Connect with us
Access ARM Pensions Exceeds N4trn AUM Post-Merger Asset  Access ARM Pensions Exceeds N4trn AUM Post-Merger Asset 

Access ARM Pensions Exceeds N4trn AUM Post-Merger Asset 

Access ARM Pensions, a subsidiary of Access Holdings, has exceeded the N4 trillion mark in assets under management (AUM), marking...

DMO Bond Auction DMO Bond Auction
MARKETS AND ECONOMY2 days ago

Federal Government to Raise N900 Billion Through Bond Auction
Nigeria’s Inflation Decline Nigeria’s Inflation Decline
News4 days ago

Nigeria’s Inflation Decline to 15.15% in December 2025 Ignites Questions of Sustainability  
Equities Investors Gain N3.84 Trillion in First Full Trading Week of 2026 Equities Investors Gain N3.84 Trillion in First Full Trading Week of 2026
MARKETS AND ECONOMY2 weeks ago

Equities Investors Gain N3.84 Trillion in First Full Trading Week of 2026
Centre Spotlights Catalysts for Nigeria’s Economic Expansion in 2026 Centre Spotlights Catalysts for Nigeria’s Economic Expansion in 2026
MARKETS AND ECONOMY4 weeks ago

Centre Spotlights Catalysts for Nigeria’s Economic Expansion in 2026

Advertisement

MARKETS AND ECONOMY

Nigeria's economic growth 2026
MARKETS AND ECONOMY3 days ago

At 4.4%, Nigeria’s Economy to Outpace Global Growth Average in 2026 – IMF

Nigeria is expected to record stronger economic growth than the global average in 2026, reinforcing its position as a key...

Annual Tax Returns Filing Annual Tax Returns Filing
General1 week ago

LIRS Reiterates January 31st Deadline for Employers’ Annual Tax Returns Filing
Changes in tax act Changes in tax act
Analyst Insight1 week ago

The Nigeria Tax Act: Some Important Changes in The Final Gazette – And Why It Matters for Businesses

$1tn Global Airline Revenue
Aviation2 weeks ago

Africa Aviation Eyes Gains from Historic $1tn Global Airline Revenue Boom
How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector
MARKETS AND ECONOMY3 weeks ago

How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector
World Bank Approves $500m To Expand Finance For MSMEs In Nigeria
MARKETS AND ECONOMY1 month ago

World Bank Approves $500m To Expand Finance For MSMEs In Nigeria
Tinubu Reconstitutes NERC Board, Appoints Oseni as Chairman, Ali as Vice Chairman
Appointments1 month ago

Tinubu Reconstitutes NERC Board, Appoints Oseni as Chairman, Ali as Vice Chairman
November Inflation in Nigeria
MARKETS AND ECONOMY1 month ago

Nigeria’s Inflation Moderates to 14.45% in November
Dangote Vision 2030
Education1 month ago

Vision 2030: Dangote Targets $100bn Revenue and Global Top-100 Ranking

More MARKETS AND ECONOMY

Tech World

NCC To Rollout Satellite-To-Phone Technology For 23.3M Nigerian
Telecoms2 days ago

NCC to Rollout Satellite-to-Phone Technology for 23.3m Nigerians

The Nigerian Communications Commission (NCC) has said it will leverage satellite technology to expand mobile coverage to an estimated 23.3...

AI Adoption in Nigeria AI Adoption in Nigeria
TECH WORLD2 days ago

Nigerians Leading Global AI Adoption as 88% Use Chatbots, Google Survey Shows
TECH WORLD1 week ago

BDIC Partners Cisco Networking Academy to Train Benue Youths in Digital Skills

Africa Start-up Funding
TECH WORLD1 week ago

2025: How Kenya, Egypt, S/Africa and Nigeria Capture 82% of Africa Start-up Funding
NCC, CBN Introduce 30-Second Refund Rule for Failed Airtime and Data Purchases
Telecoms2 weeks ago

