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According to Festus Keyamo, SAN, Minister of Aviation and Aerospace Development, the Cape Town Convention (CTC) offers investors and financiers a glimmer of opportunity that African legal systems are dependable with stable markets and that governments are dedicated to best practices in aviation asset management and protection.
Additionally, according to Capt. Chris Najomo, Director General of the Nigerian Civil Aviation Authority NCAA, Nigeria’s Cape Town Convention Compliance Index significantly improved after a Federal High Court Practice Direction was issued in 2024 to guide the country’s application of the Cape Town Convention. In just one year, the index increased from 49 percent to 75.5 percent, placing Nigeria among the high-compliance nations worldwide “and demonstrated our government’s commitment to the rule of law and to transparency in aviation transactions.”
Tuesday, the two gave a speech at the 2025 Africa-Wide Cape Town Convention (CTC) Conference in Abuja.
The minister, who was represented by Mrs. Anastasia Gbem of the NCAA, stated that the CTC serves as a beacon of signals to investors for Africa, where the cost of capital continues to be one of the biggest obstacles to fleet expansion and maintenance. She added that 28 African nations have ratified the Convention, demonstrating a continental recognition that the CTC is not only a legal instrument but also a catalyst for aviation growth, economic transformation, and connectivity throughout Africa.
Regarding Nigeria’s dedication and advancement, Keyamo stated that the nation’s aviation industry is still developing with an unwavering determination to conform to international standards.
“I am pleased to report that Nigeria’s compliance score with the Cape Town Convention increased from 70.5% to 75.5% after the Irrevocable Deregistration and Export Request Authorization (IDERA) procedure and Practice Direction were signed and implemented.
“This enhancement demonstrates our government’s steadfast dedication to putting the Convention into effect in both content and practice. By reaching this milestone, Nigeria solidifies its position as a regional leader in aviation law reform and financing, indicating to investors, financiers, and lessors that Nigeria is open for business on terms that are recognized throughout the world.
He advocated for regional cooperation in order to realize the CTC’s full potential.
“We acknowledge that no nation progresses in isolation, even as we applaud Nigeria’s achievements. Only until African governments embrace the ideals of the Cape Town Convention, coordinate its implementation, and make sure that their national legal systems support its effective operation will it reach its full potential. This is the reason this is such a crucial event.
“You will interact with experts over the course of the next two days who will share insights derived from international best practices on declarations, national law alignment, the roles of courts and civil aviation authorities, and the significance of consistency in interpretation and enforcement.”
In addition to strengthening specific national systems, the minister emphasized that these talks will improve continental cohesion, enabling Africa to speak with a single, powerful voice in the global aviation financing system.
“Using the CTC as a tool for sustainable aviation growth, our goal must progressively go beyond compliance to optimization.”
For example, Keyamo said that the Convention’s adoption should directly result in: reduced financing costs for African airlines; easier access to contemporary aircraft and equipment; increased investor confidence; and greater operational efficiency and safety.
He stated that in order to accomplish this, governments must make sure that duties are consistently enforced and that stakeholders are educated, and business owners must maintain openness and ethical financial practices.
He praised the AWG and AFCAC for their ongoing collaboration in assisting African nations on their path to complete and efficient CTC implementation.
Nigeria views the CTC as both a legal requirement and a means of advancement, according to NCAA DG, who spoke through Mr. Spiff Donald.
“Our approach to draw in investment, foster investor confidence, and harmonize our aviation legislative framework with international norms is centered on the Convention.
“This advancement goes beyond just the numbers. The goal is to establish a stable, predictable, and investor-friendly climate that gives operators and financiers the assurance they need to conduct business in Nigeria.
It also reflects the attitude of cooperation in our aviation industry. I have to thank all of our partners for their commitment to reaching these goals, including the Ministry, the courts, the airlines, and the legal community.
We must acknowledge that there is still more work to be done even as we celebrate our success. The complete and efficient execution of the Cape Town Convention is what gives it its actual worth. Policymakers, industry players, and regulators must work together to achieve this. A common understanding of the treaty’s obligations and advantages is also necessary.
The Aviation Working Group’s Mr. Jeffrey Wood praised the attendees for their dedication to developing the African aviation ecosystem and assured them that their discussions will be productive, significant, and revolutionary for the continent’s aviation future.
“This is my first trip to Nigeria for this project. I’ll go over what we’ve done together over the last 25 years, including what you mentioned last year.
However, it requires critical international thought to find a treaty with a national reality, and I believe this event will do that. People always view the world through the lens of their own country, but we must take a broader view.
The Federal Ministry of Aviation and Aerospace Development, NCAA, the African Civil Aviation Commission (AFCAC), and the Aviation Working Group (AWG) collaborated to organize the two-day event. Dr. Kana, the Permanent Secretary of the ministry, stated that the Cape Town Convention provides Africa with a framework to develop trust, stability, and sustainability in the continent’s aviation ecosystem in addition to a chance to access aircraft at a lower cost.
“Let’s leave this event with a renewed commitment to strengthen our institutions, increase compliance, and make sure that the benefits of this convention transfer into actual economic progress for our countries and people.
“Nigeria is prepared to keep leading, learning, and collaborating in the common goal of an integrated, competitive, forward-thinking African aviation ecosystem.” As previously stated, Nigeria is prepared for business, and it is our duty as a government to make sure that the aviation sector continues to be our continental dream.
