December 4, 2022



FG strikes to stave off overseas airways exit, guarantees launch of  $464m

In a transfer to avert the looming exit of overseas airways from working within the nation, Minister of Data,  Lai Mohammed, has disclosed plans by the federal government to launch over $464 million caught funds owned by overseas airways.

Minister mentioned related authorities of the federal government have escalated motion on the difficulty assuring that very quickly the matter might be historical past.

That is heart-warming for the carriers that had mounted stress on the federal government to speed up the discharge of their funds which have triggered them untold hardship.

A number of the affected airways are contemplating measures equivalent to suspension of flight providers and others threatening to chop down flight frequencies to attenuate their losses.

United Arab Emirates carrier- Emirates Airways had already issued a discover of flight suspension efficient September 1, 2022.

The Worldwide Air Transport Affiliation (IATA), final week criticized the Nigerian Authorities for holding over $464 million as proceeds of ticket gross sales by airways working within the nation.

In keeping with the Minister: “The Federal Authorities is conscious of the difficulty and motion is being taken. I can guarantee you that related authorities are engaged on it. Very quickly the matter might be resolved.”

The Minister, who gave the indication whereas touring Lagos airport, described the brand new terminal as one of many poster tasks of the federal government in its vital infrastructure drive.

He claimed that no different administration has proven sufficient dedication to alter the narrative in regards to the aviation sector.

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