NCC, CBN Introduce 30-Second Refund Rule for Failed Airtime and Data Purchases
ipNX Shines at ATCON Inaugural Telecoms Excellence Awards
Appointments1 month ago

ipNX Shines at ATCON Inaugural Telecoms Excellence Awards
FULL LIST: Nigeria Shines at 2025 TikTok Awards as Creators Sweep Six Categories
Social Media2 months ago

FULL LIST: Nigeria Shines at 2025 TikTok Awards as Creators Sweep Six Categories
The Emerging Trust Deficit in Africa’s Digital Economy
TECH WORLD2 months ago

The Emerging Trust Deficit in Africa’s Digital Economy
MYai Robotics Curation AI
TECH WORLD2 months ago

Nigerian-led Startup Builds Curation AI, World’s First Engine for Real-Time Authentication, Opinion Intelligence

More Tech World

MEDIA OUTREACH

Palmpay promo Palmpay promo
MEDIA OUTREACH1 week ago

PalmPay, Premier Cool Launch N100m Campaign to Reward Nigerians
ipNX Shines at ATCON Inaugural Telecoms Excellence Awards ipNX Shines at ATCON Inaugural Telecoms Excellence Awards
Appointments1 month ago

ipNX Shines at ATCON Inaugural Telecoms Excellence Awards

MEDIA OUTREACH1 month ago

Nigerian prominent politicians, business tycoons grace Unique Mall opening in Ibadan
MEDIA OUTREACH1 month ago

PalmPay Announces N400 Million Festive Rewards Campaign with Global Travel Prizes
PalmPay Executes Nigeria’s First Live Transaction on the National Payment Stack PalmPay Executes Nigeria’s First Live Transaction on the National Payment Stack
Fintech2 months ago

PalmPay Executes Nigeria’s First Live Transaction on the National Payment Stack
ATAEx Awards ATAEx Awards
MEDIA OUTREACH2 months ago

ATAEx Awards 2025 Poised to Celebrate Outstanding Innovation, Leadership and Impact

Finance

MTN’s MoMo PSB Expands Cross-Border Transfers to More African Countries  MTN’s MoMo PSB Expands Cross-Border Transfers to More African Countries 
Fintech2 days ago

MTN’s MoMo PSB Expands Cross-Border Transfers to More African Countries 
Nigerian Banks Set New Target to Respond to Frauds Nigerian Banks Set New Target to Respond to Frauds
Finance2 days ago

Nigerian Banks Set New Target to Respond to Frauds

The Missing Pieces in Nigeria’s Banking Recapitalisation The Missing Pieces in Nigeria’s Banking Recapitalisation
Analyst Insight1 week ago

The Missing Pieces in Nigeria’s Banking Recapitalisation
5 Smart Ways Nigerians Use PalmPay Every Day 5 Smart Ways Nigerians Use PalmPay Every Day
Fintech3 months ago

5 Smart Ways Nigerians Use PalmPay Every Day
Banks' Impairment Charges Banks' Impairment Charges
Banking3 months ago

Banks’ N1.96Trn Black Hole: Who Took the Loans, Who Defaulted, and Why the Real Economy Suffers
FirstBnak Abuja Xperience Centre FirstBnak Abuja Xperience Centre
Banking4 months ago

First Bank Deepens Digital Banking Footprint with Launch of Abuja Xperience Centre

VIEWPOINTS

How Policy Flip-Flops Are Making Nigerians Poorer How Policy Flip-Flops Are Making Nigerians Poorer
Opinion2 days ago

