FG invested $12.5 million in Nigeria Air – Adviser

The Federal Government’s five per cent stake in the national carrier, Nigeria Air, is worth $12.5 million. Prof. Tilmann Gabriel, who served as the Transaction Adviser to the project, disclosed this in a write-up, according to a Nairametrics report.  Gabriel said the Nigerian Government’s investment as start-up funding for the airline was $12.5 million, adding