The Minister of Aviation Hadi Sirika said the Federal Executive Council approved over 2 billion naira for the local assemblage of Magnus Centennial Aircraft and Stimulator in Zaria, Kaduna State.
He said the local assemblage of Magnus training aircraft in the country was expected within the next 18 months stating that two of such aircraft should be ready before the end of the present administration in May this year.
Sirika assured that in not too distant future, Nigeria would commence manufacturing of aircrafts.
He said the manufacturer of the airplane is based in Hungary and has a local company called Ingenious to be done in Zaria.
He said his ministry presented two memoranda bordering on the local assemblage of Magnus aircraft and review of the cost of Instrument Landing System in three airports by additional 546,109,336. 33 with 7.5 percent VAT.
The minister said the FEC also approved the memorandum that revised the estimated total cost and augmentation of contract for procurement and installation of Instrument Landing System at Port Harcourt International Airport, Kano International Airport, and Katsina Airport.
He said the contract awarded earlier had to be reviewed due to fluctuations in foreign exchange. DAILY TRUST