The Minister of Aviation and Aerospace Development, Festus Keyamo, met with the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, in a working session focused on addressing the rising cost of aviation fuel and its impact on domestic airlines. The discussion, held on Saturday, was framed within the broader reform agenda of President Bola Ahmed Tinubu's administration. Keyamo's Special Adviser on Media and Communications, Tunde Moshood, confirmed the meeting took place and outlined its objectives in a press statement. Both ministers acknowledged that volatility in Jet A1 prices is placing significant strain on airline operations. This pressure affects air connectivity, passenger traffic, and broader economic productivity, according to the statement. Areas of potential collaboration include policy alignment, fiscal interventions, and new financing models to support aviation sector growth. The ministers emphasized aviation's role in boosting trade, tourism, and regional integration. They reaffirmed their commitment to building a more resilient and globally competitive industry. Continuous engagement with stakeholders will be prioritized to ensure reforms deliver measurable benefits.
Festus Keyamo is highlighting fuel costs as a crisis for airlines, yet the government continues to rely on private firms to import aviation fuel without structural reform. The same ministers meeting to ease burdens have oversight over policies that enable fuel import dependency. Until import reliance ends, price volatility will persist regardless of inter-ministerial talks. Nigerian airlines will keep absorbing shocks the discussions only acknowledge, not resolve.
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