From 15 million in 2014, Nigerian air passengers declined to 6 million in 2016

Passengers at the Murtala Muhammed Airport, Lagos
Passengers at the Murtala Muhammed Airport, Lagos

From more than 15 million passengers in 2014, Nigerian air passenger traffic declined to 6 million in 2016, Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange, has said.

Mr. Onyema made this disclosure Tuesday at the listing of Medview air on the Nigeria Stock exchange in Lagos.

He explained that the past decade has seen the Nigerian aviation industry experience numerous institutional challenges, leading to the exit of many air operators.

“Over the past decade, the Nigerian aviation industry has experienced significant challenges leading to the exit or decline of many operators,” he said.

Mr. Onyema also noted that the developments, coupled with the economic downturn, sadly, have affected operations in the aviation industry, leading to decline in the number of passenger traffic, both for inbound and outbound destinations.

oscar-onyema

“This has also impacted significantly on passenger traffic for inbound and outbound destinations having peaked at over 15 million in 2014, gradually declining to 11.3 million in 2015 and dropping to 6 million in 2016 as a result of the economic downturn.”

The NSE boss said that despite negative growth in passenger volumes, the decline in number of operators continues to put positive pressure on the successful industry players to seek sustainable funding options to support growth and meet passenger demand.

He however commended players in the industry, noting that despite the challenging operating environment in the aviation industry globally, the air transport industry continues to contribute about $10 billion to Gross Domestic Product, GDP, of African countries, while it is projected that close to six million jobs would be supported by Africa’s air transport sector over the next 20 years.

“Domestically, the aviation industry supports over 255,000 jobs and contributes more than US$1 billion (N304.25 billion) to GDP. Of this sum, 49 per cent is a direct output of the aviation sector via airports, airlines and ground services; while 51 per cent is contributed indirectly by the aviation supply chain. Notably, an additional US$464 million is derived from tourism,” he said.

While commending the efforts of industry players who are still in business despite the challenges, the NSE chief executive officer urged the Nigerian government to provide an enabling environment for the revival of the aviation industry through policies that would engender developments.

“We also call on the Honourable Minister of Aviation to work towards creating an enabling environment for the revival of the aviation industry in Nigeria,” he added.


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  • Omotosho

    Change can be from Bad to Good
    Or Good to Bad..
    Or Bad to WORSE!

    When Naijas were sold ‘change’, they should have asked; WHICH TYPE??

    • VERITAS_ the rock of ages_

      Lol. Good point there.

  • Oladele

    …It is because Nigerians are finding cheaper options. What is the use of traveling on Arik to abuja where you intend to stay for five days and your bag will arrive as you are about boarding to return back to base. Are you not better with peace mass transit, The Young shall grow, Iyare etc at least you can have your bag on arrival. Or sitting down doing nothing at an airport from sunrise to sunset, even if you had climbed Okada (achaba, Nnanga) would you not have arrived? The money they charge is enough to chatter Keke Maruwa/Napep and take owners corner until you arrive Abuja. …..dont descend on me, just joking!

  • NAME of Suicide Bombers Please


    Dear EDITOR,
    You have reported a suicide bomber detonating her bomb in Bornu…the story has also been hurriedly removed from sight so people don’t see the tragedy of the present times. BUT as usual you have not told us the name of the so-called 10 yr old girl (Suicide bomber). The following questions are also pertinent.

    1. Has any parent declared his/her girl child missing? If not (As is always the case, aren’t they accomplices?)
    2. What is the state of origin of the suicide bomber?
    3. What is her address?
    4. Who was she last with as a ward?

    Remember that charges have already been bought against the Mosque attacker in a Canadian court. He has been named and his address and all other details made public. Why is Nigeria different? Or do the “suicide” bombers in Nigeria have no names and parents?

  • Analysts

    I believe more Nigerians are now using the Submarines and/or the underground subway system of transport and this may be responsible for the drop in those traveling by air.

  • Tunde

    Mr Onyenma? Why were we told yesterday that the airlines passenger numbers were the same as previous years; or something to that effect. Something’s amiss? I smell wuruwuru to the answer o! Your information sounds more plausible though.

  • ayoka ade

    The story of buhari is the story of the destruction of Nigeria by the most incompetent, clueless, myopic,clannish ,sleepwalking old man that ran Nigeria aground.
    Nigeria shall for ages to come curse the day they committed the most grievous error of judgment that destroyed the progress of Nigeria and sent her 20 years back into oblivion.

  • Mr. Abdin

    Economy……………

  • Nuorah

    Change

  • North/West Allies

    Person never chop you wan make them fly abi

  • tsunami1earthquake

    One-step-forward-ten-steps-backward! Congratulations!

  • thusspokez

    “This has also impacted significantly on passenger traffic for inbound and outbound destinations having peaked at over 15 million in 2014, gradually declining to 11.3 million in 2015 and dropping to 6 million in 2016 as a result of the economic downturn.”

    This is doubtingly a reflection of the state of the economy. And this information should disabuse the minds of those who still believes that Buhari is not a disaster for the Nigerian economy.

  • Chym

    In 2017 it would go down to 4million. Change for you!

  • sirOscie

    CHANGE OH……………..Baba please we’re no longer interested in your MANTRA of CHANGE.

  • Oduche Azih

    The call on the Minister of Aviation is too narrow in scope. The metrics indicated by a more than 50% crash in air passenger volume indicates an alarm signal that should have been heard right across the government and the various Chambers of Commerce . It would be strange if indeed this development did not feature in the planning for the 2017 budget.