News
Disappointments As Nigerian Air Refuses To Fly Amid Aviation Crisis

With about one year to the end of the current administration, the much anticipated Air Nigeria has failed to commence operations despite the promises by President Muhammadu Buhari-led Federal Government.
Air Nigeria, which was established in 2004, was a joint venture between Virgin Group and Nigerian investors before ceasing operations in 2012.
The ‘Presidential Aviation Roadmap’ was launched in 2016, along with a new national carrier aimed at developing cargo airports, a new Maintenance, Repair and Overhaul (MRO) facility, a national leasing company and other initiatives.
In November 2021, the Minister of Aviation, Hadi Sirika, assured that Nigeria Air would be launched in April 2022 after the Federal Executive Council (FEC) gave approval.
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Sirika said Nigeria Air ownership would comprise 49% by equity partners, 46% by Nigerians and 5% by the Federal Government.
President Buhari made the operation of a national airline one of his Presidential campaign promises, setting an initial launch date of 2018 but was pushed to April 2022.
It is believed that Air Nigeria would have cushioned some of the crisis bedevilling the country’s aviation sector. The cost of air travel in Nigeria recently increased astronomically due to the hike in the price of aviation fuel, Jet A1.
The cost of Jet A1 shot up the cost of aviation operations to over 95 percent, thereby causing hardship to passengers.
Speaking on this development, Isaac Balami, the Managing Director and Accountable Manager of 7 Star Global Hangar, said the government would have been more informed about the plight of the aviation sector if Air Nigeria had commenced operations.
Balami stressed that the Nigerian aviation sector would have been better than what it is now if Air Nigeria had been in operation.
Speaking exclusively with DAILY POST, the former National President for Aircraft Pilots and Engineers in Nigeria said: “The aviation sector is not just going to the garage to pick up a new car in Coscharis or Elizade. Aviation is different; even if you have a brand new aircraft manufactured that takes years, you need special equipment and tools to operate them.
You still have to train your pilot, engineers, technicians, air hostess, flight dispatchers, and baggage handlers. So, it has a lot of technicalities which I believe the government has been trying to work on
“Since Nigerian Airways went down, we have been struggling as a nation in terms of training aviation personnel. Aviation is beyond just the airline; when you have a national carrier, the government must not become a flag carrier, an example is American Airline, and Delta Airline; they are not US government-owned, but are privately owned.
“As a matter of fact, British Airways is not 100 percent owned by the government; it’s privately driven.
“So, whether you call it a flag or national carrier, if the government understands what is required of them, then laying the foundation and putting basic things on the ground, it will positively affect the airlines itself and the national leasing company.
“We hope that, as the Minister of Aviation said, it’s going to happen this year before the elections; we want it to work so that jobs will be created. We also want local airlines like Dana, Air peace, and Arik to be carried along, because I don’t think that the issue of having a national carrier is to kill the local domestic carriers that have been there for us all these years.
“You know, aviation is not just about buying cars and starting to drive them to work.”
Belamy also affirmed that Nigerian Air would have cushioned the crisis in the aviation sector if it had been in operation.
READ ALSO: Planned Shutdown Of Airline Operations: Aviation Ministry Working To Engage Stakeholders – Minister
He said: “It will because the government has a stake, even if it’s just 5 percent in the proposed national carrier. If they are there on the board, they would know what is happening and clearly know that things are tight.
“There is nothing wrong with the government having a small stake in feeling what the people are going through. We won’t be where we are if we have a robust flag carrier. There would be some incentives and support that are not happening the way they should, so we wish something better happens soon,” he added.
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.
Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.
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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.
The 24-year-old has two years left on his contract with the Serie A club.
The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.
He has been a regular feature for Lazio this season.
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
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