President Bola Tinubu has approved a 30 percent discount on outstanding statutory fees owed by domestic airlines, in a move aimed at easing pressure on operators struggling with rising costs.
The relief package as contained in a statement, covers accumulated charges owed to key aviation agencies, including the Federal Airports Authority of Nigeria and the Nigerian Airspace Management Agency, as part of efforts to cushion the impact of the lingering Jet A1 fuel crisis.
Minister of Aviation and Aerospace Development, Mr Festus Keyamo, says the directive conveyed through Chief of Staff Femi Gbajabiamila, reflects the administration’s commitment to stabilizing the sector, sustaining airline operations, and keeping domestic air travel services running across the country.
Meanwhile, Nigeria’s aviation industry is celebrating a major global milestone. Following a recent audit by the International Civil Aviation Organization, ICAO at the Nigeria Civil Aviation Authority, NCAA headquarters in Abuja, the country recorded a historic 91.45 percent Effective Implementation score, the highest in its history.
The rating places Nigeria well above regional and global averages, strengthening its reputation for aviation safety oversight and boosting investor confidence in the sector.
The development is expected to enhance Nigeria’s international standing and open new opportunities for partnerships, as the country continues to align with global aviation safety standards.
Reporting By Nosa Aituamen