NIGERIA Trends and Developments Contributed by: Tamuno Atekebo, Chinasa Unaegbunam, Naomi Kabowei and Favour Osayuwamen, Streamsowers & Köhn
ments for Nigerian airlines, given that most lease pay - ments are denominated in foreign currencies such as the dollar or euro. Despite these challenges, the Afreximbank dry-lease initiative marks a strategic shift, as it is aimed at providing local carriers with access to new aircraft, addressing short-term fleet shortages and improving alignment with global standards to attract future inter - national partnerships. Conclusion The year 2025 marks a significant milestone in Nige - ria’s aviation financing landscape. Strengthened enforcement of the IDERA protocol, and robust policy support from both Afreximbank and the Federal Minis - try of Aviation have collectively contributed to a more investor-friendly legal framework. Nonetheless, the continued volatility of the foreign exchange market and the dependence of local insur - ers on international reinsurance remain key chal - lenges. Addressing these issues will be essential to ensuring a stable and sustainable aviation financing environment in Nigeria.
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