Nigerian airlines could generate $1 billion a year from developed West and Central African markets, experts say

Nigerian airlines are looking to reclaim a regional market that once made West Africa a lucrative destination for the country’s carriers. Aviation experts estimate that a fully developed market across West and Central Africa could generate $1 billion annually.

Nigerian airlines held a strong position along the West Coast for about two decades, but Asky Airlines and the decline of Nigerian carriers transferred much of that business to airlines based outside Nigeria. Experts now see an opening as several West and Central African economies recover and demand for air travel grows.

Data cited from the International Air Transport Association and the African Airlines Association point to expanding regional capacity. Official Airline Guide schedule data showed Central and Western Africa among the fastest-growing regional markets globally, with capacity increasing by 15.7% to 16.9%. AFRAA estimated that the two regions represent 17.4% of Africa’s scheduled airline seat capacity.

Nigeria remains the region’s largest passenger and aviation market, supported by hubs such as Murtala Muhammed International Airport in Lagos. About 43% of regional traffic is domestic, heavily anchored by Nigeria, while intra-African international routes account for 44%. Europe remains the leading external destination, receiving nearly 39% of traffic from West and Central Africa.

The experts also point to regulatory changes as a support for expansion. The Cape Town Convention practice directions and implementation of the IDERA framework have made it possible for Nigerian airlines to acquire aircraft through dry leases. With demand rising, carriers are preparing to rebuild regional links, with Asky Airlines as their main competitor.