Sunday, February 23, 2025
31.7 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

LASAA Addresses Community Concerns over Billboard Safety at Abati Barrack

The Lagos State Signage and Advertisement Agency (LASAA) is...

AIICO Celebrates Outstanding Agency Field Force at 2025 Annual Awards Night

Left - Right: Mr. Adewale Kadri (Executive Director, Technical),...

Is the CBN Pushing Nigerians Back into the Banking Halls? 

By Elvis Eromosele  Public institutions in Nigeria have a knack...

Fidelity Bank Enhances Educational Facilities in Benin, Abuja

Fidelity Bank Plc, a leading financial institution, has once...

NCDMB Chief Visits Samsung, Africoat, Insists on Patronage of Local Facilities

The Executive Secretary, Nigerian Content Development and Monitoring Board...

Topics

AIICO Insurance Grows GWP by 21.4% to N45.5bn in H1 2022 

AIICO Insurance Plc, foremost and most resilient insurance services...

ADB, EIB Launch €150m Fund to Finance 1500 African SMEs

The European Investment Bank (EIB) and the African Development...

7 Major Challenges Facing Real Estate Sector in Nigeria

Nigeria, the acclaimed "Giants of Africa," has maintained its...

Polaris Bank Partners Amtis Skills Place to Empower Young, Next Generation Designers

In its determination to produce the next generation of...

Apple Eyes 4,000 Indian Experts to Boost Maps Service

Apple has opened a new office in Hyderabad that...

Linkage Assurance Names Joshua Fumudoh New Chairman

Linkage Assurance Plc has announced the appointment of Chief...

Stanbic IBTC Set for 3rd Edition of Youth Leadership Series

Stanbic IBTC Holdings PLC, a member of Standard Bank...

Signal Alliance, Cisco Engage Firms on Technology Investment

L-R: Chukwu Sunday, Ecobank Head of Networks; Eneje Nicholas,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img