The Minister of Aviation and Aerospace Development, Festus Keyamo, met with the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, in Abuja on Saturday to discuss measures to reduce operational costs for domestic airlines. The meeting focused on addressing the impact of volatile aviation fuel prices, which have placed significant strain on local carriers. In a statement issued by Keyamo's Special Adviser on Media and Communications, Tunde Moshood, the ministers identified practical and sustainable solutions as central to stabilising the sector. They discussed policy alignment, fiscal interventions, and financing mechanisms to improve liquidity and attract investment. Both ministers acknowledged that fluctuating fuel costs are affecting route connectivity, passenger traffic, and overall industry performance. Air Peace Chairman Allen Onyema previously warned that airlines could shut down if fuel costs remain high, despite interventions by President Bola Tinubu. Some Air Peace passengers on Saturday reported flight delays and rescheduling, attributing the disruptions to fuel constraints. The government said ongoing collaboration with stakeholders will ensure reforms deliver tangible benefits. The aviation sector's stability is seen as vital for trade, tourism, and regional integration. The ministers agreed to maintain engagement to implement reforms that support long-term growth and global competitiveness.
Festus Keyamo and Taiwo Oyedele are discussing solutions to airline cost pressures, yet passengers still face delays tied directly to the fuel issues they claim to be tackling. Allen Onyema's warning that airlines may shut down exposes a gap between ministerial talks and operational reality. If current interventions have not stopped service disruptions, the urgency of the crisis may be outpacing government action. Named stakeholders are experiencing immediate impacts while coordination efforts remain in progress.
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