFI, Qatari Investors on Strategic Aviation Collaboration
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, in a significant move aimed at repositioning Nigeria’s aviation sector for sustained growth and global competitiveness, received a high-level delegation from the Ministry of Finance Incorporated (MOFI) and their Qatari investment partners at his office in Abuja earlier today.
The MOFI delegation, led by its Managing Director, Dr Armstrong Ume Takang, was accompanied by representatives of Power International Holdings, a strategic investor based in Qatar.
The purpose of the visit was to explore collaborative investment opportunities within Nigeria’s aviation ecosystem, in alignment with President Bola Ahmed Tinubu’s economic vision of building a trillion-dollar economy anchored on key strategic sectors, including aviation.
Dr Takang commended the Honourable Minister for his progressive reforms, particularly the recent introduction of the Cape Town Convention (CTC) and the Irrevocable Deregistration and Export Request Authorisation (IDERA) framework.
He described the initiatives as a “masterstroke in reform-minded policy innovation,” noting that they are critical to attracting foreign capital and fostering a resilient aviation sector.
“These reforms reflect a deliberate and strategic effort to align Nigeria’s aviation industry with international best practices. They will significantly enhance investor confidence and open new doors for institutional funding,” Dr Takang added.
In his remarks, the Honourable Minister expressed gratitude for the visit and reiterated the importance of bridging the divide between sound government policy and the mobilisation of long-term private capital. He emphasised the value of MOFI as a critical intermediary in this pursuit.
“Sound policy is the foundation of investment attraction. MOFI is indeed the missing link we have been seeking in our drive to reform and reposition the aviation sector. I welcome this opportunity for structured collaboration,” said Keyamo.
Both parties agreed to set up a joint working group to identify priority areas for collaboration, carry out feasibility studies, and develop a roadmap for implementation.
The initiative is expected to fast-track the inflow of institutional investment into aviation infrastructure, from airport development and maintenance to aviation logistics and technology.
The visit is considered a major step under President Tinubu’s Renewed Hope Agenda, which envisions the aviation industry as a critical enabler of economic transformation, employment generation, and national competitiveness.
