President Bola Ahmed Tinubu has approved a 30 per cent reduction in charges owed by airlines to Nigeria’s aviation agencies.
The Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), disclosed the development on Thursday, noting that the decision is aimed at easing the burden of rising operational costs on airline operators.
He added that the approval was communicated during an official engagement with stakeholders.
“So this evening, Mr. President just communicated to us through the Chief of Staff, while we were at the meeting, that he’s granting a 30 percent discount to all airlines,” Mr. Keyamo said.
However, the discount covers outstanding debts owed to key aviation agencies, including the Federal Airports Authority of Nigeria (FAAN), the Nigerian Civil Aviation Authority (NCAA), and the Nigerian Airspace Management Agency (NAMA).
The move follows a meeting between the federal government, led by the aviation minister, and major industry stakeholders recently.
Airline operators had earlier warned of a possible shutdown or fare hike amid rising aviation fuel costs.
They also urged aviation agencies to grant debt waivers to prevent service disruptions.
