BusinessDay

Second edition of Aviation, Cargo Conference holds September

The 2nd edition of the Aviation and Cargo Conference in Nigeria, CHINET is set for the 7th and 8th of September 2022.

This year’s event with the theme: “The Role of Insurance and Regulation in Growing Aviation and Cargo Business in Nigeria”, is expected to build on the successes recorded at the last event and also address the challenges thrown up during the last conference.

The last Communiqué threw up many challenges and observations which will be addressed at this year’s event. It was observed that Nigeria is still categorized as a high-risk country for Aviation as insurance premiums for airlines operating in Nigeria are higher than in other countries. This increases the cost of doing Aviation Business in Nigeria.

Furthermore, stakeholders opined that the National Insurance Commission (NAICOM) should fine-tune its tier-based proposal for insurance companies so that their risk appetite will be determined by the capital they deploy for business.

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In addition, stakeholders at the first edition of Chinet noted that Nigerian laws on cargo exportation and importation are not in tandem with the development around the world. This is giving investors a massive challenge and is killing cargo exportation in the country.

According to Ikechi Uko, the Publisher of Atqnews, “We learnt a lot from the last event and are planning to work on the observed issues to help improve the situation. We have already engaged stakeholders to find a profitable route to growing and scaling the Aviacargo Value Chain in Nigeria through the Airports.”

The 2022 Chinet conference will bring experts to help exporters take advantage of the emerging availability of Capacity and Airports to grow export capabilities.

The event has been broken into three sections, which include the role of insurance in aviation, the inherent opportunities of cargo airports to support export in Nigeria and the regulation of air cargo in Nigeria.

The session on airports will give all the cargo airports in Nigeria to make a presentation on their capacities and inherent opportunities at the airports.

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