The Federal Ministry of Aviation on Saturday debunked reports of the inclusion of the Nigeria Sovereign Investment Authority as an investor in Nigeria Air.
The Senior Special Assistant to the Minister (Public Affairs), James Odaudu, made this known in a statement made available to Sunday PUNCH.
It said, being a government body, the NSIA was not an investor.
The ministry added that the NSIA was not in the minister’s brief read during the presentation at the press briefing, but in the copy made available to the media, describing it as “an error made during its preparation”.
The statement read in part, “We wish to clarify that the Authority is not involved, in any way, as part of the private equity ownership of the airline, being a government establishment.”
“For the avoidance of doubt, the equity ownership structure of Nigeria Air stands as Ethiopian Airlines 49 per cent, Nigerian private investors (SAHCO, MRS and other institutional investors) 46 per cent and the Federal Government five per cent.”
