Tunde Moshood, the Special Adviser on Media and Communications to the Minister of Aviation and Aerospace Development, Festus Keyamo, announced this in a statement on Wednesday.
The Aviation Working Group, co-chaired by leading industry players Boeing and Airbus, elevated Nigeria's compliance score from 49 to 70.5, marking the highest score the country has attained thus far.
“The Aviation Working Group (co-chaired by Boeing and Airbus) has today swiftly adjusted the global score/rating of Nigeria on our compliance status from 49 to 70.5.
“This is the largest score Nigeria has attained to date to give comfort to financiers and the leasing world. There is also potential for further increase in the next few weeks as the minister has directed the NCAA to immediately adjust its administrative rules called IDERA to also fully align with the Convention to further boost the confidence of financiers and lessors across the world,” the statement read.
The enhanced rating is attributed to the Nigerian government's preparation and endorsement of the Practice Direction for the CTC.
This increase is perceived as a sign of trust from international investors and lessors in Nigeria's aviation sector.
In a correspondence addressed to the Nigerian Ministry of Aviation, the AWG, located in London and New York, praised the ministry's initiatives.
“The Aviation Working Group in London and New York commended the aviation minister and his team for the ‘time, effort and skill’ they put in the last few months into making this a reality.
“They also said they are poised for further increase the score once Nigeria adjusts its administrative rules in the next few weeks and the courts begin to apply the Practice Direction,” the group said.