With N47bn Budget for National Carrier, Analysts Demand Roadmap Qatar, Thai Air, Emirates jostle for technical partner AfreximBank earmarks $300m for investment Chinedu Eze Aviation analysts have demanded from the federal government the roadmap for the planned national carrier, Nigeria Air, which
was suspended indefinitely in September last year but has been allocated N47 billion in the 2019 budget. The experts demanded details of the process and plans on how the federal
government wants to succeed with the project after it was suspended last year. THISDAY gathered from industry sources that although the plan to establish the airline was suspended last year, the
government had continued to carry on with the initiative underground. According to investigation, the government is currently negotiating with international carriers to select a technical
partner for the planned national carrier. Also, THISDAY learnt that AfreximBank has held talks with the federal government and expressed willingness to provide $300 million to
support the project. Aviation industry consultant and Chief Executive Officer of Belujane Konsult, Mr. Chris Aligbe, who is privy to the Continued on page 8
FG Reviews National Security Strategy, Ties with Allies... Page 9 Friday 31 May, 2019 Vol 24. No 8817. Price: N250
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TODAY'S WEATHER
ABUJA 25°C-33°C
MAIDUGURI 31°C-31°C
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Senate: N11tn Spent on Fuel Subsidy in Six Years Approves N129.048bn for payment of 67 oil marketers Holds valedictory session on June 6 Asks FG not to downgrade Enugu Airport Leader accuses wealthy Nigerians of buying court judgments Deji Elumoye in Abuja The Senate yesterday disclosed that the federal government spent not less than N11 trillion on fuel subsidy in the last six years. The Senate also approved the payment of N129,048,358,444.11 as final subsidy arrears payment to
67 oil marketing companies. It also yesterday adjourned sitting till June 6 when the National Assembly is billed to hold its valedictory session. The Senate’s approval of oil subsidy claims was sequel to the presentation of the report of the Senator Kabir Marafa-led Continued on page 9
Rescind Revocation of Firearms Licences, House Urges Buhari Shola Oyeyipo in Abuja The House of Representatives yesterday demanded a reversal of the Executive Order signed by President Muhammadu Buhari revoking firearms or short gun licences in the interest of Nigerians who will be left vulnerable and be at the mercy of criminals, terrorists,
bandits and kidnappers. The demand followed the passage of a motion of urgent national importance on the need for the president to rescind the executive order to remove, revoke and banish all firearms certificates and licences throughout the country Continued on page 8
RENDERING ACCOUNT... L-R: Managing Director/CEO, May & Baker Plc, Mr. Nnamdi Okafor; Chairman, Lt. Gen. Theophilus Danjuma (rtd); and Company Secretary, Mrs. Adetoun Abiru, during the 68th Annual General Meeting of the company in Lagos… yesterday sunday adigun
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