By Favour Nnabugwu
ABUJA- President Muhammadu Buhari, yesterday said that the world aviation was a major economy force to be reckoned with adding that air transport sector provided a total of 62.7 million jobs globally.
The President at the 3rd International Civil Aviation Organisation (ICAO) World Aviation Forum with theme: Financing the Development of Aviation infrastructure’ in zAbuja, further estimated that the Aviation industry reached $2.7 trillion dollars and 73.5% of the Gross Domestic Produce (GDP) in 2014.
Represented by the Vice president, Prof Yemi Osinbajo, explained that the quoting estimate gross profit air traffic third action growth,adding that the reports note that 2/3 economy impacted on the global aviation industry.
He further explained that the 2017 aviation benefit reported that current forecast indicated that the air traffic volume will double in the next 15 years ,characterised by 4.6% annual growth rate for passenger traffic and 4.4% for trade traffic.
“Air transportation industry provided 9.9 million air jobs, airlines, air navigation, service providers and airports directly employed 3 million people.”
He said, “The civil aerospace centre employed 1.1milluin people, while 5.5 million worked in various Airport positions in 2014.”
Speaking earlier, the Minister of State for Aviation, Sen.. Hadi Sirika, explained that this year’s forum, could not have been more apt, considering the infrastructure deficit facing the aviation sector not only in Nigeria but in most part of the world.
Sirika stated that according to the Integrated Infrastructure Master Plan (NIMP),$775 billion is required to develop Nigeria’s transport over the next 30 years.
“Along the same line, the African Development Bank (AFDB) estimate $35bilkion from 2010 to 2020, this course is focused on four broad sectors i.e transportation and transport infrastructure, electricity, rural access, water sanitation and ICT. ,” he said.
Also, the president of the African Development Bank, Dr. Akinwunmi Adesina, also said they provided $600 million to support the government to address its budget deficit challenges and stand ready to continue to fully support the government as it embarks on efforts to diversify the economy and raise the revenue profiles and productivity of the non-oil sectors.
He said “Air transport promotes trade, investments andtourism, and boosts economic growth. Today, Africa’s aviation industry adds $73 billion to the continent’s annual GDP and employs about 7 million people – an average 130,000 people per country in Africa. And that’s a lot!
“With rapidly increasing population, urbanization and income growth for the middle class, the aviation industry is projected to grow by 5% annually for the next 20 years. From serving 120 million passengers in 2015, the industry will triple and serve over 300 million passengers by 2035,” he said.