Nigeria to free up aviation sector

Juliette O'Neill
By Juliette O'Neill August 17, 2016 16:52

Nigeria to free up aviation sector

Nigeria, namely the difficulty in sourcing aviation fuel and repatriating funds, which has led many foreign airlines to cease operations to the country.

Following the meeting, Aliero confirmed that the shortage of aviation fuel in the country was a problem that could be resolved by the federal government. The funding challenges will need constitutional change, however, to facilitate the repatriation of funds owed by airlines to the federal government.

“As regards repatriation of funds, it is more of a constitutional problem,” said Aliero. We will look at ways of fine tuning the constitution so as to make it possible for airlines to remit funds owed government.”

He added: “There is also the need to unbundle the aviation sector. We are of the opinion that if this is done, the operations of the sector will be liberalised and that will go a long way to boosting revenue generated. So, these are the issues, and since these problems exist, we will invite the Aviation Minister so we can find a lasting solution to them.”

Juliette O'Neill
By Juliette O'Neill August 17, 2016 16:52