The technical advisor to national carrier, Nigeria Air, Prof. Tilmann Gabriel, has revealed that Nigerian government paid $12.5 million for its stake.
Ripples Nigeria had reported that the Federal Government retained five per cent stake in Nigeria AIr, but offered 49 per cent to Ethiopian Airlines and 46 per cent to Nigerian investors.
Gabriel, in an opinion piece titled; ‘Nigerian Airline Status 2022 – What is next in 2023’ and dated January 4, but obtained by Ripples Nigeria on Wednesday, stated that the five per cent is worth $12.5 million.
