Minister of Aviation and Aerospace Development, Festus Keyamo, says the Federal Government plans to ease the financial pressure on domestic airlines by reducing the debts they owe aviation agencies and reviewing multiple charges in the sector.
He made this known in Abuja after a meeting with stakeholders, including the Deputy Minister of Petroleum Resources (Oil), Heineken Lokpobiri, airline operators, and other industry players.
The discussion came after airline operators warned of possible flight disruptions and higher airfares due to the rising cost of aviation fuel, Jet A1.
Keyamo explained that President Bola Tinubu has approved a plan to offer debt relief to domestic airlines, with the exact level of discount to be decided by the President after receiving formal requests from the operators.
He also said a committee has been set up to look into the various taxes, levies, and charges affecting flight ticket prices in Nigeria.
According to him, the goal is to reduce costs for airlines and make air travel more affordable for passengers.
Keyamo added that the government’s quick intervention was necessary to prevent any breakdown in flight operations following the airlines’ warning.
