Nigeria’s compliance with the Cape Town Convention (CTC) on dry-leasing of aircraft has significantly improved, with its global score rising from 40 to 70.5. This increase follows the country’s recent signing of the Practice Direction, signaling a major step toward full compliance with the CTC.
Special assistant on media and communications to the Minister of Aviation and Aerospace Development, Tunde Moshood highlighted that this is Nigeria’s highest compliance score to date. The improved rating is expected to boost the confidence of international financiers and aircraft lessors.
The Aviation Working Group, co-chaired by Boeing and Airbus, swiftly adjusted Nigeria’s score after recognising the country’s progress. The group also acknowledged the minister’s directive for the Nigerian Civil Aviation Authority (NCAA) to align its administrative rules, known as IDERA, with the convention, further enhancing global confidence in Nigeria’s aviation sector.
In a statement from the Aviation Working Group in London and New York, they commended the Aviation Minister and his team for their “time, effort and skill” in driving this achievement. The group also expressed optimism that Nigeria’s score would increase further once the courts begin to apply the new Practice Direction and additional administrative adjustments are made.
