FG NEEDS 17 BILLION TO REVIVE DEAD NIGERIAN AIRWAYS SAYS MINISTER OF INFORMATION, ALH. LAI MOHAMMED.

The minister for information, Alhaji Lia Muhammad has started that the federal government of Nigeria needs a loan of 17 billion naira from Japan to rebuild the outdated planes of the dead Nigerian Airways.

Nigeria Airways Ltd., more commonly known as Nigeria Airways, was a Nigerian airline. The company was founded in 1958 after the dissolution of West African Airways Corporation (WAAC). 

It held the name WAAC Nigeria until 1971, when it was rebranded to the name it had until it ceased operations in 2003. The government of Nigerian newsbrokersng.blogspot.com owned a majority of the airline (51%) until 1961, when it boosted its participation in the company to 100% and made it the country's airline. 

At the time of dissolution, the airline's headquarters were at Airways House in Abuja Operations were concentrated on Muritala Mohammed International Airport and served both domestic and international destinations mainly concentrated in West Africa; the network also had points in Europe, North America and Saudi Arabia.

Alh. Lai Mohammed stated this in an interview in Abuja, he insists that the dead and dumped Nigeria Airways in Kaduna needs to be rebuilt.