As the Nigeria Air saga continues to baffle Nigerians and the international community, a Civil Society Organisation, CSO, Concerned Nigerians, CN, Monday, called on President Bola Tinubu, on floating a National Carrier as one of the fastest ways to diversify the economy.
The call was contained in a letter with subject ‘Open Letter To President Bola Ahmed Tinubu on the Nigerian Air Fiasco’ dated July 7, 2023, and signed by the Convener, Concerned Nigerians, CN, where it described the fiasco as fraudulent arrangements and lack of due process in the deal.
READ ALSO: Nigeria’s Economy Need Prayers, Floating Naira Wrong Decision – Primate Ayodele
According to the CSO, the shareholding structure has the likelihood of impacting negatively on the country’s national economy, with very grave consequences for the country’s well-being.
The CSO also condemned the choice of Ethiopian Airlines as the majority shareholder of Nigeria Air, saying “the immediate past administration sanctioned a shareholding structure that saw Ethiopian Air, another nation’s national airline taking over 50% of what purports to be a Nigerian national carrier. An aberration! All over the world, National Carriers are either fully owned or majorly owned by the host countries.”
READ ALSO: Naira Eedesign: International Arrest Warrants Loom For Buhari, Emefiele As Uboh Petitions ICC
The Letter reads in part, “Away from government’s previous misadventures and waste of taxpayers’ money on a fraudulent partnership with Ethiopian Air, it is germane to stress the importance of Nigeria having a National Carrier being the most populous black Nation on earth, as this will attract Foreign direct investments, improve tourism, diversify our economy away from oil, grow our GDP, and even help our economy with the inflow of much needed foreign currency.
Trending video of the day;
Photo Credit: Getty
