The Federal Government has revealed the reason why it decided to suspend the Nigeria Air projected. According to the minister of information and culture, Lai Mohammed, the project was suspended due to investors attitude towards it.
Speaking with journalists at the Murtala Mohammed International Airport, Lai Mohammed said,
“If the understanding of government at the beginning was that the project might be self-financing or the project would be financed by investors and you think that such a project can no longer be sponsored by investors, either because they are not forthcoming or such venture can no longer be viable, the government is at the discretion to take a decision.”
“The position of government in business is to provide the enabling environment and it is not to become the sole source of finance or funding and in addition, there is much more than funding in trying to get our national carrier. So, the Federal Government thinks this thing should be stepped down now until we get a better funding structure.”
via: INFORMATION NIGERIA