Nigeria’s aviation industry has come a long way, from its humble beginnings in small hangars to modern terminals bustling with passengers, becoming a crucial contributor to the nation’s economic and infrastructural progress.

According to the International Air Transport Association (IATA), the air transport industry in Nigeria adds $2. 5 billion to the country’s GDP annually and supports around 217,000 jobs, highlighting its significant role in employment and growth.

Currently, Nigeria boasts 10 domestic passenger airlines, with its skies showcasing ambition and innovation, reflecting the entrepreneurial spirit that has long shaped the country’s business landscape.

The domestic airline seat capacity has seen a six percent year-on-year growth, rising from 642,717 seats in October 2024 to 681,204 seats in October 2025, making Nigeria the second-largest domestic aviation market in Africa, following South Africa.

For many years, Nigeria’s aviation industry has not only been shaped by pilots and cabin crews. Behind the bustling airports and impressive statistics are the visionaries who invest heavily to keep the industry moving. These entrepreneurs and promoters build fleets, open new routes, and design customer experiences that propel local airlines onto the global stage.

Here are the founders of the top 10 Nigerian passenger airlines:

10.

Arik Air was founded in 2004 by Sir Joseph Arumemi-Ikhide, a Nigerian engineer, entrepreneur, and investor with significant interests in aviation, engineering, and agriculture.

Sir Arumemi-Ikhide, a graduate of Mechanical Engineering from Ahmadu Bello University, Zaria (1973), began his career through Rockson Engineering Company Limited, which he established in 1999. The company quickly became one of Nigeria’s leading engineering firms, employing hundreds of engineers and technicians and managing assets worth over $300 million.

Following the liquidation of Nigeria Airways, Arumemi-Ikhide identified a gap in the country’s aviation sector and founded Arik Air in 2004, officially commencing operations in October 2006. His vision was to create a world-class Nigerian carrier capable of flying domestic, regional, and international routes.

Under his leadership, Arik Air experienced rapid growth, becoming one of Nigeria’s largest commercial airlines with a fleet of approximately 28 aircraft and destinations across Nigeria, 12 West and Central African countries, as well as intercontinental routes like London Heathrow, New York JFK, and Johannesburg.

Sir Arumemi-Ikhide’s leadership was recognized for setting new standards for air travel in West Africa, earning him multiple accolades, including the national title of Commander of the Order of Niger (CON).

However, the airline later faced severe financial challenges, and in 2017, the Asset Management Corporation of Nigeria (AMCON) took over its management due to mounting debts, resulting in a significant shift in control.