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    MarketForces Africa » MarketForces News » FG Calls for BASA Agreement Between Nigeria, Italy

    FG Calls for BASA Agreement Between Nigeria, Italy

    Marketforces AfricaBy Marketforces AfricaMay 21, 2025Updated:May 21, 2025 News No Comments2 Mins Read
    FG Calls for BASA Agreement Between Nigeria, Italy
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    FG Calls for BASA Agreement Between Nigeria, Italy

    The Federal Government (FG) has emphasised the importance of reviving the Bilateral Air Services Agreement (BASA) between Nigeria and Italy. The move aims to facilitate direct flights between the two countries and boost bilateral trade and investment.

    Amb. Anderson Madubuike, Director of Economic Trade and Investment at the Ministry of Foreign Affairs, made the call at the Nigeria-Italy Investment Summit 2025 (NIIS 2025) in Abuja on Wednesday.

    The summit, organised by Giant Gee Nigeria Limited in collaboration with the Italian Embassy in Abuja and the Nigerian Embassy in Rome, is themed “Building Bridges: Unlocking Opportunities.”

    Madubuike, represented by Mrs Eucharia Eze, Deputy Director in the ministry, highlighted the challenges passengers face due to the suspension of Alitalia’s operations in Nigeria, which had disrupted direct travel between Nigeria and Italy.

    “Since Alitalia ceased operations, it has become difficult for passengers to travel directly between our countries,” he stated, adding that a renewed BASA would contribute to the economic transformation of both nations.

    He further noted that Nigeria and Italy shared longstanding relations in sectors such as trade, investment, agriculture, and technological development, and that the BASA agreement could unlock untapped economic potential.

    “Italy is a significant trading partner for Nigeria. Both countries aim to diversify their economies and attract foreign direct investment.

    “I believe this summit will help foster impactful partnerships,” he added.”

    Amb. Augustine Chigbolu, Managing Director of Giant Gee Nigeria Limited, also emphasised the importance of reinstating an Italian airline service to alleviate travel challenges between the two nations.

    He noted that before Alitalia’s withdrawal, the flight duration between Nigeria and Italy was just five hours. However, it now takes between 16 to 18 hours due to layovers..

    Chigbolu also envisioned the summit as a dynamic platform to promote sustainable growth and meaningful partnerships between the two countries.

    Roberto Bocca, an Italian entrepreneur, echoed similar sentiments, emphasising the strategic and growing partnership between Italy and Nigeria.

    He expressed confidence that the revival of Alitalia flights would strengthen trade and investment opportunities, particularly in sectors like energy, infrastructure, and aviation.

    Bocca also highlighted Italy’s ongoing investments in Africa and expressed hope that Nigeria would become a primary market for Italian businesses. Nigeria’s Banking Sector Stable, CBN Reassures Nigerians

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