Airlines in Nigeria are to receive relief measures approved by President Bola Tinubu, following a sharp rise in the cost of Jet A1 fuel. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the intervention after a Wednesday meeting with officials from the Federal Ministry of Petroleum Resources, airline operators, and oil marketers. The President has approved a discount on outstanding fees owed by airlines to the Federal Government, aimed at easing financial strain on operators. Keyamo stated the move is intended to prevent disruptions in air transport services amid growing concerns over fuel costs. He added that a special committee will be set up by the President in the coming days to review and reduce multiple taxes and levies included in airfares. The measures are designed to relieve pressure on both airline operators and passengers. The aviation sector has faced increasing instability due to the surge in Jet A1 fuel prices, which operators have described as unsustainable for continued operations.
Festus Keyamo announces relief for airlines while operators continue paying the same high fuel prices that threaten shutdowns. The approved discount applies only to government fees, not the core cost of Jet A1 fuel, leaving airlines exposed to ongoing market pressures. Passengers will still bear the burden of high airfares despite promises of tax reviews yet to be implemented. The delay in forming the committee means immediate relief remains limited to a partial financial concession.
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