National Aircraft Leasing Company

planned

The federal government has approved the establishment of a national aircraft leasing company aimed at easing access to modern fleets for domestic airlines and transforming aviation financing in Nigeria. The company will operate as a private-sector-driven Special Purpose Vehicle (SPV) with government backing, providing a centralized system for airlines to source aircraft, replacing the current individual negotiation model with international lessors. The government will provide sovereign guarantees to boost investor confidence, while private sector players drive the project. The initiative aims to position Nigeria as a hub for aviation financing in Africa and extend services across West Africa and the broader continent.