Contrary to earlier reports that the Nigerian sovereign investment authority is part of investors in the soon to take off Nigeria air, the federal government has listed investors , excluding them .
In a statement signed by Mr James Odaudu, special assistant to the minister of aviation on public affairs, the ministry said the NSIA is in no way linked to the ownership.
“We wish to clarify that the Authority is not involved, in any way, as part of the private equity ownership of the airline, being a government establishment”.
Odaudu however noted that the NSIA was not mentioned in Honourable Minister’s presentation, but only in the general brief given to the media, an error made during its preparation.
“For the avoidance of doubt, the equity ownership structure of Nigeria Air stands as : Ethiopian Airlines 49%, Nigerian private investors (SAHCO, MRS and other institutional investors) 46% and the Federal Government 5%”.
He called on the public, especially the business community and the media to please take note.
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