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A Peoples Democratic Party presidential candidate, Alhaji Atiku Abubakar, has called for a debate, on the economy, among all the presidential aspirants on the economy.Photo Atiku ? this man looks like a Hitman sha

Abubakar, a former vice-President, made the call after submitting his nomination form at the PDP national secretariat on Tuesday in Abuja.

The Adamawa State- born politician said the economy should be the main issue in the 2011 election campaigns.

“The issue of economic recovery for Nigeria cannot be a matter of wishful thinking nor of rhetoric. It is a subject for rigorous analyses and provision of well-thought, viable, practicable and sustainable strategy,” he said.

Abubakar said that all aspirants must be able to tell Nigerians how they intended to confront the challenges of the economy and reposition it for the benefit of all at the shortest possible time.

He said, “Of all the aspirants that have declared interest in the presidential election, I consider myself the most qualified to address the daunting economic challenges facing the country.

“I am the only one who has successfully managed a business and you need extensive knowledge of the private sector to combine its potential with the authority of the public sector to address this challenge.”

The former vice-president said his approach to resolving the economic crisis in the country was contained in a 47-page Policy Document he presented on August 15, 2010 while announcing his intention to contest the 2011 presidential poll.

He said, “We are faced with a job crisis of monumental proportions. Unless we evolve strategies to dealing with the teeming population of young people churned out almost on a daily basis, we may risk the destruction of the next generation.

“If we fail to channel the energies of this huge population, they could be a potent force for instability and social unrest.”

Abubakar, however, stunned journalists when he said that he was not aware that the President had declared his intention to vie for the PDP ticket.

“I didn’t see it (declaration). Honestly, I didn’t watch it,” he said.

Twenty seven out of the 28 PDP governors were among thousands of people that attended Jonathan’s presidential declaration at the Eagle Square on Saturday in Abuja. The event was shown live by some public and private television stations nationwide.

On the reported move by some politicians to produce a consensus presidential candidate among the Northern aspirants, Abubakar said, “There is a process for the emergence of a consensus candidate in the North. It shows that North is even more united if “they” agree to bring out a consensus candidate.”

He also said he was not aware of the support that Jonathan was getting from the northern states.

Reacting to the challenge, the Presidential Adviser to Jonathan on National Assembly Matters, Senator Mohammed Abba-Aji, said the President was ready for such a debate.

“We are ready for it (debate) anytime. The President has talked about all the aspects of the economy when he declared. If they want more, we are ready for them,” he said.

Another aspirant, who is also the Kwara State Governor, Dr. Bukola Saraki, also expressed readiness for the debate.

“We are ready for the debate. That is what we have been calling for. Without such an issue-based debate, we will not be able to get the best candidate. Saraki is ready for it,” one of the governor’s aides, Mr. Billy Adedamola, said.

Today,Aero Contractors, one of Nigeria’s oldest commercial airline involved in domestic and regional transport business, may suspend its flight operations following accumulated debts of about $200m.

The airline, which has been in regular negotiations with its banker (Oceanic Bank Plc) for about six months, disclosed that it has now reached a point where it is difficult for the carrier to operate on the terms of discussions with the financial institution.

“Though flight services might be affected if this continues, Aero is still flying and operations are still on,” said a reliable source at the carrier on Tuesday in Lagos.

Meanwhile, the airline in a statement “regrettably” disclosed that the unilateral decision taken by the bank on the morning of April 23, have effectively prevented the carrier from paying its suppliers and lessors, including Canadian Helicopter Company (CHC).

“The dilemma centres on the allocation of historical debt. The management teams at Oceanic Bank and Aero have been in constant dialogue about this matter for the previous six months. However, they have been unable to agree on a resolution that will allow Aero to continue trading as a going concern,” said the carrier in a statement.

The carrier, however, disclosed that it has approached Nigeria’s minister of aviation, Fidelia Njeze; the National Security Adviser, Aliyu Mohammed; and the Director General of the Nigerian Civil Aviation Authority (NCAA), Harold Demuren, in the belief that they will intervene as an arbitrating party between Aero and Oceanic.

Commenting on the development, the airline’s chief executive officer, Shaf Syed, disclosed that the carrier is poised to set itself on a better pedestal, regardless of the thorny condition.

“Despite the difficult situation that Aero finds itself in today, I am sure the strategic importance of Aero Contractors to the national economy will be appreciated and good sense will prevail all around,” he said.

“We have every confidence that Aero will be able to set itself on a good platform and we look forward to a bright future, serving a third of the Nigerian Oil & Gas industry and 1.5 million passengers each year.”

It would be recalled that Aero Contractors commenced the online sales of reduced promotional airfares varying from N7,000 to N3,000 across all domestic routes, which it covers for one way trips.

The airline, which is notable for the introduction of online check-in of passengers, recently introduced an advanced pricing strategy and price optimisation application called Aviator, which has a capacity of making available 26 different types of fare on every flight for passengers.

Nigerian passengers may be stranded on Sunday (today) as the ripple effect of a fresh Icelandic volcano ash cloud stretching over Northern Spain and Southern France has resulted in flight delays and cancellations between Europe and North America on Saturday.

In Spain, for instance, 19 airports including the international hub in Barcelona were closed on Saturday with the country‘s airport authority saying that more than 670 flights had been cancelled by 14:00 (1200 GMT).

Likewise, 125 flights in and out of Portugal were cancelled as at noon local time (1100 GMT).

Due to the congestion on the alternate routes, particularly over southern Portugal and Spain where many of the planes were being funnelled, some trans-Atlantic flights were taking significantly longer. An Air France flight from Boston arrived in Paris Saturday with a delay of more than four hours.

Aer Lingus also cancelled flights from the United States to Dublin, citing the exceptionally circuitous routes to get around the cloud.

According to the Associated Press, the prospect for Sunday flights remained grim, with no improvement in sight for trans-Atlantic passengers because of the plume of low-altitude ash continuing to float eastward over Spain and southern France..

Flights had to be rerouted north over Greenland or south around Spain to avoid the 1,200-mile long cloud stretching from Iceland to northern Spain.

Approximately 600 airliners make the oceanic crossing every day.

The disruptions to air traffic did not compare to the five-day closure of European airspace last month, which forced the cancellation of over 100,000 flights, stranded passengers around the world and caused airlines direct losses of more than N1b euros.

An official of Lufthansa in Nigeria said there were a few delays in its transatlantic flights. This is expected to start affecting flights to other countries including Nigeria, according to airport officials.

Information posted on Airfrance‘s website as at 5pm on Saturday said, ”French airspace remains open. Routes for flights going to or coming from North America, Central America and the Caribbean are modified to avoid the volcanic cloud.”

British Airways, KLM, Arik Air and Virgin Atlantic in Nigeria said that they were yet to be affected as at Saturday but could not tell what could happen on Sunday.