Why President Tinubu Approved 30% Relief On Airlines’ Debts, By Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo (SAN) says President Bola Ahmed Tinubu approved a 30% discount on outstanding statutory fees owed by domestic airlines to aviation agencies, in a decisive move aimed at alleviating operational pressures within Nigeria’s aviation sector.
According to the Minister, the initiative underscores the administration’s commitment to stabilizing the aviation industry, safeguarding airline operations, and ensuring the continued viability of domestic air transport services across the country.
The relief covers accumulated debts including parking charges payable to the Federal Airports Authority of Nigeria (FAAN), navigational charges owed to the Nigerian Airspace Management Agency (NAMA), as well as other regulatory obligations.
This intervention comes as part of the Federal Government’s broader efforts to cushion the impact of the ongoing Jet A1 fuel crisis, which has significantly increased operating costs for domestic carriers.
According to Tunde Moshood, Special Adviser On Media and Communications to the Honourable Minister, Minister Keyamo disclosed that the presidential directive was formally conveyed through the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila.
