Nigeria has achieved a record global rating in aviation with the country receiving a significant boost, jumping from 49 to 70.5.
The Minister of Aviation and Aerospace Development, Festus Keyamo disclosed this in a statement signed by his spokesperson, Tunde Moshood on Wednesday night.
“In a swift response to Nigeria’s bold attempt to fully comply with the Cape Town Convention on dry-leasing of aircrafts by preparing and signing the Practice Direction, the Aviation Working Group (Co-chaired by BOEING AND AIRBUS) has today swiftly adjusted the global score/rating of Nigeria on our compliance status from 49 to 70.5,” Moshood said.
“This is the largest score Nigeria has attained till date to give comfort to financiers and the leasing world.
“There is also potential for further increase in the next few weeks as the Minister has directed the Nigeria Civil Aviation Authority (NCAA) to immediately adjust its administrative rules called IDERA.”
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Moshood said this would help to also fully align with the convention to further boost the confidence of financiers and lessors across the world.
In an email received by Keyamo on Wednesday, the Aviation Working Group in London and New York commended the Aviation Minister and his team for the ‘time, effort and skill’ they put in the last few months into making this a reality.
They also said they are poised to further increase the score once Nigeria adjusts its administrative rules in the next few weeks and the courts actually begin to apply the practice direction.
