Nigeria achieved a major breakthrough in its aviation sector after securing important aircraft financing and leasing agreements at the maiden Nigerian Aircraft Acquisition and Investment Summit 2026 (NAAIS 2026) in Lagos. The two-day event concluded with several partnerships and commitments aimed at easing aircraft acquisition challenges for local operators.

A landmark deal was sealed between Aircraft Finance Germany (AFG) and Fidelity Bank Plc. The partnership will combine AFG’s technical expertise with Fidelity Bank’s financial strength to provide structured and sustainable financing solutions tailored to Nigerian airlines.

In specialised deal rooms, further progress was made. Five Nigerian operators advanced discussions with ATR and Formidion on aircraft leasing and acquisition to expand their fleets. Embraer pledged to introduce local airlines to its Export Credit Agency financing options. FSD Asset Finance agreed to develop a working paper for future aviation investments.

The Central Bank of Nigeria committed to organising a sector-wide awareness session with the Bankers’ Committee. The National Insurance Commission promised to clarify the 10 per cent local retention policy on aircraft and offer technical support on documentation. The Federal Airports Authority of Nigeria (FAAN) and Afreximbank agreed to deepen collaboration on priority infrastructure projects, including plans for an aerotropolis at Lagos airport.

Festus Keyamo, Minister of Aviation and Aerospace Development, described the outcomes as a significant step forward. He said the summit had set a clear pathway for better access to aircraft, stronger financial structures, and enhanced collaboration across the aviation value chain.

Chris Najomo, Director-General of the Nigeria Civil Aviation Authority, announced that the second edition of the summit will hold on April 1 and 2, 2027.

The deals address long-standing bottlenecks in aircraft financing and leasing, offering fresh hope for fleet modernisation and sector growth in Nigeria.