As part of its contributions to deepening conversations on the challenges and development of the aviation sector, NigeriaTravelsMart, an online aviation and travel publication held yet another edition of her annual colloquium at Eko Hotels and Suites, Victoria Island, Lagos.
A collection of stakeholders and experts gathered to examine the theme: “Corporate Governance and Airline industry development in Nigeria” with Ahmed Lawan Kuru, the Managing Director of Asset Management Corporation of Nigeria (AMCON) as the guest speaker.
In his welcome speech, Mr Simon Tumba, the CEO / Publisher of NigeriaTravelsmart.com said, “Generally corporate governance in most private enterprise in Nigeria is weak, but the airline industry in Nigeria is worse. We believe it is a major contributory factor to the dwindling fortunes of the industry or its stunted growth, or lack of it.
“I strongly believe that we have the potential to have a very vibrant airline industry. All we need amongst others is to be consistent in our policies, be more innovative and creative, with strong regards to corporate governance.”
Mr. Simon also advocated for consistency in policies and the need to be more innovative and creative, with strong regards to corporate governance.
Speaking at the Colloquium, Ahmed Kuru, the Managing Director of AMCON stressed that for any change to be effected in the corporate governance of the Airline, it must be regulatory-driven as self-regulation has not worked so far in the industry.
Other discussants at the event who shared their opinions on the issue facing the aviation industry include Captain Dapo Olumide, Chief Executive Officer, Ropeways Transport Limited; Lawrence Fubara Anga (SAN), Partner, AELEX and Kolawole Ayeye, Chief Executive Officer, Growth and Development Asset Management (GDL).
