The aim of the study is to access the economic implication of absence of National carrier in the Nigeria aviation
industry. The airline industry is the key drive of the travel and tourism industry and also a major contributor to many
countries‟ overall economy through international tourist arrivals and departures. The study estimate the amount of
revenue Nigeria is losing to capital flights for not having a viable national carrier over the past ten years that is from
2007 to 2016.The estimated amount of revenue loss was examined on airlines offering direct flights on Nigeria to
London route, in which we have two foreign airlines (British airways and Virgin Atlantic airline)and a Nigeria‟s
private national carrier which is Med-view airline. The class of tickets and services in each class of ticket being
offered by the airlines was examined. The study reveals an estimate of total of over $6 Billion revenue were being
lost to hands of foreign competitors over the past ten years with British airways generating closely to $4 billion,
while Virgin Atlantic generated over $2.3 billion and Med-view generated over $133 million in the past ten years.
The study also reveals that the higher the passenger carried the higher the revenue and vice versa. However,
establishing a national carrier by the federal government is imminent which will express Nigeria culture and to
better serve passengers especially Nigerians. Finally, banks and other governmental financial institutions should
make available enough funds with longer payback period and little interest for both existing airlines to upgrade their
services and new entrants to be able to purchase necessary equipment‟s to make them competitive in the market.
Adekunle, E (2019). Economic Implication of Absence of National Carrier in the Nigeria Aviation Industry. Afribary.com: Retrieved May 16, 2021, from https://afribary.com/works/economic-implication-of-absence-of-national-carrier-in-the-nigeria-aviation-industry
Emmanuel, Adekunle. "Economic Implication of Absence of National Carrier in the Nigeria Aviation Industry" Afribary.com. Afribary.com, 11 Sep. 2019, https://afribary.com/works/economic-implication-of-absence-of-national-carrier-in-the-nigeria-aviation-industry . Accessed 16 May. 2021.
Emmanuel, Adekunle. "Economic Implication of Absence of National Carrier in the Nigeria Aviation Industry". Afribary.com, Afribary.com, 11 Sep. 2019. Web. 16 May. 2021. < https://afribary.com/works/economic-implication-of-absence-of-national-carrier-in-the-nigeria-aviation-industry >.
Emmanuel, Adekunle. "Economic Implication of Absence of National Carrier in the Nigeria Aviation Industry" Afribary.com (2019). Accessed May 16, 2021. https://afribary.com/works/economic-implication-of-absence-of-national-carrier-in-the-nigeria-aviation-industry