The Federal Executive Council, under the leadership of President Bola Tinubu, has approved the establishment of the Nigeria Aircraft Leasing Company (NALC). This significant decision, which was revealed by the Minister of Aviation and Aerospace Development after a recent FEC meeting, aims to enhance the country's aviation sector. Stakeholders in the industry have expressed that this initiative has been anticipated for an extended period, signaling a potential transformation in aircraft financing and operations within Nigeria. The establishment of NALC is expected to facilitate improved access to aircraft leasing options for Nigerian airlines.
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