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Aircraft leasing: Nigeria’s global rating soars to 70.5

The statement said the Aviation Working Group, co-chaired by industry giants Boeing and Airbus, raised Nigeria’s compliance score from 49 to 70.5, the highest score Nigeria has achieved to date.

The ministry said, “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 till 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 (Nigerian Civil Aviation Authority) 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.”

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It said this improved rating comes as a result of the Nigerian government preparing and signing the Practice Direction for the CTC.

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