Govt should not have controlling shares in new National Carrier – Aligbe

on   /   in Finance 12:08 am   /   Comments

By LAWANI MIKAIRU

The Managing Director, Belujane Konsult and former spokesman of Nigeria Airways, Mr. Chris Aligbe, has cautioned that the Federal Government should not have controlling equity in the proposed Nigerian national carrier.

He said government should not have more than five per cent equity stake in the carrier. This is coming just as he commended the pilot of the MedView plane that made an air return last Sunday on his Abuja-bound flight.

Mr. Aligbe said these while fielding questions from aviation correspondents at Ikeja. He said the only way Nigeria can become a hub in Africa Aviation industry is to have a national carrier that can compete with other foreign airlines coming to the country, but for the airline to succeed, government should not have controlling shares as that will lead to undue interference in the running of the airline.

He said the decision by the government to scrap the defunct Nigeria Airways was a major mistake that has taken the Nigerian aviation industry back. He contended that the defunct airways was inefficient because of corruption, but it was government’s undue interference and control that led to the collapse of the airways.

The Managing Director of Belujene Konsult said; ‘’For the new national carrier to succeed, we must learn from the pitfalls and mistakes of the past. Government should not have controlling equity in the proposed national carrier.  It should not have more than five per cent equity stake. This will reduce the level of control and interference by government.’’

He pointed out that it was a mistake to have invited Virgin Atlantic to come and help Nigeria set up a national carrier.

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