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Air Peace Chairman Lauds Tinubu on Transformation of Aviation Industry

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The Chairman/CEO of Air Peace Limited, West Africa’s largest carrier, Dr. Allen Onyema, has commended the federal government for its deliberate efforts in transforming Nigeria’s aviation industry. Speaking at Air Peace Airline’s 10th anniversary, held at the Eko Hotel and Suites, Victoria Island, Lagos, over the weekend, Onyema noted that President Bola Ahmed Tinubu has been intentional about bringing long-lasting changes, aimed at making air travel friendly and convenient.

 

Onyema remarked that hope began to rise in the aviation industry over the past year with the appointment of the Minister of Aviation and Aerospace Development, Festus Keyamo, who has undertaken a revamp of the industry, thereby increasing the competitiveness of Nigerian airlines.

 

“Now, you must have noticed some changes in the aviation industry in the last one year. I want to use this opportunity to thank President Bola Ahmed Tinubu for creating a platform through the instrumentality of his appointment of Festus Keyamo as Minister of Aviation and Aerospace Development.

 

“So, if I praise President Tinubu, you must know I am saying the truth because I am involved. The appointment of Festus Keyamo has given rise to a transformation of the aviation industry.” Onyema pointed out that the high mortality rate of airlines in the country is connected to the disconnect between policymakers and business owners in the industry. “We have a minister who came onboard and surprised all of us. One thing he has done very well is that he listens, and this minister has no agenda for his self-interest. This is someone who will take a decision and will follow it through.”

 

The Air Peace Chairman emphasized that part of the Minister’s success stems from his openness to discussion and his lack of airs, qualities that make him a successful and unmatched Minister in comparison to previous experiences. He added that every decision made by Honourable Festus Keyamo is in the best interest of the airline industry. “When he signed the Cape Town Convention, he was not doing it for any particular person. He was doing it for the entire aviation industry. And I am sure, starting from next year, airlines in Nigeria will start accessing dry lease.”

 

The Air Peace Chairman whose airline has lifted over 24 million passengers since inception and still counting expressed gratitude to Nigerians, saying that the airline is a national project owned by Nigerians. “So, we are very grateful to Nigerians from all walks of life. Air Peace belongs to all of you. Air Peace does not belong to the Onyema family; it belongs to all Nigerians. We believe that this airline belongs to all Nigerians.”

 

“Look at the faces of thousands of Nigerians this airline has provided a platform for, enabling them to earn a livelihood and support their families. That should be your concern,” Onyema added.

 

He recalled a recent incident where a passenger on Air Peace’s Lagos-London flight created a video to complain about the airline diverting a flight bound for London to Manchester due to bad weather, and explained that the flight was delayed in departing from Nigeria because of the weather and that it took off when conditions allowed, based on the weather report. “Five minutes before landing, the weather deteriorated, forcing Air Peace and other airlines to divert their flights to Manchester and other cities instead of landing at Gatwick.”

 

He regretted that the passenger, who created the misleading video, failed to mention that weather forced the diversion, as was the case with other airlines destined for Gatwick that day, insisting the video was made out of mischief.

 

 

 

Acknowledging that no system is perfect, he pledged that Air Peace will continue striving for excellence. He thanked customers for their understanding, especially in areas where the airline fell short, and emphasized that Air Peace has an outstanding safety record, which management intends to continually improve to better serve Nigerians.

 

Congratulating Air Peace on this milestone, Senator Sa’idu Ahmed Alkali, Honourable Minister of Transportation, representing the Vice President, celebrated Air Peace’s contributions to regional integration, noting its extensive network as a foundation for cultural and commercial exchange.

 

Senator Festus Keyamo, Honourable Minister of Aviation and Aerospace Development, commended Air Peace for its unparalleled contributions to Nigerian aviation. He pledged government support for Air Peace’s future endeavors, including route expansion and continued excellence.

 

In his goodwill message, Edo State Governor Godwin Obaseki noted that the airline business is capital-intensive but has very low profit margins. He observed that anyone entering the airline business aims to build the economy of their country, not to make huge profits.

