NCAA Highlights Importance of Private Sector in Aviation Growth
Captain Chris Nahomo, the Director-General of the Nigerian Civil Aviation Authority (NCAA), emphasized the crucial role of private sector involvement in driving the growth and transformation of Nigeria’s aviation industry. His remarks came during the inaugural Nigeria Aircraft Acquisition and Investment Summit (NAAIS) 2026 held in Lagos, where he underscored that public-private partnerships (PPPs) are essential for the country’s economic progress.
Regulatory Framework and Market Confidence Needed
During the summit, Nahomo noted that while aviation serves as a vital mode of transportation, it also plays a key role in facilitating trade, tourism, investment, and national cohesion. He pointed out that to fully leverage the potential of aviation in Nigeria—Africa’s largest economy—more than just infrastructure improvements are necessary; building trust in regulatory systems and long-term investment policies is paramount.
Infrastructure Challenges Impeding Development
Nahomo highlighted the pressing infrastructure challenges currently faced by Nigeria, which impede economic growth and development. He mentioned that the country ranks low on the African Infrastructure Development Index (AIDI) with a score of 25.70, signaling an urgent need for substantial investment in infrastructure. With Nigeria’s infrastructure stock at around 30% of GDP, significantly lower than the global benchmark of approximately 70%, the scale of the infrastructure deficit exceeds $2.3 trillion, necessitating private investment participation.
Public-Private Partnerships Offer Path to Efficiency
The Director-General explained that PPPs are not merely financial instruments; they enhance efficiency, drive innovation, and distribute risk. In aviation specifically, these partnerships can lead to modernization of airport facilities, improved operational efficiencies, and an overall better passenger experience, while providing access to global best practices and advanced technologies.
Investment Opportunities in a Growing Market
Nigeria’s expanding population, burgeoning middle class, and increasing regional connectivity present a compelling case for investment in the aviation sector, according to Nahomo. He asserted that while the potential exists, actual capital inflow hinges on trust—a commodity that is built through transparency and regulatory consistency. Investors are unlikely to commit capital in environments characterized by vague regulations and inconsistent applications of rules.
The Role of Regulatory Assurance
Nahomo underscored the necessity for a clear legal framework governing PPP concessions, along with transparent procurement processes. He stated that the certainty provided by a reliable regulatory framework is essential for attracting investment. When investors perceive a system that honors agreements and resolves disputes fairly, they are more likely to lower risk premiums, which can lead to increased capital flow into the aviation sector.
Long-Term Commitments in Aviation Investments
Long-term investments, often spanning 20 to 30 years, require robust confidence in government policies. Nahomo reassured the audience that concessions acquired under previous administrations remain intact under the current government led by President Bola Ahmed Tinubu, emphasizing the commitment to a long-term aviation strategy that aligns with national goals while minimizing susceptibility to short-term political fluctuations.
Support from NAMA on Private Sector Collaboration
Farouk Ahmed Umar, Managing Director of the Nigerian Airspace Management Authority (NAMA), echoed Nahomo’s sentiments regarding the importance of private sector partnerships. He highlighted Nigeria as one of Africa’s most untapped aviation markets, noting the growing passenger numbers and regional connectivity. However, Umar cautioned that opportunity alone is insufficient without a supportive system. He detailed ongoing efforts to enhance oversight, transparency, and compliance, reinforcing the commitment to an investment-friendly environment necessary for aviation’s growth.
