The African Development Bank (AfDB) has appointed Nigeria’s Aviation Minister and Aerospace Development, Festus Keyamo, as the African Champion to drive its programme to invest substantially in the aviation industry in Africa.
AfDB said it chose Keyamo because of Nigeria’s ‘leadership and vision’ in respect of various policy reforms to transform Nigeria’s Aviation sector.
Daily Trust reported that Keyamo is expected to drive the Integrated Aviation Transformation Program for Africa (IATP) for which African Development Bank has earmarked the sum of $7 billion.
The Integrated Aviation Transformation Programme for Africa is a continent-wide platform designed to modernize Africa’s aviation ecosystem and mobilize private, institutional, and concessional capital.
It seeks to revitalize the industry, as African airlines currently account for less than 3 percent of global air traffic despite housing nearly 18 percent of the global population.