How Policy Flip-Flops Are Making Nigerians Poorer

By Blaise Udunze Nigeria’s deepening poverty crisis is no longer speculative; it is now statistically inevitable. Although the latest Consumer...
Editorial: Nigeria Must Harness the Aviation Boom to Propel Its $1 Trillion Economy Dream As global airlines approach the historic threshold of USD 1 trillion in annual revenues, a defining moment has arrived for Nigeria and the broader African aviation sector. What looks like a financial landmark on the world stage is, for Nigeria, a strategic opportunity to restructure and reposition its economy for rapid growth. According to the International Air Transport Association (IATA), the world’s airlines are projected to surpass $1 trillion in revenues, underpinned by resilient passenger demand and expanding trade flows. This milestone reflects not only a recovery from pandemic lows but a robust global appetite for air connectivity, cargo movement and international exchange. For Nigeria, which is targeting a $1 trillion economy, the aviation boom offers more than symbolic alignment, it opens pathways that can accelerate diversification, jobs creation and deeper integration into the global economy. Why Aviation Matters for Nigeria’s Economic Ambition At present, air transport directly contributes around $702 million in economic output and supports 39,500 direct jobs, according to IATA’s latest data. This accounts for about 0.2 per cent of Nigeria’s GDP. When broader effects across the supply chain, tourism and employee spending are included, aviation’s total annual contribution rises to approximately $2.5 billion, supporting over 217,000 jobs nationwide. These figures might appear modest against the backdrop of a $1 trillion GDP target, but they mask aviation’s catalytic role across multiple value chains. Aviation is not just about flights; it is about connectivity, competitiveness and commerce. Air transport enables rapid movement of people, goods and ideas. This feature is indispensable for a modern economic ecosystem. Unlocking Strategic Value: Three Priority Areas First, boost trade via cargo transport. Africa’s integration into global supply chains has often been hindered by logistics bottlenecks and slow sea freight corridors. The robust growth in air cargo, itself a response to tariff adjustments and supply-chain shifts — demonstrates the value of speed and reliability. Nigeria, with its large industrial and agricultural output, can capitalise on this by expanding cargo capacity, streamlining customs processes, and developing hubs that link West Africa to Asia, Europe and the Americas. Second, leverage tourism and hospitality linkages. Aviation’s role in enabling tourism is already visible and feasible: international visitors to Nigeria contribute an estimated $760 million annually through local spending on goods, services and experiences. Beyond direct airline revenues, this ripple effect touches hotels, transport services, cultural sites and retail — sectors critical to inclusive growth. If Nigeria can enhance visa facilitation, improve air connectivity and showcase its cultural assets, tourism-linked aviation can become a powerful engine of jobs and foreign exchange. Third, strengthen domestic and regional connectivity. Nigeria’s aviation ecosystem, with nearly 40 certified airlines and more than 30 airports, possesses the basic infrastructure for growth. What it lacks is seamless integration across domestic and intra-African routes, an area where initiatives like the Single African Air Transport Market (SAATM) and improved regulatory harmonisation can pay dividends. A more connected Nigeria fosters business linkages, reduces travel costs, and opens domestic markets to regional investors and consumers alike. Addressing Structural Challenges To translate global aviation momentum into tangible economic gains, Nigeria must address persistent barriers. High operating costs, inefficient regulatory frameworks and limited access to capital have hindered airline competitiveness and sidelined private investment. Policies that create a predictable and cost-efficient operating environment — including tax incentives, modernised infrastructure financing, and capacity building for critical skills — will be essential. Leadership in policy is equally important to see Nigeria’s national aviation strategy explicitly align with industrial and trade plans for 2030. Strategic aviation policies should integrate with tourism, manufacturing and export promotion frameworks, enabling air transport to function as an economic multiplier rather than a standalone sector. Conclusion: From Momentum to Measurable Impact The global aviation industry’s ascent towards a $1 trillion revenue era is not a distant spectacle; it is a present reality with clear implications for Nigeria’s development path. Rather than view aviation solely as an operational service, policymakers should see it as a strategic asset capable of accelerating Nigeria’s journey to a $1 trillion economy. By expanding cargo corridors, boosting tourism linkages and strengthening domestic and regional connectivity, Nigeria can transform aviation from a modest contributor into a dynamic engine of economic transformation. Done well, aviation can help Nigeria leapfrog structural constraints, diversify growth, and deepen its integration into the global economy — exactly the outcomes its trillion-dollar ambition demands. Editorial: Nigeria Must Harness the Aviation Boom to Propel Its $1 Trillion Economy Dream As global airlines approach the historic threshold of USD 1 trillion in annual revenues, a defining moment has arrived for Nigeria and the broader African aviation sector. What looks like a financial landmark on the world stage is, for Nigeria, a strategic opportunity to restructure and reposition its economy for rapid growth. According to the International Air Transport Association (IATA), the world’s airlines are projected to surpass $1 trillion in revenues, underpinned by resilient passenger demand and expanding trade flows. This milestone reflects not only a recovery from pandemic lows but a robust global appetite for air connectivity, cargo movement and international exchange. For Nigeria, which is targeting a $1 trillion economy, the aviation boom offers more than symbolic alignment, it opens pathways that can accelerate diversification, jobs creation and deeper integration into the global economy. Why Aviation Matters for Nigeria’s Economic Ambition At present, air transport directly contributes around $702 million in economic output and supports 39,500 direct jobs, according to IATA’s latest data. This accounts for about 0.2 per cent of Nigeria’s GDP. When broader effects across the supply chain, tourism and employee spending are included, aviation’s total annual contribution rises to approximately $2.5 billion, supporting over 217,000 jobs nationwide. These figures might appear modest against the backdrop of a $1 trillion GDP target, but they mask aviation’s catalytic role across multiple value chains. Aviation is not just about flights; it is about connectivity, competitiveness and commerce. Air transport enables rapid movement of people, goods and ideas. This feature is indispensable for a modern economic ecosystem. Unlocking Strategic Value: Three Priority Areas First, boost trade via cargo transport. Africa’s integration into global supply chains has often been hindered by logistics bottlenecks and slow sea freight corridors. The robust growth in air cargo, itself a response to tariff adjustments and supply-chain shifts — demonstrates the value of speed and reliability. Nigeria, with its large industrial and agricultural output, can capitalise on this by expanding cargo capacity, streamlining customs processes, and developing hubs that link West Africa to Asia, Europe and the Americas. Second, leverage tourism and hospitality linkages. Aviation’s role in enabling tourism is already visible and feasible: international visitors to Nigeria contribute an estimated $760 million annually through local spending on goods, services and experiences. Beyond direct airline revenues, this ripple effect touches hotels, transport services, cultural sites and retail — sectors critical to inclusive growth. If Nigeria can enhance visa facilitation, improve air connectivity and showcase its cultural assets, tourism-linked aviation can become a powerful engine of jobs and foreign exchange. Third, strengthen domestic and regional connectivity. Nigeria’s aviation ecosystem, with nearly 40 certified airlines and more than 30 airports, possesses the basic infrastructure for growth. What it lacks is seamless integration across domestic and intra-African routes, an area where initiatives like the Single African Air Transport Market (SAATM) and improved regulatory harmonisation can pay dividends. A more connected Nigeria fosters business linkages, reduces travel costs, and opens domestic markets to regional investors and consumers alike. Addressing Structural Challenges To translate global aviation momentum into tangible economic gains, Nigeria must address persistent barriers. High operating costs, inefficient regulatory frameworks and limited access to capital have hindered airline competitiveness and sidelined private investment. Policies that create a predictable and cost-efficient operating environment — including tax incentives, modernised infrastructure financing, and capacity building for critical skills — will be essential. Leadership in policy is equally important to see Nigeria’s national aviation strategy explicitly align with industrial and trade plans for 2030. Strategic aviation policies should integrate with tourism, manufacturing and export promotion frameworks, enabling air transport to function as an economic multiplier rather than a standalone sector. Conclusion: From Momentum to Measurable Impact The global aviation industry’s ascent towards a $1 trillion revenue era is not a distant spectacle; it is a present reality with clear implications for Nigeria’s development path. Rather than view aviation solely as an operational service, policymakers should see it as a strategic asset capable of accelerating Nigeria’s journey to a $1 trillion economy. By expanding cargo corridors, boosting tourism linkages and strengthening domestic and regional connectivity, Nigeria can transform aviation from a modest contributor into a dynamic engine of economic transformation. Done well, aviation can help Nigeria leapfrog structural constraints, diversify growth, and deepen its integration into the global economy — exactly the outcomes its trillion-dollar ambition demands.
Editorials2 weeks ago

Editorial: Nigeria Must Harness Aviation Boom to Propel Its $1 Trillion Economy Dream

As global airlines approach the historic threshold of USD 1 trillion in annual revenues, a defining moment has arrived for...
How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector
MARKETS AND ECONOMY3 weeks ago

How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector

By BLAISE UDUNZE Nigeria’s new tax identification portal goes live nationwide tomorrow, Friday, January 1, 2026, marking a pivotal moment...
feature feature
Analyst Insight2 months ago

A Nation on Alert: Is FIRS’ Xpress Payments Move Consolidating a Revenue Cartel?

BY BLAISE UDUNZE Nigeria’s national mood is tense. The country is facing economic hardship, insecurity, public distrust in institutions, and...
The Emerging Trust Deficit in Africa’s Digital Economy The Emerging Trust Deficit in Africa’s Digital Economy
TECH WORLD2 months ago

The Emerging Trust Deficit in Africa’s Digital Economy

By Kayode Aladesuyi Globally, a 30-second clip of a CEO’s video or voice note, captured casually from a public interview...
Africa’s Largest Economy Africa’s Largest Economy
Opinion2 months ago

Is Nigeria Economically Broke? Challenges and Opportunities in Africa’s Largest Economy

BY BLAISE UDUNZE Is Nigeria, Africa’s largest economy, economically broke? It is a question no patriotic citizen wants to confront,...

General News

Khaled Salah AVEVA
Appointments2 days ago

AVEVA Appoints Khaled Salah as Vice President of Africa

AVEVA, a global leader in industrial software, driving digital transformation and sustainability, today announces the appointment of Khaled Salah, 37 years...

Lagos Earmarks N2.337 Trillion for Capital Projects as Sanwo-Olu Assents to N4.4 Trillion 2026 Budget Lagos Earmarks N2.337 Trillion for Capital Projects as Sanwo-Olu Assents to N4.4 Trillion 2026 Budget
General3 days ago

Lagos Pledges N2.337 Trillion Capital Projects as Sanwo-Olu Assents to N4.4 Trillion 2026 Budget
Board Members Club of Abeokuta Lifts Students with Back-to-School Support in Abeokuta Board Members Club of Abeokuta Lifts Students with Back-to-School Support in Abeokuta
Education5 days ago

Board Members Club of Abeokuta Lifts Students with Back-to-School Support in Abeokuta

PalmPay Executes Nigeria’s First Live Transaction on the National Payment Stack
News2 weeks ago

Palmpay Opens New Office in Lagos to Deepens Long-Term Commitment
Tinubu Reconstitutes NERC Board, Appoints Oseni as Chairman, Ali as Vice Chairman
Appointments1 month ago

Tinubu Reconstitutes NERC Board, Appoints Oseni as Chairman, Ali as Vice Chairman
Nigeria’s Inflation Decline
News1 month ago

IMPI Hinges 14% Year-End Inflation Forecast on Tinubu Reforms.
November Inflation in Nigeria
MARKETS AND ECONOMY1 month ago

Nigeria’s Inflation Moderates to 14.45% in November
PalmPay’s MD Chika Nwosu
News1 month ago

PalmPay’s MD Chika Nwosu Calls for Deeper Financial Inclusion at CeBIH Annual Conference 2025
Dangote Vision 2030
Education1 month ago

Vision 2030: Dangote Targets $100bn Revenue and Global Top-100 Ranking

More General News

More News

mebookshelfandi