Recently , the Minister of Aviation and Aerospace Barrister Festus Keyamo, held a stakeholders’ engagement meeting on creating a new partnership between the Nigeria Insurers Association (NIA) and the Airline Operators of Nigeria (AON).
The key issue on the table was how to strike a balance between the demands of international aircraft lessors and financiers who often want the risk to be placed in the international market and the need to also promote and protect local insurers vis-a-vis the local content requirements in the local avaition laws.
Those present were members of the National Assembly, the Minister of Trade and Investment, the Commissioner and members of the National Insurance Commission (NAICOM), members of the Presidential Enabling Business Environment Council (PEBEC), and relevant agencies and officials of the Ministry of Aviation and Aerospace Development.
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