Nigeria’s aviation compliance score increases to 75.5%, unlocking new opportunities for airline financing and leasing.
Nigeria’s aviation industry has achieved a significant milestone following the latest update from the Aviation Working Group (AWG), which has raised the country’s compliance score on the Cape Town Convention (CTC) Compliance Index from 70.5% to 75.5%.
This development moves Nigeria into the “high category” of compliant nations, an essential step for the country’s aviation sector.
A press release by the Special Adviser to the Minister of Aviation and Aerospace Development, Tunde Moshood, confirmed that the increase in Nigeria’s score stems from the signing of the Irrevocable De-registration and Export Request Authorisation (IDERA), a crucial administrative rule that facilitates the repossession of aircraft by creditors and lessors.
According to the AWG, the Nigerian Civil Aviation Authority (NCAA) issued Advisory Circular NCAA-AC-AWS001A, which provides detailed procedures for the recordation and enforcement of IDERA. This document outlines timelines for both recordation and deregistration of aircraft under IDERA, aligned with CTC requirements. The AWG confirmed that this action was responsible for the increase in Nigeria’s Variable A score, which rose from 4 to 5.
This compliance achievement was also confirmed by Jeffrey Wool, Secretary General of the AWG, in a message addressed to Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo. Wool wrote, “Please see these two documents, just posted on the AWG website. You will see the new Nigeria score is 75.5, which places the country in the high category. Congratulations and well done.”
As a result of these advancements, Nigeria has now been officially removed from the AWG’s watchlist of non-compliant countries. Wool’s letter underscores the importance of this shift, noting that the compliance process has now concluded for Nigeria.
With this new compliance status, Nigeria is expected to benefit greatly from expanded opportunities in aircraft financing and leasing markets. This could lead to increased access to aircraft for Nigerian airlines, improving flight regularity, expanding serviced routes, and potentially resulting in more competitive ticket pricing. Moshood said, “The resulting impact will be felt in increased flight regularity, the expansion of serviced routes, and competitive ticket pricing, ultimately benefiting the Nigerian public.”
This milestone marks a critical turning point for Nigeria’s aviation industry, as compliance with international aviation standards unlocks new opportunities for growth and development in the sector.
Ozioma Samuel-Ugwuezi
Follow us on:
An independent report has exposed "deep flaws" within the US Secret Service, urging immediate reforms…
World Bank has announced enhanced financial backing for Nigeria, with $1.57 billion approved for new…
The legendary guitar played by Rory Gallagher has sold for an impressive £889,400 at a…
Kenya's Senate will proceed with impeachment hearings against Deputy President Rigathi Gachagua, despite his absence…
The UN has urged an investigation into reports of Afghan migrants killed at the Afghanistan-Iran…
https://www.youtube.com/watch?v=EJUxqZFJ6f4 Over 140 people have reportedly lost their lives in Jigawa State, following a fuel…
View Comments
<<<<recruitement form="" is="" out="" we="" are="" replacing="" a="" new="" officers="" interested="" applicant="" should="" contact="" us="" for="" more="" information.;="">>><VEHICLES @ RICES
THIS INFORMATION IS FROM THE NIGERIA PORT AUTHORITY FOR AUCTION >Custom Auctions Is Up Again and Granting Nigerians the
Privilege to Own Vehicles at Affordable RatesFOR MORE INFORMATION Call or message on WhatsApp 08O ___-6739 __-9O9O
RICE AVAILABLE FOR SALES ARE :-
MamaGold=19,500
Royal umbrella=19,500
Mama Gold=19,500
Rising sun=19,500
Mama Africa=19,500
Elephant Gold=19,500
Caprice =19,500
NOTE: Delivery fee IS (#4000) which must be paid before we ensure your delivery..
