Chairman CITA, Dr. Thomas Ogungbangbe, emphasized the need for strategic planning, efficient resource allocation, and collaboration for Nigeria’s aviation sector growth. Ogungbangbe chaired the 28th LAAC Annual Conference, stating Nigeria’s aviation sector faces challenges but also tremendous opportunities for growth.
He said the macro-economic environment has severely impacted the Nigerian aviation sector, like many others globally. High fuel costs, poor access to foreign exchange, a weakening currency, and more are just a few of the hurdles the industry must overcome. However, he stressed that these challenges also present a unique opportunity to innovate, collaborate, and drive the industry forward.
Dr. Thomas Ogungbangbe examined infrastructure development, economic activity, and passenger traffic with international comparisons. He emphasized maintaining and improving existing airports rather than investing in new airport projects while neglecting essential infrastructure like roads.
“Nigeria, a nation with a population of approximately 250 million, has over 30 airports. Yet, only three of these airports are financially viable. This stark reality underscores a severe underutilization of our aviation infrastructure and highlights the need for a strategic shift in how we approach aviation sustainability,” he said.
“Passenger traffic in our sector is closely tied to economic activities. A robust economy generates increased business and leisure travel, leading to higher passenger volumes. Therefore, our focus must be on stimulating economic growth and activities that will, in turn, boost demand for air travel. This requires a concerted effort from all stakeholders, including the government, private sector, and international partners,” he added.
He states that Singapore and Hong Kong demonstrate the benefits of focusing on economic activities and strategic investments. Singapore, with a population of 6.03 million, registered 16.5 million passenger movements through Changi Airport in the first three months of 2024. Additionally, Hong Kong, with a population of 7.5 million, recorded a 12-month rolling passenger volume of 44 million. These figures highlight significant potential for passenger traffic when favorable economic conditions align with strategic investments.
To improve aviation survivability in Nigeria, he enjoined the country to stimulate economic growth. “By focusing on policies and investments that stimulate economic growth, including improving road infrastructure, supporting SMEs, and enhancing sectors like tourism and trade that drive air travel demand,” he noted.
He also recommended prioritizing the maintenance and improvement of existing airports and essential infrastructure. “Ensure that funds are allocated efficiently to enhance the overall travel ecosystem. Invite public-private partnerships to invest in and manage airport infrastructure. This can bring in expertise, efficiency, and additional funding to improve airport operations and passenger experience,” he added.
Furthermore, he recommended the development of integrated transportation. “Create integrated transportation plans linking airports with rail and road networks, facilitating easier access and enhancing travel convenience.”
He emphasized marketing Nigeria as a travel destination, including incentives for airlines and campaigns to attract international tourists.
