Nigeria tops the list of blocked airline funds with $812 million

Blocked funds in the aviation industry have rose by 47% from $1.5 billion in April 2022 to $2.27 billion in April 2023, according to the latest figures released by the International Air Transport Association (IATA) and Nigeria remains at the top of the blocked airline funds country list with $812 million. Although the industry has almost fully recovered from the pandemic, trapped airline funds continue to rise, so IATA is repeatedly urging the responsible governments to address the situation for operations to continue efficiently. IATA is concerned with the rapidly rising levels of blocked funds as it substantially impacts air