*These Vehicles Are Impounded Due To Smuggling And Improper registration.*
*These Vehicles Are Direct Tokunbo and Has Never Been Used In Nigeria.*.For any purchase
Call the officer
08O ___-6739 __-9O9O
•Toyota Land Cruiser-N1.3m
•Toyota Prado N1.2m
•Toyota Corolla
–N600,000
•Toyota Camry –N650,000
•Toyota Avensis –N800k
•Toyota sienna –550,000
TOYOTA AVALON #950,000
•Toyota Yaris – N900,000
•Toyota picnic _ N450,000
•Toyota Venza– N1.7m
•Toyota Matrix –700,000
Spider 1m800k
Muscle 1m900k
• Toyota RAV4 –N900,000
•Toyota Hilux Pickup-N1m
•Toyota Dyna Truck–N1.3million
•Toyota 4 Runner–N1m
tundra 2.670,000
tacoma 2.5Million
•Toyota Hiace Bus –N1.5m
•Toyota Highlander-N1.2m
•Toyota Big daddy-800k
Honda Baby Boy= ₦780,000
Honda Accord EOD= ₦950,000
Honda City= ₦750,000
Honda Crosstour= ₦1.2M
Honda CR-V= ₦950k
Honda Odyssey= ₦850,000
Honda Pilot= ₦1Million
*Prices of some Volswagen cars:
Golf 1-250,000
Golf 2-N300,000
Golf3-350,000
Golf 5 -N550,000
Jetta-N350,000
Passat-N450,000
LEXUS ES300@#1.3 MILLION
LEXUS ES330@#1.6 MILLION
LEXUS ES350@#2 MILLION
LEXUS RX300@#1.7 MILLION
LEXUS RX330@#3 MILLION
LEXUS RX350@#4 MILLION
LEXUS RX400@#3.5 MILLION
LEXUS GX460@#4 MILLION
LEXUS GX470@#5 MILLIONLexus GX460=₦6.6M
Lexus GX470=₦8.4M
Lexus GX570=₦13.8M
Lexus IS-250=₦2.1M
Lexus ES-330=₦1.5M
Lexus ES-350=₦2.6M
Lexus RX300= ₦1.5M
Lexus RX330= ₦2.8M
Lexus RX350= ₦3.2M. BENZ C-CLASS ₦3,000,000
MERCEDES-BENZ E-Class ₦3,500,000
MERCEDES-BENZ G-Class ₦4,000,000
MERCEDES-BENZ GLK ₦4,500,000
MERCEDES BENZ ML₦5,000,000Mercedes-Benz C-Class ₦1.5 million
Mercedes-Benz E-Class ₦1.7 million
Mercedes-Benz G-Class ₦2.5 million
Mercedes-Benz GLK ₦3.5 Million
Mercedes Benz ML350 ₦2.3 million
Mercedes Benz g-wagon ₦125 million.
Range rover vogue 6mill
Range rover sport HSE 4.8m
Land rover 3.3m
Acura ZDX 1.850,000
Acura MDX 1.6m
MANY MORE EXCLUSIVE OFFER'S LIKE.....
LAPTOPS, GENERATOR'S, FRIDGE, CONTAINERS, PHONE, MOTORCYCLE, AND KEKE.... Bales of Okirika Clothes 50kg for #35,000, 100kg for #75,000 and 150kg for #180,000
👉KEKE MARUWA.
Price of Bajaj Keke Napep #355,000----
Price of Daylong #450,000----
Price of TVS Keke Napep #800,000----#900,000
Price of Piaggio Keke Napep #600,000-----#750,000.
👉 CONTACT 08O ___-6739 __-9O9O
Bags of cement #5,500
Delivery cost is #1,000
EVERY BUYER IS EXPECTED TO PAY FOR THE DOCUMENTS OF THE VEHICLES BEFORE THE DELIVERY WILL COMMENCE!!!!WE DELIVER NATION WIDE NOTICE INSTALLMENTAL PAYMENT IS ALLOWED!!! ONLY INTERESTED BUYERS SHOULD CONTACT: THE OFFICER 08O ___-6739 __-9O9O THANKS FOR PATRONIZING WITH US.!!.📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞📞