- Tinubu Orders Review of Multiple Charges on Domestic Flights
- Onyema described the reported 300% increase in aviation fuel prices as abnormal and appealed to oil marketers to exercise caution
- Lokpobiri disclosed that discussions would be held with oil marketers to address concerns around the pricing of aviation fuel
Nigeria’s Minister of Aviation, Festus Keyamo, says the administration of Bola Ahmed Tinubu is considering granting domestic airlines discounts on debts owed to aviation agencies.
Eko Hot Blog reports that Keyamo made this known in Abuja during a meeting with stakeholders, including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, airline operators, and other industry players.
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The move comes after the Airline Operators of Nigeria raised concerns over the rising cost of Jet A1 fuel, warning that they might suspend operations or increase airfares if the situation persists.
According to Keyamo, the exact level of the discount will be determined by the president, who has also directed airlines to submit formal requests for the proposed relief.
He added that the government has approved the creation of a committee to review the multiple taxes, levies, and charges imposed on domestic flight tickets, with the aim of reducing costs for both operators and passengers.
“The intervention is to ease the burden on airlines and prevent disruption to air travel,” the minister said, noting that agencies such as the Nigerian Airspace Management Agency, Federal Airports Authority of Nigeria, and the Nigerian Civil Aviation Authority are part of the debt considerations.
Lokpobiri also disclosed that discussions would be held with oil marketers to address concerns around the pricing of aviation fuel.
Speaking on behalf of the airlines, the CEO of Air Peace, Allen Onyema, called for a full waiver of the debts and urged the government to strengthen the Bank of Industry to enable airlines access loans at lower interest rates.
Onyema described the reported 300% increase in aviation fuel prices as abnormal and appealed to oil marketers to exercise caution.