 

“I don’t think they make a lot of money. So, it is about service to the country. It is about service to citizens. In a country where road infrastructure barely exists, where rail and advanced water transport are lacking, air travel is not a luxury; it has become a necessity. And this amazing Nigerian, this amazing Edo boy who was born in Abudu, has risen to the occasion. He has not only built an airline, which is almost a proxy for a national airline, but he has also built an airline we are so proud of. It has all the trappings and elements of any world-class airline. One thing I want to congratulate you on tonight is your safety record. And so, for most of us Nigerians, once we board your aircraft, we are assured that you will take us to our destination safely.”

 

 

 

Obaseki attributed part of Air Peace’s success to gender balance and effective gender management, noting that the airline’s management team is predominantly female. He commended this approach as a factor in the airline’s success. “You have recognized the critical role gender plays in business. Your commitment to maintaining gender balance in your airline’s management is a key reason for the success you have achieved. So, I am here tonight to join family, friends, and well-wishers to thank you for what you are doing for our country. We wish you and Air Peace many more years of success.”

 

Dr. Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, spoke on behalf of the airline’s corporate partners, calling Air Peace an inspirational model of resilience and innovation. She praised the airline for its economic impact and community initiatives, noting its role in job creation and market expansion.

 

Speaking on the future of Nigerian aviation and its potential for boosting the country’s GDP, the Sales Director for Boeing Commercial Aircraft, Mr. Moore Ibekwe, said he and other aviation stakeholders have been brainstorming on ways to improve Nigeria’s aviation sector. “As a Nigerian, I have spent a lot of time here to see how we can enhance the aviation industry. One of my favorite partners in aviation is Dr. Allen Onyema. Last year, we had a conversation about how we can improve aviation in Nigeria. I said there are a lot of things the government needs to do, things airlines need to do, and things we at Boeing need to do. One recent accomplishment is the improvement in our CTC index, or Cape Town Convention, from 49 to 75.5,” a significantly improved score.

 

Ibekwe also emphasized Air Peace’s pioneering role in Nigerian aviation and commended its investment in Boeing aircraft to meet passenger comfort and sustainability standards. He highlighted Boeing’s initiatives to support Nigeria’s aviation sector through its development programmes.

 

 

 

Francisco Moraes, Vice President of Sales at Embraer Commercial Aviation, lauded Air Peace’s commitment to modernization and fleet expansion, citing Air Peace’s order for additional aircraft and its support in establishing a local MRO (Maintenance, Repair, and Overhaul) facility in Nigeria.

 

A special awards ceremony honored devoted Air Peace staff who have exemplified dedication over the past decade. Categories included: Longest Serving Staff, Pilot, Cabin Crew, Engineer, Support Staff, Ground Operations, and Aviation Security Personnel

 

The airline also recognized top trade partners in the travel sector, awarding travel agencies that have consistently promoted Air Peace’s services. Corporate Client Awards were given to companies that partnered with Air Peace to meet their corporate travel needs.

 

Air Peace also celebrated its most loyal passengers, presenting a special Frequent Flyer Award to those who have flown over 250 times with the airline. This category was especially inspiring, reflecting the airline’s strong connection with customers who continually choose Air Peace as their preferred airline.

 

 

 

The event was a blend of glamour and entertainment, featuring electrifying performances from top Nigerian artists. Soulful renditions by Efezino and Mirabel Chisom set the mood, followed by gospel star Ada Ehi, who captivated the crowd with uplifting songs. Comedian Kenny Blaq brought humour to the evening, leaving the audience in stitches with his lively act.

 

The momentum continued with Timi Dakolo’s powerful performance of “Great Nation,” resonating deeply with the audience as a symbol of Nigeria’s unity and resilience. Kcee and Flavour followed with Afrobeat rhythms that had guests dancing, while Davido closed the night with an exhilarating set, delivering hit after hit to the crowd’s delight.

 

 

 

From seven (7) aircraft and five (5) destinations on its first day of operations, Air Peace has grown into a leader in West African aviation. Founded in 2014 by visionary leader Dr. Allen Ifechukwu Onyema, the airline connects people across Africa and beyond with a fleet of Boeing and Embraer aircraft. The airline’s “No City Left Behind” initiative has brought service to underserved regions, fostering social and economic development.

 

Air Peace’s commitment to corporate social responsibility has led to transformative initiatives, from scholarships and health programs to environmental conservation. The airline’s 10-year journey exemplifies resilience, innovation, and a relentless focus on customer satisfaction.

