The federal government has reportedly suspended its planned national carrier, Nigeria Air, indefinitely.
The reaons for the suspension was not clear as at the time of writing this report.
"All commitments due will be honoured".
"I am happy and I thank government to have seen reasons with some of us, because this is outrnational carrier we are talking about and it is good we do it well".
"This will be a national carrier that is private sector led and driven".More news: South Australians find needles in their strawberries
Sirika gave no explanation for the development, which has in the last few hours generated heated debate among stakeholders and Nigerians.
In the absence of a borrowing plan for government participation, a source said, the president ruled against spending money that is not in the budget.
The Federal Government's decision to suspend a new national carrier follows its unveiling two months ago.
The Federal Government had announced the airline at the Farnborough Airshow in September, with operations expected to resume December.
Critics and industry experts were wary of the project when it was launched in July, saying arguing that Nigeria can not afford it at this time.More news: Miami Heat Have High Interest in Trading for Jimmy Butler
A statement by PDP's spokesperson, Kola Ologbondiyan, also challenged President Muhammadu Buhari to speak out on this act of corruption under his watch, particularly following allegations that funds released for the phantom project were diverted to finance his 2019 re-election bid.
In July, shortly after receiving the Outline Business Case Certificate of Compliance for the establishment of the airline from Chidi Izuwah, the Director General, Infrastructure Concession Regulatory Commission (ICRC), Sirika, a former pilot, boasted that the airline would be viable.
"Following the extensive market research, the branding of our new airline, Nigeria Air, demonstrates a true flag carrier of our nation, soaring through the skies in the shape of our nation's eagle", he said.
Nigerians have reacted in a negative manner to the suspension, in view of the billions of Naira spent as start-up costs. The carrier's tagline is: "Bringing Nigeria closer to the world".More news: Jordan Peele steps into Twilight Zone as new host