Modern society continues to depend heavily on the wealth and services generated by highly automated and mechanised systems. Therefore, physical assets, including manual and automated systems, must be directed and safeguarded. When these assets fail, life, property, credibility, and trust are typically lost. In the face of rapidly changing technology and maintenance philosophies, one way to avoid failures and catastrophes is to learn from past failures and implement the lessons or recommendations derived from such analyses and reports. Nigeria, like other nations, has experienced disasters caused by asset failures in businesses, factories, and residences.Consequently, the purpose of this article is to raise public awareness and alarm regarding the repercussions of the Nigerian aviation industrys failure to learn from past failures and disasters. As a case study, it employs a documented Dana Air aircraft accident report. In addition, it employs Fault Tree Analysis (FTA), a deductive failure technique, and Reliability Block Diagram (RBD) to gain a deeper understanding of the aircraft accident and its root causes. As a result, a feedback loop is established for the development of additional ideas and actions to prevent future disasters in Nigeria.