LAAC ‘ll Facilitate “Open Heart Surgery” On Aviation, National Economy, To Isolate Mismatches In The Monetary Policy Ecosystem
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Surgeons at the theatre working hard on a patient. Figuratively, LAAC-N will subject aviaiton and macro economy to similar scrutiny
The League of Airports and Aviation Correspondents-Nigeria, LAAC-N, has decided to take upon its shoulders a herculean task in its 28th annual conference coming up on 26th July 2024, at Providence Hotel, in the Government Reservation Area, GRA, Ikeja, Lagos.
The task that the aviation news hounds have set for themselves is as massive and complex as dismantling and re-assembling an Antonov 225 Mriya. This fact can be elicited from the theme of this year’s conference which is, “Aviation Survivability Amidst A Challenging Macro Economic Environment.”
Concern not for barely surviving, but to flourish with a business lifespan that outstrips the current average life span of Nigerians which has been an antithesis in the air transport industry since the advent of the nascent democracy and even beyond, is to be dissected.
There is no iota of doubt that to identify the Achilles heel in Nigeria’s air transport, experts assembled must avail the august audience with impeccable results of various investigations into various aviation operations in Nigeria, and in advanced clime.
The renowned experts assembled are akin to the skillful Surgeon, brazen to performing complex open heart surgery on his patients. Heart surgery usually takes three to six hours, depending on the complexity of the operation. Hence the day’s event will take about the same duration.
In the same manner a breathing tube is placed in the lungs of a patient at the theatre through his/her throat. The tube is connected to a ventilator, which helps the patient breathe.
LAAC-N in a figurative sense will be creating a bypass at Providence Hotel where aviation and the national economy will be opened up and the absurdities in the ecosystem causing dysfunction and failure of investments will be isolated for correctional measures.
Just an aspect of the micro economy shall be dwelt upon- the air transport– the league has resolved to in a no-holds-barred, to dissect the larger national economy.
The figurative heart of the national economy with the spin it started to consistently experienced since June 2023 to date, deserves a canny appraisal as to how any lawful enterprise for that matter, could ever record success from the prevailing macroeconomics environment.
Obvious in-congruencies in government monetary policies, customs execution of import and export policy beyond what is usually gazetted for the public’s consumption often an albatross to the success of most of the organized private sector.
Another logjam is the Scarcity of long-term facilities from financial institutions in Nigeria. And the temptation for investors who out of desperation procured short-term loans for a long-term operation. Such a mismatch of funds has over the decades responsible for the demise of most bluechip organizations. Thus the mortality rate of startup companies sadly continues to increase.
These candid facts a numerous to be released at the conference shall inspire the production of a workable, and a foolproof recommendations by way of a communique.
The conference will afford organizations the opportunity to highlight their activities as it is expected to attract over 200 aviation industry professionals, cutting across the aviation agencies, security agencies, international and domestic airlines operating in Nigeria, aviation support services, including travel service providers and tour operators
LAAC-Nigeria, LAAC-N, is unarguably the aviation media umbrella body saddled with the responsibility of effective media coverage and concise industry analysis with the view to sound alarm when untowards development is perceived and to commend where innovation provides a shot in the arm for the industry to soar.
The LAAC Annual Seminar has over the years, made an unquantifiable impact on Nigeria’s aviation sector by throwing up policy, management and operational issues for public discussion. This has resulted in tremendously significant evidential changes in Nigeria’s aviation sector.
Aviation and allied business organizations have equally taken advantage of sponsorship opportunities presented by this event to sell their products and services. This 2024 edition presents yet another opportunity.
There shall both be physical and virtual participation in order to ensure that no interested participants across the world are left behind.
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