Cape Town Convention: Nigeria's Aviation Sector Gets Global Recognition

Nigeria's Aviation Gets Global Boost

“Based on that important legal development, AWG has swiftly and materially increased the Nigeria CTC...”

Nigeria meets international standards: aviation rating rises Post-Cape Town convention compliance.

Nigeria's global rating in the aviation sector has taken a significant leap, jumping from 49 to 70.5 points, following the country's adoption of the Cape Town Convention on dry-leasing of aircraft. This milestone was achieved after Nigeria prepared and signed the Practice Direction, a crucial step towards aligning with international aviation standards.

Festus Keyamo, the Minister of Aviation and Aerospace Development, confirmed this development on Wednesday, highlighting the country's commitment to enhancing its aviation industry. According to Tunde Moshood, Special Adviser on Media and Communications to Keyamo, the upgraded rating was communicated to the ministry via email by the Aviation Working Group, a prestigious organization co-chaired by Boeing and Airbus, with offices in London and New York.

This achievement is a testament to Nigeria's efforts to strengthen its aviation sector and improve its global standing. By joining the Cape Town Convention, Nigeria has demonstrated its dedication to ensuring the highest standards of safety, security, and efficiency in its aviation industry. This development is expected to boost investor confidence, enhance economic growth, and provide better services for air travelers in Nigeria.

A copy of the email revealed Jeffrey Wool, Aviation Working Group's Secretary General, as the signatory. This development marks a significant milestone for Nigeria, achieving its highest-ever rating to date, providing assurance to financiers and leasing entities.

According to Aviation Minister Festus Keyamo, this accomplishment underscores Nigeria's potential for an even higher rating in the near future. To capitalize on this momentum, Keyamo has instructed the NCAA to update its IDERA administrative rules, aligning them with the Cape Town Convention. This strategic move aims to bolster confidence among global aircraft financiers and lessors.

“Thank you (and your colleagues) for the time, effort and skill over the past months on the Practice Direction, issued late last week,” the Aviation Working Group letter to Keyamo said.

“Based on that important legal development, AWG has swiftly and materially increased the Nigeria CTC compliance index score from 49 to 70.5.”

Nigeria's aviation score is set to soar even higher. The Aviation Working Group has announced plans to further boost the country's rating once Nigeria updates its administrative rules and courts start implementing the Practice Direction in the coming weeks. This development follows Nigeria's significant leap in global aviation rating, jumping from 49 to 70.5 points after joining the Cape Town Convention on dry-leasing of aircraft.

The Aviation Working Group's promise is a vote of confidence in Nigeria's efforts to enhance its aviation industry. By aligning its administrative rules with international standards and enforcing the Practice Direction, Nigeria is poised to attract more investors and lessors in the aviation sector. This move is expected to improve the country's economic growth and provide better services for air travelers.

The Ministry of Aviation and Aerospace Development, led by Festus Keyamo, has been instrumental in driving these reforms. Keyamo has directed the Nigerian Civil Aviation Authority (NCAA) to adjust its administrative rules, known as IDERA, to fully align with the Cape Town Convention. This strategic move aims to bolster confidence among global aircraft financiers and lessors.