Economy

FG announces Nigeria readiness to start producing airplanes before 2023

The Federal Government has announced that production of airplanes in Nigeria will commence before President Muhammadu Buhari leaves office in 2023.

Aviation Minister, Hadi Sirika gave the hint when he paid an inspection visit to the Magnus Aircraft Industry in Pogany, Hungary.

“If we venture with them, we may start with assembling plant and later manufacturing”, James Odaudu, the ministry’s spokesman quoted him in a statement.

Sirika said the Magnus aircraft is lightweight, good for military training, has an aerobatic manoeuvre and made of high-strength composite materials.

The plane, he added, uses normal car petrol and outperforms any training aircraft of its kind.

The minister expressed satisfaction with the features and readiness to facilitate the production in the country, predicting that such development will boost the growth of Nigeria as a regional aviation super power as maintenance and repair facilities will attract patronage from neighbouring countries.

The partnership will be subjected to further analysis to verify the market and government willingness to release a significant amount of money and logistics.

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