In a bid to address Nigeria’s trade deficit with the United Kingdom, the federal government has unveiled plans to bolster trade, investment, and collaboration between the two nations.
This initiative comes as Air Peace, a prominent Nigerian carrier, marked its inaugural flight to London-Gatwick, signalling a significant milestone in bilateral relations.
The Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, emphasised Nigeria’s commitment to reversing the negative trade balance with the UK.
Speaking at the Murtala Muhammed International Airport in Lagos during the ceremony, she underscored the importance of Air Peace’s entry into the London route, citing it as a catalyst for economic growth, job creation, and the empowerment of local businesses.
“With Air Peace, you choose to invest in Nigeria,” remarked Minister Uzoka-Anite, highlighting the potential for the airline to reshape trade dynamics between the two countries. She cited recent trade figures, revealing a trade deficit of £30.8 million in December 2023, as a motivation to pursue avenues for enhancing Nigeria’s exports.
Echoing these sentiments, the Minister of Aviation and Aerospace Development, Festus Keyamo, emphasised the positive impact of Air Peace’s presence in London. He hailed the airline’s role in lowering fares and strengthening the naira by minimising the need for foreign currency repatriation.
Keyamo assured that the government stands ready to support indigenous carriers like Air Peace, pledging to address any challenges that may arise, including potential aero-political hurdles. He reiterated the government’s commitment to facilitating a conducive environment for local airlines to thrive.
Allen Onyema, Chairman of Air Peace, reiterated the airline’s dedication to serving the Nigerian market and alleviating the financial burden on travellers. He announced plans for daily flights to London, underscoring Air Peace’s expanding international footprint.
Capt. Chris Najomo, Acting Director-General of Civil Aviation, advocated for increased support for indigenous airlines, proposing a ‘fly Nigeria Act’ to promote domestic carriers for international travel.
As Air Peace embarks on its London route journey, expectations are high for the airline to not only transform air travel dynamics but also contribute to reshaping Nigeria’s trade landscape with the United Kingdom.
