Aviation Sector Set for Fleet Expansion, Lower Airfares – NCAA

Nigeria’s aviation industry is poised for significant growth, with plans for increased aircraft acquisition expected to boost capacity and reduce ticket prices, the Director-General of the Nigerian Civil Aviation Authority (NCAA), Chris Najomo, has said.

Speaking at the Nigerian Aircraft Acquisition and Investment Summit in Lagos, Najomo noted that financial support from institutions such as Fidelity Bank, particularly in backing Air Peace, has played a key role in stabilising and expanding airline operations.

He added that more financial institutions are entering the aviation financing space, indicating a broader shift in the industry.

Najomo also highlighted ongoing reforms by the Federal Government, led by the Minister of Aviation and Aerospace Development, Festus Keyamo, saying they are beginning to produce results, with noticeable improvements expected within six months.

According to him, Nigerian airlines are increasing their fleets with newer aircraft from global manufacturers like Boeing, Embraer, and Bombardier. He added that the growth extends beyond commercial aviation to the private jet segment, reflecting rising investor confidence.

The NCAA boss revealed that between seven and eight Air Operators’ Certificates (AOCs) have been issued in the past six to nine months, a process that was previously more difficult for operators.

He emphasised that while efforts are being made to improve the ease of doing business, safety standards remain a top priority.

“You will see more modern aircraft coming into the country. We are making operations easier without compromising safety,” he said.

Najomo explained that the expected increase in airline capacity would help open up underserved routes, including regional connections within West Africa.

On ticket pricing, he expressed optimism that increased competition and fleet expansion would lead to more affordable fares.

“Airlines that previously operated just two or three aircraft are now expanding to six or more. With increased capacity, ticket prices will eventually decline,” he said.

He identified Air Peace as Nigeria’s largest carrier, with a fleet of over 20 aircraft, noting its significant role in driving domestic aviation growth.