• Sunday, May 19, 2024
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BusinessDay

How aviation sector contributed N119bn to nation’s GDP, by minister

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Stella Oduah, aviation minister, has said that the great potential in Nigeria’s aviation sector if well harnessed is capable of turning around the economy just as she disclosed that the sector contributed N119 billion to the nation’s Gross Domestic Product in 2010.

While presenting the revised National Civil Aviation (NCA) policy at the weekend, Oduah noted that N59 billion was directly contributed through the output of the aviation sector (airlines, airports and ground services); N34 billion indirectly contributed through the aviation sector’s supply chain; and N27 billion contributed through the spending by the employees of the aviation sector and its supply chain.

She said in addition, “There are N78 billion in catalytic benefits through tourism, which raises the overall contribution to N198 billion of GDP. The aviation sector supported 159,000 jobs in Nigeria comprising 44,000 jobs directly supported by the aviation sector; 64,000 jobs indirectly supported through the aviation sector’s supply chain; and 51,000 jobs supported through the spending by the employees of the aviation sector and its supply chain.

SADE WILLIAMS