Operators advocate overhaul of privatisation laws

Some capital market operators have called on the Federal Government to intensify effort towards amending the existing privatization laws that would transform the Nigerian economy.

They attributed the nation’s stunted growth, limited skilled human capital development and paucity of need infrastructure to the subsisting privatization legal framework.

The operators, who said on the sidelines of the just concluded forth annual capital market retreat that government needed urgently overhaul the privatization laws to maximize the fruits of the exercise in terms of sustainable economic growth and employment.

According to most of them,

Air fares fall as new local operators board

The domestic scene of the nation’s air transport sector is witnessing a boom, as more airlines join the sector, bringing down fares.

With increased seat capacity, new entrants such as Azman Air, Discovery Air and Air Peace, have crashed the fares to as low as N9,000 (one way) on the popular routes from Lagos to Abuja, Kano, Portharcourt, Enugu, Calabar among others, as travellers throng their counters.

Already, with the coming of Air Peace with seven (Boeing) B-737 aircraft, Azman Air with three B-737; Discovery Air with three B-737 and FirstNation also with three B-737 , capacity in the domestic scene has increased, as travellers also have