 

As the celebration concluded, attendees were inspired by Air Peace’s journey and looked forward to the next decade of its impact. The 10th anniversary was not only a tribute to the airline’s success but a powerful reminder of its dedication to elevating African aviation and connecting communities across borders.

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Oyo Stampede: Ooni’s ex-wife Naomi Silekunola, others arrested as police confirm 35 minors dead.

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Oyo State Police Command has confirmed the arrest of organisers of the children’s funfair at Islamic High School, Basorun, Ibadan on Wednesday which resulted in a tragic stampede claiming the lives of 35 children.

 

In a statement released on Thursday, the command’s spokesperson, Osifeso Adewale, disclosed that Prophetess Naomi Silekunola, the main sponsor of the event and former wife of the Ooni of Ife, Oba Adeyeye Ogunwusi, has also been taken into custody.

 

 

Sequel to the Stampede incident recorded on Wednesday 18/12/2024 at the Islamic High School, Basorun, Ibadan venue of the family event Organized by Wings Foundation and Media partners Agidigbo Fm, the Oyo State Police Command wishes to inform the good people of the State that (8) Persons have since been arrested for their various involvements,” the statement said.

 

“These persons include the main event sponsor, Prophetess Naomi Silekunola ’f’ age 31yrs, Fasasi Abdulahi, ’m’ age 56yrs (School Principal Islamic High School, Ibadan), Genesis Christopher, ’m’ age 24yrs, Tanimowo Moruf,’m’ age 52yrs, Anisolaja Olabode, ‘m’ age 42yrs, Idowu Ibrahim, ‘m’ age 35yrs and Abiola Oluwatimilehin, ’m’ age 25yrs.

 

 

“So far (35) Thirty-Five Minors have been documented Dead while (6) Six others are critically injured and on various Medical Interventions.

 

 

In furtherance of the above, the case has since been transferred to the Homicide Section of the State Criminal Investigation Department, Iyaganku with the Deputy Commissioner of Police in charge leading the investigations.

 

 

“So also, residents around the axis are advised not to panic as they would witness high-level patrols and visible Police presence to prevent hoodlums from taking advantage of the unfortunate situation.”

 

The command said it sympathised with all the families of those affected by the tragedy and assured that justice would be served accordingly.

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Tinubu presents 2025 budget to National Assembly

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… PRESENTATION BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR   OF   THE 2025

BUDGET OF RESTORATION: SECURING PEACE, REBUILDING PROSPERITY   TO   A JOINT SESSION OF THE NATIONAL ASSEMBLY ON WEDNESDAY 18TH DECEMBER, 2024

 

PROTOCOLS: — The Vice President, Senator Kashim Shettima — Senate President, Distinguished Senator Godswill Akpabio — Right Honourable Speaker, Tajudeen Abbas — National Chairman of our great party, Excellency, Abdullahi Umar Ganduje — State Governors here present — Distinguished Leaders and Members of the National Assembly — Senior Government Officials here present — Gentlemen of the press,   My Fellow Nigerians,

1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 10th National Assembly.

2. On this day, before this hallowed chamber, I present to you the 2025 Budget at a time when our country is at a crucial point in its development trajectory.

3. The 2025 Budget Proposal again reinforces our administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation. This budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” strikes at the very core of our Renewed Hope Agenda and demonstrates our commitment to stabilizing the economy, improving lives, and repositioning our country for greater performance.

4. The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.

5. The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy. That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.

6. We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.

7. The 2025 budget that I present today is one of restoration. It seeks to consolidate the key policies we have instituted to restructure our economy, boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get our manufacturing sector humming again and ultimately increase the competitiveness of our economy.

8. We do not intend to depart from this critical path to strengthen the Nigerian economy. Just as I believe in the resilience of our economy to withstand the current challenges, I also strongly believe in the resilience of the Nigerian people. Again, I summon the unstoppable Nigerian spirit to lead us on as we work to rebuild the fabric of our economy and existence.

9. The improvements we witnessed in the 2024 budget have led us into the 2025 budget. The goals of advancing national security, creating economic opportunities, investing in our youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget. But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory.

