The Federal Government has signed the Cape Town Convention (CTC) Practice aimed at reducing the cost of airline operations in the Nigerian aviation sector.
The CTC Practice Direction was signed on Thursday by the Chief Judge of the Federal High Court, Justice John Tsoho, during a stakeholders’ meeting of the Presidential Enabling Business Environment Council (PEBEC) chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja.
With the signing of the CTC Practice Direction, the Cape Town Convention becomes actively and fully operational in Nigeria, thereby reducing the cost of insurance for airlines, restoring investors’ confidence in the nation’s aviation sector, and enabling domestic airline operators to dry lease aircraft, among others.