Toscad News 
FG Implements Capetown Convention Protocol on Deregistration
16/10/24. IDERA/AVIATION
The Federal Government says it has fulfilled all judicial obligations and updated rules regarding the Irrevocable Deregistration and Export Request Authorization, IDERA, to standardize global procedures for registration or deregistration of aircrafts in the Country.
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo stated this during the signing of an updated copy of the document by the Acting Director General of the Nigeria Civil Aviation Authority, NCAA in Abuja.
The Minister commended President Bola Tinubu for providing the needed political will towards the achievement.
Nigeria is a signatory to the Irrevocable Deregistration and Export Request Authorization, IDERA which is part of the Capetown Convention and Associated Aircraft Protocol that came into operation in the United Kingdom in November, 2015.
The aim was to reduce the cost of raising finances for high valued mobile assets that cross borders.
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo said the updated document indicates that within five days, aircrafts could be retrieved from Nigeria.
Mr. Keyamo pointed out that before now, Nigeria had been rated low and blacklisted, but with the updated IDERA, the Country has taken its rightful place in the sector.
The Acting Director General of the Nigeria Civil Aviation Authority, NCAA, Captain Chris Najomo explained that the impact of the Convention enabled the registered owners to request for an IDERA over eligible aircrafts and obtain it within five days.
Captain Najomo explained that such achievement would give Nigeria airline operators access to dry-lease airlines and boost their operational capacities.
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