The Federal Government has approved April 2022 as the official date for the commencement of the operations of much-awaited Nigeria Air.
Sirika, along with Ministers of Transportation, finance, Budget and National Planning, Rotimi Amaechi and Dr Zainab Ahmed, respectively, spoke after the weekly Federal Executive Council, FEC meeting.
The meeting was presided by President Muhammadu Buhari in the Presidential Villa, Abuja, on Wednesday.
According to Sirika, the majority shares of 49 per cent of the Nigeria Air project will be owned by strategic equity partners, 46 per cent by Nigerians, while the Federal Government will own 5 per cent of the shares.
The minister revealed that the council also approved N1.49 billion for the provision of Automated Civil Aviation Regulatory Equipment to be located at Nnamdi Azikiwe International Airport.
He noted that the national carrier, when operational, will create about 70,000 jobs for Nigerians.
The minister had said that the airline would fly about 81 routes, 40 for domestic, regional and sub-regional and 41 for international.
“This is the sixth time the memorandum appeared before the council.
“The structure of the proposed airline – Federal Government would be owing not more than five per cent. So, five per cent is the maximum equity that government would take.
“Then, 46 per cent would be owned by Nigerian entrepreneurs. So, if you add that is 51 per cent. So, 51 per cent majority shareholding by Nigerians.
“And then, 49 per cent will be held by strategic equity partners.”
On his part, the Minister of Transportation Rotimi Amaechi said the cabinet approved over six billion for the award of contract to provide training, logistics, operational equipment and maintenance for the deep blue project.