Just days after the NIGERIA AIR project was suspended, the
Federal government has come out to reveal the reason behind the decision.
According to Federal Government, Nigeria Air was suspended
due to investor apathy. Nigeria’s Minister of Information and Culture, Lai
Mohammed, who addressed journalists on Monday at the Murtala Mohammed
International Airport in Lagos, said investors who were supposed to partner
with the government on the project, were no longer interested.
He further said:-
“If the
understanding of government at the beginning was that the project might be
self-financing or the project would be financed by investors and you think that
such a project can no longer be sponsored by investors, either because they are
not forthcoming or such venture can no longer be viable, the government is at
the discretion to take a decision,” Lai Mohammed said during the official
opening of an in-flight catering facility, the LSG Sky Chefs.
“The position of
government in business is to provide the enabling environment and it is not to
become the sole source of finance or funding and in addition, there is much
more than funding in trying to get our national carrier. So, the Federal
Government thinks this thing should be stepped down now until we get a better
funding structure.”
