Few sectors wear the bruises of Nigeria’s foreign exchange mismanagement over the years as visibly as aviation.
With nearly all costs denominated in dollars– from aircraft leasing to insurance and spare parts– the relentless decline of the naira has clipped the wings of growth in a country of over 200 million people.
Industry veterans and analysts interviewed by BusinessDay said Nigeria’s aviation sector has never truly taken flight. The absence of a single locally-owned carrier with a decades-long track record of sustainable growth refle
