Nigeria’s aviation industry has emerged as a powerful driver of economic growth, contributing $2.5 billion to the nation’s GDP and supporting over 217,000 jobs, according to a new report by Oxford Economics for the International Air Transport Association (IATA).
The report highlights the pivotal role of air transport in sustaining Nigeria’s workforce, both directly and indirectly. Airlines, airports, and aviation service providers employ nearly 40,000 people directly, while suppliers and business partners account for another 49,000 jobs. In addition, the spending of aviation employees supports 53,600 jobs in the wider economy.
Tourism, a sector heavily reliant on aviation, also contributes significantly, with 66,600 jobs supported by international visitors arriving by air. Altogether, this means aviation creates ripple effects that reach far beyond airports and airlines.
A Lifeline for Growth
Experts note that aviation is more than just an industry; it is a lifeline for Nigeria’s broader economic aspirations.
“Air transport connects businesses to global markets, facilitates tourism, and underpins trade. These numbers underscore aviation’s central role in Nigeria’s economic strategy,” the report stated.
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Beyond the direct GDP contribution, the industry’s multiplier effect is substantial. When catalytic benefits such as trade and investment attraction are considered, aviation’s true value to the Nigerian economy is even larger.
A Sector with More Potential
Despite its current impact, stakeholders argue that Nigeria’s aviation industry is still underperforming compared to its potential.
With 24 commercial airports, 38 airlines, and connections to 34 international destinations, Nigeria is strategically positioned as a hub for West Africa.
Industry observers believe that with policy support, including investments in safety, infrastructure, and competitive regulation, Nigeria could unlock even greater economic value.
As the report concludes: “Aviation is not only about moving people and goods; it is about powering economies. For Nigeria, the sky is not the limit, it is the gateway to opportunity.”
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