Section 96: Eligibility for licences and permits. Cap. N117 LFN, 2004.

(1) Notwithstanding the provisions of section 17 of the Nigerian Investment Promotion Commission Act, the Authority shall not grant any licence, permit, certificate or other authorisation under an application, unless it is satisfied that -
(a) the applicant is-
(i) a citizen of Nigeria, or
(ii) being a company or a body corporate, is registered in Nigeria and has its principal place of business within Nigeria, and is controlled by Nigerian nationals;
(b) the applicant is a fit person, having regard to-
(i) his and his employees' experience in the field of aviation and his and their past activities generally, and
(ii) where the applicant is a body corporate, whether the person appearing to the Authority to exercise control over it, is a person possessing relevant and sufficient skill and experience in the field of aviation and fit and proper to operate aircraft under the authority of the licence, permit, certificate or other authorisation which the Authority shall grant to it; or
(c) the resources of the applicant and the financial arrangements made by him are adequate for discharging his actual and potential obligations in respect of the business activities in which he is engaged if any, and in which he may be expected to engage if he is granted the licence, permit, certificate or other authorisation which the Authority considers should be granted to him under the application.
(2) The provisions of subsection (1) shall not apply to any licence, permit, certificate or other authorisation needed by a person for the purpose of operating an aircraft for private use only.