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World Bank support for project to revamp airline

    ABIDJAN

    The International Finance Corporation (IFC) is to help redesign and restructure Nigeria Airways, ‘The Guardian’ daily in Lagos reported on Friday.

    An agreement to this effect was signed on Thursday by Vice President Atiku Abubakar, chair of Nigeria’s National Council on Privatisation, and James Wolfensohn, president of the World Bank, of which the IFC is a member. Wolfensohn left Nigeria on Saturday.

    Activities the IFC will conduct under the programme include reviewing Nigeria’s airline industry and assessing Nigeria Airways’ competitive position and its capital investment needs.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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