• News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
Friday, October 3, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
  • News
  • Finance
  • StartUPs
  • TechTAINMENT
  • Guest Writer
  • Digital Assets
  • IndustryINFLUENCERS
  • Environment
  • Macro Monday
ADVERTISEMENT

Aviation Powers Nigerian Economy with $2.5 Billion GDP Boost, 217,000 Jobs – Report

Festus Keyamo, minister of Aviation and Aerospace Development

Festus Keyamo, Nigeria's minister of Aviation and Aerospace Development

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.

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.”

0Shares

Tags: 24 commercial airports34 international destinations38 airlinesGDPNigeria’s aviation industry
Peter Oluka

Peter Oluka

Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

Next Post
H-1B Visa Fee and Nigerian techies

Trump’s $100,000 H-1B Visa Policy Could Turn Nigeria into the Next Remote Talent Hub

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • About
  • Advertise
  • Careers
  • Contact Us

© 2025 TECHECONOMY.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs

© 2025 TECHECONOMY.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.