Home / Business / Nigeria’s First Aerospace Show To Attract $50bn Investment

Nigeria’s First Aerospace Show To Attract $50bn Investment

The first-ever international aerospace and airport show to be hosted by Nigeria is expected attract about $50 billion investments from local and foreign investors to the country’s aviation industry.

The aviation show is billed for October 2016. The Executive director of the International Aviation Management and Security, IAMS, John Nwosu, dropped the hint while speaking with journalists in Abuja on Tuesday, June 7.

Nwosu said the Airport Expo held in Dubai in 2013 generated over $20 billion investment, while the Nigerian version which is planned to be done in five phases could generate investments worth $50 billion.

He said: “The event will bring together participants from all over the world and it was intended to attract $50billion worth of investment into Nigeria’s aviation industry through its international business forum.”

While stating that the event was designed to shape tomorrow’s aviation and bring many countries into the new world order, Nwosu noted that the potential in the country’s aviation sector was yet to be harnessed, adding that Nigeria controlled the largest aviation market in the Central and West African region.

“The benefit of this programme for Nigeria is that it will attract investment into this country. We are planning that the first international Aerospace Show, Airport Expo and Business Forum will be held in Lagos and Abuja in October.

Source: bizwatchnigeria.ng

Leave a Reply

%d bloggers like this: