Nigeria’s aviation rating has surged to 70.5, reflecting the country’s full compliance with the Cape Town Convention on dry-leasing of aircraft.
This significant increase underscores Nigeria’s commitment to enhancing its aviation standards and attracting global investment.
This was disclosed in a statement signed by the Special Adviser on Media and Communications to the Minister of Aviation and Aerospace Development, Tunde Moshood via the official X account of the Minister on Wednesday.
The Aviation Working Group, co-chaired by Boeing and Airbus, raised Nigeria’s compliance score with the from 49 to 70.5.
This marks the highest score Nigeria has achieved to date, providing reassurance to financiers and the global leasing community.
“The Aviation Working Group (co-chaired by Boeing and Airbus) has today swiftly adjusted the global score/rating of Nigeria on our compliance status from 49 to 70.5.
“This is the largest score Nigeria has attained to date to give comfort to financiers and the leasing world. There is also potential for further increase in the next few weeks as the minister has directed the NCAA to immediately adjust its administrative rules called IDERA to also fully align with the Convention to further boost the confidence of financiers and lessors across the world,” the statement read.
This adjustment follows Nigeria’s decisive move to align with the Cape Town Convention on dry-leasing of aircrafts by preparing and signing the Practice Direction.
The increase in Nigeria’s aviation rating is viewed as a strong vote of confidence from international financiers and lessors in the country’s aviation industry..
In an email to the Nigerian Ministry of Aviation, the Aviation Working Group, based in London and New York, commended the ministry for its efforts in achieving compliance with the Cape Town Convention.
“The Aviation Working Group in London and New York commended the aviation minister and his team for the ‘time, effort and skill’ they put in the last few months into making this a reality.
“They also said they are poised for further increase the score once Nigeria adjusts its administrative rules in the next few weeks and the courts begin to apply the Practice Direction,” the group said.
According to the statement,
further increases in Nigeria’s compliance score are anticipated in the coming weeks.
Moshood said that Minister has directed the NCAA to promptly revise its administrative rules, known as IDERA, to fully align with the Cape Town Convention.
The statement read “In an email received this evening, the Aviation Working Group in London and New York commended the Aviation Minister and his team for the ‘time, effort and skill’ they put in the last few months into making this a reality.
“They also said they are poised for further increase the score once Nigeria adjust its administrative rules in the next few weeks and the courts ACTUALLY begin to apply the Practice Direction,” the statement read in part.
