Nigeria’s aviation industry has seen a significant improvement in its global standing following the introduction of new regulations governing aircraft repossession. The signing of the Irrevocable De-registration and Export Request Authorization (IDERA) has boosted the country’s compliance with international aviation standards.
Festus Keyamo, the Minister of Aviation and Aerospace Development, shared this progress during the inauguration of the Juhi-2 Aviation Fuel Depot at Lagos' Murtala Muhammed International Airport. He credited the leap in compliance to recent government actions, including the signing of the Cape Town Convention Practice Direction. This move helped Nigeria's aviation compliance rating jump from 49% to 70.5% in just one month.
The Aviation Working Group (AWG) announced Nigeria’s new "high category" status on October 16, confirming that the country’s compliance process is now complete following the IDERA signing. This development also removes Nigeria from the AWG's watchlist of non-compliant nations.
With this milestone, Nigeria is expected to benefit from enhanced access to aircraft financing and leasing markets, allowing local airlines to expand routes, improve flight reliability, and offer more competitive ticket prices. These advancements are poised to boost the overall experience for Nigerian travelers and signal a bright future for the nation’s aviation sector.
Keyamo emphasized that this progress marks a positive shift, with increased growth and integration into the global aviation industry.
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