Connect with us

Business

Group advocate implementation of policy to generate 155, 000 jobs, others

Published

on

Amina Isah, Abuja

The International Air Transport Association (IATA) has disclosed that effective implementation of the Single African Air Transport Market Initiative (SAATM) would boost the economy of Africa by creating 155,000 jobs with an annual GDP of US$1.3 billion.

The Vice President, International Air Transport Association in Africa, Mr. Raphael Kuuchi, stated this in a statement issued on Sunday.

He noted that the group wants  more attention on the effectiveness of the implementation of the Single African Air Transport Market (SAATM) initiative by the African Union (AU).

According to him, “We welcome the initiative as it will open up Africa’s skies and improve intra-African air connectivity.

“Enhanced connectivity will stimulate demand, improve the competitiveness of the African airline industry, and make air travel more accessible. In turn, this will enable higher volumes of trade, expanded tourism and growing commerce between African nations and with the rest of the world.”

“The SAATM has the potential for remarkable transformation that will build prosperity while connecting the African continent. Every open air service arrangement has boosted traffic, lifted economies and created jobs.”

The statement further reads: “We expect no less in Africa on the back of the SAATM agreement. An IATA survey suggest that if just 12 key African countries opened their markets and increased connectivity an extra 155,000 jobs and US$1.3 billion in annual GDP would be created in those countries,” said Rapahel Kuuchi, IATA’s Vice President for Africa.

“IATA commend the 23 States that have signed up to SAATM. It is an important step forward. But the benefits of a connected continent will only be realized through effective implementation of SAATM—firstly by the countries already committed and also by the remaining 32 AU member nations still to come on board.”

 

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

Metro6 hours ago

SAD….. FRSC boss die of road accident

The Anambra State Federal Road Safety Corps Sector Commander, Sunday Ajayi, has reportedly died in an auto crash. An insider...

news1 day ago

DEBATE…Why I have so much grey hairs on my head—Osinbajo

Vice President Yemi Osinbajo has attributed the grey hair on his head as one of the factors showing how tasking...

Politics1 day ago

BREAKING…Vice Presidential Debate Begins

Ahead of the forthcoming general elections, debate for the Vice Presidential candidates of five political parties has commenced, ROYAL NEWS...

Politics1 day ago

EXPOSED…. PDP planning to hack into INEC’s server, APC alleged

The Peoples Democratic Party, (PDP), has been alleged of enlisting the services of some hackers from Russia in order to...

Foreign1 day ago

Why court sentenced 35yr-old man to 9yrs in prison

An Indian national has been sentenced to nine years in prison in the US for a brazen sexual assault of...

Politics1 day ago

Court sacks Donald Duke, declares Jerry Gana as SDP presidential candidate

An FCT High Court in Maitama on Friday declared a former Minister of Information, Prof. Jerry Gana, the winner of...

news1 day ago

Buhari challenges governors on infrastructure devt.

President Muhammadu Buhari has challenged state governors to redouble efforts in addressing infrastructure deficiencies in their respective states to revamp...

Politics2 days ago

Court sacks Buruji Kashamu, declares him illegal

The Peoples Democratic Party has commended the Thursday judgement of an Abuja Federal High Court validating the expulsion of Senator...

news2 days ago

FG working on early implementation of new minimum wage — SGF

The Federal Government is working toward early implementation of new minimum wage which has caused a lot of controversies in...

Politics2 days ago

No Diaspora or out-of-country voting in 2019-INEC

The Independent National Electoral Commission (INEC) says there will be no Diaspora or Out-of-Country voting for Nigerians in the 2019...

Advertisement

Trending

Copyright © 2018 Royal News.

%d bloggers like this: