The Minister of Aviation, Senator Hadi Sirika has said that the national carrier is expected to take off by the first quarter in 2022.
The Minister stated this after Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja, on Wednesday.
According to Sirika, the national carrier will be run by a private company in which the government will hold a 5% stake, Nigerian entrepreneurs holding 46% while the remaining 49% will be reserved for yet to be assigned strategic equity partners, including foreign investors.
He further noted that the national carrier, when operational, will create about 70,000 jobs for Nigerians.
Nigeria has been seeking to set up a national airline and develop its aviation infrastructure since the defunct country’s previous national carrier, Nigeria Airways, which was founded in 1958. It ceased to operate in 2003.