The Chairman, Senate Committee on Aviation, Senator Smart Adeyemi, had at the opening of a three-day public hearing on the six executive bills meant to reorganise the civil aviation agencies in the country, made a case for bailout for the sector.
The minister said the airline operators would get N4bn while other businesses in the aviation sector would be given N1bn.
He said, “The Federal Government has approved N4bn as bailout for the airlines and N1bn for other businesses within the civil aviation.
“We are already putting arrangements for the disbursement in place and once we start, it would be transparently done.”
Adeyemi said the N4bn approved for the airline operators was too small, going by what was happening globally in the aviation sector.
He said, “If we really want to keep the airline operators in business, and we don’t want them to close shops and go home, the Federal Government should shore up the amount.
Responding to Adeyemi’s submissions, the minister admitted that the amount was small but added that the National Assembly would need to play a crucial role to increase the amount approved.”
Reacting to the House of Representatives’ suspension of the proposed concession of four airports by the Aviation Ministry, Sirika said the action was taken in error.
He said the essence of the executive bills was to address the genuine concerns of all the stakeholders in the aviation industry.