Diamond Aircraft, a leading aircraft manufacturer with more than 6,000 aircraft flying worldwide, has announced plans to expand into Africa, focusing on Nigeria. Until now the company had no clear strategy for the continent, but before the pandemic it had already scheduled a visit to explore investment opportunities. The visit has three main objectives: assessing the African market, meeting potential customers and business partners, and finding a local partner to produce its aircraft.
Chairman Bin Chen disclosed these intentions over the weekend during a meeting with Nigeria’s Minister of Aviation, Hadi Sirika. Chen said the company is “excited to explore the potential of the African market and to meet with local partners who can help us establish a strong presence in Nigeria.” He added that Diamond Aircraft is seeking a partner who shares its values and commitment to quality and safety, and who can help obtain a licence to produce aircraft locally. “We are looking for a partner who can bring our aircraft to the Nigerian market and ensure they meet the highest standards of excellence,” Chen said.
Minister Sirika highlighted recent efforts to boost Nigeria’s aviation industry. A new maintenance, repair and overhaul (MRO) facility has been established through partnerships, and the National College of Aviation Technology in Zaria has set up an MRO under the national hangar project. With over 14,000 aircraft engineers and mechanics in the country, Nigeria is well‑equipped to meet maintenance needs. Sirika emphasized Nigeria’s strategic location, saying, “You are in the centre of Africa; if you are producing for Africa, you cannot go to the coast. Nigeria is your best location.” He noted the country’s flexible civil aviation requirements, a thriving charter market (with rates of $9,000 to $12,000 per hour), and urged Diamond Aircraft to set up operations in Nigeria.
Finance Minister Zainab Ahmed outlined fiscal incentives designed to attract new businesses. Nigeria offers a double‑taxation agreement, a three‑year renewable pioneer status with benefits such as import‑duty waivers for equipment and aircraft spares, VAT exemption for the aircraft industry, and no customs duty on imported goods. “These measures are intended to make Nigeria an attractive destination for foreign investors,” Ahmed said.
Attorney General Abubakar Malami reaffirmed the country’s commitment to protecting both local and foreign investments, noting recent constitutional provisions that guarantee investment safety and security. He expects these safeguards to boost the economy and encourage further foreign investment.
Finally, Minister of Industry, Trade and Investment Otunba Adeniyi Adebayo stressed that businesses expanding into Africa need not fear a lack of demand. The African Continental Free Trade Area offers a huge opportunity, and Nigeria’s population of 200‑250 million makes it the continent’s largest individual market. Products manufactured in Nigeria would qualify for duty‑free sales across other African countries, providing a strong incentive for companies to establish operations there.
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