JOB: Aviation Industry Supports 254,500 Jobs, Contributes N184.7bn to GDP

Philips Consulting

Chinedu Eze
The aviation industry in Nigeria currently supports 254,500 jobs and contributes $940 million (N184.7 billion) to national GDP, according to a Philips Consulting report on the aviation sector made available to THISDAY.

The report said 49 per cent of sum amounting to $462 million or N90.8 billion is a direct output of the aviation sector (via airports, airlines and ground services), while the remainder is acquired indirectly (via the supply chain).

An additional $464 million (N91.2 billion) is derived from tourism, which raises the overall contribution to $1.4 billion (N275.9 billion).

The report by Phillips Consulting said in 2010, aviation contributed about 0.4 per cent to overall GDP in Nigeria, describing it as low in comparison to developed countries such as Spain, 5.2 per cent, the UAE, 3.5 per cent and Canada, 2.8 per cent; and even other African countries such as South Africa, 2.1 per cent and Kenya, 1.1 per cent.

The report described air travellers as passengers who travel for business or leisure purposes, and are the final link in the aviation value chain.

“The principal objective of the other players within the aviation value chain is to ensure a smooth airport experience for these passengers,” the report said. READ MORE