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Economic growth in Nigeria: the aviation industry contributes to the GDP worth 117 billion Nairas

28/09/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Minister of Aviation and Aerospace Development, Festus Keyamo announced that the Nigerian aviation industry had a significant economic impact with a contribution of 117 billion naira to the country's gross domestic product (GDP) in the first quarter of 2022.

The Minister of Aviation and Aerospace Development indicated that the growth of the industry has contributed to job creation, benefiting various sectors. Indeed, the aviation sector is of great importance in Nigeria's economic growth and development. Data from the National Bureau of Statistics (BES) shows that the aviation sector contributed about 117 billion naira, or 4% of the national GDP in the first quarter of 2022; it supports around 200,000 jobs and pays about 8.5 billion niara in taxes

per year.
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