Nigeria’s aviation rating has recently experienced a significant boost, climbing to 70.5 after the country achieved full compliance with the Cape Town Convention regarding the dry-leasing of aircraft. This achievement was announced by Tunde Moshood, the Special Adviser on Media and Communications to the Minister of Aviation and Aerospace Development, Festus Keyamo. The Aviation Working Group, co-chaired by industry leaders Boeing and Airbus, raised Nigeria’s compliance score from 49 to 70.5, marking the country’s highest score ever.
The improved rating is a direct result of Nigeria’s government drafting and signing the Practice Direction for the Cape Town Convention. This accomplishment has garnered confidence from international financiers and lessors in Nigeria’s aviation sector. The Aviation Working Group in London and New York praised the efforts of the Nigerian Ministry of Aviation, acknowledging the dedication and expertise put into this achievement.
Moving forward, there is potential for further score increases as the minister has directed the Nigerian Civil Aviation Authority (NCAA) to align its administrative rules (IDERA) fully with the Convention. This adjustment aims to enhance confidence among financiers and lessors worldwide. The group expressed readiness to raise the score once Nigeria implements these changes and the courts begin applying the Practice Direction.