CURRENT ECONOMIC REALITIES AND PROGRESS

10. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly, I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.

11. The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.

12. Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.   o Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.   o Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.   o Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.   13. These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.   2024 BUDGET PERFORMANCE   14. I am happy to inform this National Assembly that our administration attained remarkable milestones in implementing the 2024 Budget. In 2024, we achieved:   o 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter.   o 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.   15. While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt.   PHILOSOPHY OF THE 2025 BUDGET   16. The 2025 Budget seeks to: o Restore macroeconomic stability.   o Enhance the business environment.   o Foster inclusive growth, employment, and poverty reduction.   o Promote equitable income distribution and human capital development.   17. Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.   2025 BUDGET OVERVIEW   18. The numbers for our 2025 budget proposal tell a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.   o In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.   o Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.   o A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.   19. This is an ambitious but necessary budget to secure our future.   20. The Budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).   21. These projections are based on the following observations:   o Reduced importation of petroleum products alongside increased export of finished petroleum products.   o Bumper harvests, driven by enhanced security, reducing reliance on food imports.   o Increased foreign exchange inflows through Foreign Portfolio Investments.   o Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.   KEY PRIORITIES: REBUILDING NIGERIA   22. Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.   23. Highlights of the 2025 Budget Allocations: • Defence and Security: N4.91 trillion • Infrastructure: N4.06 trillion • Health: N2.48 trillion • Education: N3.52 trillion   24. As we embark on implementing the 2025 Budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing critical sectors essential for the growth and development we envision.   Securing Our Nation: 25. Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces to secure the nation, protect our borders, and consolidate government control over every inch of our national territory. The government will continue to provide our security forces with the modern tools and technology they need to keep us safe. Boosting the morale of our men and women in the armed forces will remain our government’s top priority.   26. The officers, men, and women of our Armed Forces and the Nigerian Police Force are the shields and protectors of our nation. Our administration will continue to empower them to defeat insurgency, banditry, and all threats to our sovereignty. Our people should never live in fear—whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses, and rebuild our communities.   Infrastructure Development: 27. When we launched the Renewed Hope Infrastructure Development Fund, it was with the conviction that infrastructure remains the backbone of every thriving economy. Under this programme, we are accelerating investments in energy, transport, and public works. By leveraging private capital, we hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, which will have a huge impact on the lives of our people and accelerate economic output.   Human Capital Development: 28. Our people are our greatest resource. That is why we are making record investments in education, healthcare, and social services:   o Our administration has so far disbursed 34 billion naira to over 300,000 students via the Nigeria Education Loan Fund (NELFUND). In the 2025 Budget, we have made provision for 826.90 billion naira for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.   o We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated 402 billion naira for infrastructure investments in the health sector in the 2025 Budget and another 282.65 billion naira for the Basic Health Care Fund. Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.   Revitalizing Agriculture: 29. Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.   30. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly and fellow Nigerians, our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action. 31. Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them. We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.   32. The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.   33. As your President, I remain committed and resolute to continue to lead the charge.   34. This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved.   35. It is with great pleasure, therefore, that I lay before this distinguished Joint Session of the National Assembly the 2025 Budget of the Federal Government of Nigeria titled “The Restoration Budget: Securing Peace, Rebuilding Prosperity.   36. May God bless our Armed Forces and keep them safe. May God bless the Federal Republic of Nigeria.   Thank you.     Bola Ahmed Tinubu, GCFR President, Commander-in-Chief of The Armed Forces, Federal Republic of Nigeria

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Nigerians Should Be Ready For Better Days As Economy Responds To Reforms — Tinubu

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President Bola Tinubu, on Wednesday, assured Nigerians of a stronger economy, stating that his reforms are beginning to yield positive results.

Tinubu made this remark while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.

He said, “I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages, public expenditure, and specific non-inflationary spending. The reforms we have instituted are beginning to yield results, with no reversals.

“Nigerians will soon experience a better and more functional economy. Global economic growth for the outgoing year was 2.0 per cent.

“For 2024, it was projected at 3.2 per cent, and contrary to predictions for our country, we have made significant progress. Our economy grew by 3.46 per cent. The improvements we achieved in the 2024 budget have laid the groundwork for the 2025 budget.”

Details later…

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