Thursday, May 1, 2025
27.5 C
Lagos

African Aviation Generates $80bn in GDP Per Year

· Carries 70m Passengers
· Creates 6. 9m Jobs

The International Air Transport Association (IATA) announced the theme for the 2016 Aviation Day Africa (Abuja, Nigeria, May 23 – May 24, 2016): “Driving African Economies through the Power of Aviation.”

The conference will bring together regional stakeholders to address current issues affecting aviation in Africa including the proliferation of taxes and charges, public-private partnerships, aviation, safety, security, next generation airports and market connectivity.

Aviation in Africa carries over 70 million passengers a year, supports more than 6.9 million jobs on the continent and generates over $80 billion in GDP. Over the next five years the African economy is forecast to grow at a strong 4.7% per year, well above the global average rate. For the continent to realize its full economic potential, aviation – particularly commercial air transport – must be prioritised.

Raphael Kuuchi, Vice-President Africa, IATA said: “Governments and organisations need to focus not only on national issues but also on the strategic development of pan-African aviation. Policies that promote investment in air transport infrastructure, improve safety and enhance air connectivity must be implemented. Aviation has the potential to make a much more significant contribution to economic growth and development within the continent if its power is unleashed.”

“The conference is a great opportunity for Africa’s key stakeholders to debate the industry’s most pressing issues and align actions to address the challenges. Through harnessing the power of aviation we will be helping to build a brighter future—not only for individual airlines and the air transport industry, but for all Africans, who will benefit with greater prosperity through jobs and opportunities,” said Hussein Dabbas, IATA’s Regional Vice-President for Africa and The Middle East.

The Africa Day Conference speaker line-up reflects a broad spectrum of aviation stakeholders from governments, policy makers, regulators, airlines and manufacturers.

spot_img
spot_img
spot_img

Hot this week

emPLE Unveils BETA Life: A Three-in-One Endowment Plan for Smarter Savings and Protection

emPLE Life Assurance Limited has announced the launch of...

STI CEO, Soyinka, Lauds Nigerian Workers on May Day

As the world marks this year’s edition of Workers’...

NGX Group, Min of Industry, Trade and Investment, Collaborate to Advance Economic Transformation

Nigerian Exchange Group Plc (NGX Group) recently hosted the...

Inspenonline Summit to Stimulate Interest for Good Retirement

The 2025 Inspenonline Retirement Summit is aimed at stimulating...

Banks, Telecoms, Mobility Brands Dominate Q1 2025 Media Performance Charts

Following the Central Bank of Nigeria’s directive to harmonize...

Topics

Dangote Cement Denies Running Sales Promo, to Prosecute Peddlers of Falsehood

Management of Dangote Cement Plc has denied reports in...

CNG Adoption: NNPC Retail Educates 1,000 Auto Mechanics

As part of its efforts to accelerate the adoption...

Olashore: ‘Economy on Track to Greatness Despite Challenges’

The Chairman of Lead Advisory Partners, Prince Abimbola Olashore...

NEXIM, Heritage Bank CEOs for FICAN Workshop on Non-Oil Sector

The Managing Directors of Heritage Bank Limited and Nigerian...

NCC Boss, Umar Danbatta to Deliver Keynote Address at SUPERNEWS Confab April 27

The Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC), Professor Umar...

CBN, NDIC, FinTechs Set for 2018 FICAN Conference

The 2018 annual conference of the Finance Correspondents Association...

Nigeria Tops WA Hotel Projects with 77%

West Africa has been at the heart of the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img