Amidst increasing pressures on the three levels of government to increase revenue generation, albeit, non-oil for the federal government and Internally Generated Revenue, IGR, for states and local governments, more unintended negative consequences are surfacing.

Lagos—THE Federal Airport Authority of Nigeria, FAAN, yesterday said international flight operations were disrupted on Saturday night at the Murtala Muhammed International Airport, Lagos because the K16 transformer serving the international terminal of the airport was badly affected by the sudden power surge when light was restored to the airport.

This is absolutely correct considering the rapidly growing population of most African countries. Nigeria, for instance, was a strong agricultural produce exporting country prior to the oil boom era, with very strong export volumes and value in produce like cocoa and rubber. You very well know that the first palm kernel seed planted in Malaysia was taken from Nigeria, and that country today is one of the world’s largest exporters of palm oil. Agricultural funding is gradually increasing via various funding initiatives and I will touch on this as I go on.

Air Peace’s plan to cover more local routes and operate international flights has received a huge boost with the delivery of the new aircraft it recently acquired.
Chairman/Chief Executive Officer of the airline,