Aviation Nigeria
In a bid to reduce the hardship encountered by travelers resulting from
emergencies or accidents, the Nigeria
Civil Aviation Authority (NCAA) is planning a fresh insurance scheme for
prospective travelers.
Speaking to reporters in Lagos at the weekend, the NCAA
Director-General, Dr. Harold Demuren, said the planned scheme was feasible and
alternative and that it was already functional in Europe and the United States.
The scheme, regarded as a no-fault insurance scheme, would allow
prospective travelers to accumulate or buy insurance from airlines. A system
which differs from the recent approach.
Demuren who expressly stated that the $100,000 compensation was no
replacement to the value of lives in the event of accidents, described the
scheme as one that would be managed separately by the Central Bank of Nigeria
(CBN), with input from the Minister of Aviation.
There are indications that in the event of an accident, victim’s family
could be paid as much as $300, 000 depending on the consistency of the deceased
in raking up more premiums.
The NCAA director has also requested the availability of land by the the
Federal Airports Authority of Nigeria (FAAN) for airline operators to improve
the industry by building hangars.
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