The proposed national airline would be unveiled before the end of this year, the Federal Government announced on Sunday.
It also stated that it had received the Outline Business Case Certificate of Compliance for the airline, adding that the project was progressing adequately.
The Minister of State for Aviation, Senator Hadi Sirika, disclosed this at the headquarters of the aviation ministry in Abuja while receiving the certificate of compliance from the Director-General of the Infrastructure Concession Regulatory Commission, Chidi Izuwah.
Sirika said the presentation of the certificate to the government was an official approval of the process through which the project had gone so far.
He said there was no doubt that the issue of national carrier for Nigeria was very close to the hearts of both the government and the people, adding that this was why the government had taken the Public Private Partnership option with the belief that it was the only way to deliver an airline that would stand the test of time.
The minister commended the efforts of the ICRC in ensuring that the national carrier project remained on track through the observation of all legal regulatory frameworks.
Sirika also expressed satisfaction with the way the transaction advisers had carried out their assignments and gave an assurance that the national carrier that would be delivered would be world class in operation and management.
He debunked claims that the national carrier would lead to the collapse of other airlines operating in the country.
According to him, Nigeria, with a population of over 180 million people with so many unserved routes, offers more than enough space for all serious airlines to operate profitably.
In his address, Izuwah said the presentation of the certificate of compliance was an official green light to proceed with the procurement process.
He stated that the commission, in granting the certificate, had reviewed the Project Structuring Report, also known as the Outline Business Case, in line with the ICRC Act of 2005.
According to Izuwah, the certificate was granted on condition that the Federal Government was committed to leveraging private sector capital and expertise towards the establishment of the national carrier through the provision of a Viability Gap Funding for the project.
He warned that any attempt to impose government control on the project would invalidate the certificate and the entire process.