AfDB, Afreximbank Earmark $20bn for Establishment of Leasing Company, MRO in Nigeria

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African Development Bank (AfDB) and African Export, Import Bank (Afreximbank) have agreed to raise capital base of about $20 billion for the actualisation of federal government?s plan to establish aircraft leasing company and Maintenance, Repair and Overhaul (MRO) facility.Informed source from the Ministry of Transportation told THISDAY on Tuesday that the two banks have keyed into the plan by the government of Nigeria to establish the leasing company, which it planned the national carrier, which would be birthed before the end of 2018 would source its aircraft from.

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