Aviation
Foreign airlines reintroduce lower class tickets

Following the announcement of the release of $265million trapped funds to foreign airlines by the Central Bank of Nigeria (CBN), the international carriers have reintroduced their lower class tickets, better known as lower inventory in their operations in Nigeria.This came as aviation industry stakeholders have commended the CBN for releasing $265 million in trapped funds to foreign airlines, saying the action saved the image of the country.
Some foreign airlines had raised the alarm over their inability to remit their revenues in Nigeria, amounting to about $450 million.Last week, Emirates Airlines announced that it would suspend all flights to Nigeria from September 1, 2022, over its stuck $95 million.However, the Nigerian government bowed to the foreign airlines’ pressure on Friday with the release of $265 million of the trapped funds. This development encouraged the airlines to reintroduce their lower-class tickets.
The reintroduction of the airlines’ lower inventory in their booking means that Nigerians can now buy cheap tickets for their travels.These cheap tickets were blocked by the airlines following their inability to repatriate their revenues to their countries in foreign currency.For instance, the foreign airlines had for the past three weeks introduced tickets that ranged from N1.2million to N1.5million for economy class, which used to be sold for N400,000 in January and February this year.
They also introduced N4million tickets for business classes that used to go for between N1.5million and N2million.However, with the release of part of their trapped funds, the airlines have reintroduced cheaper tickets.Some of the airlines had also reduced their flights to Nigeria to cut back losses.
Meanwhile, aviation industry stakeholders have commended the CBN for releasing $265 million to foreign airlines.They however urged the federal government to have a permanent solution to the trapped fund’s problem.Reacting to the announcement of the release of the fund by CBN, the Group Managing Director, Finchglow Holdings, and the immediate past President of the National Association of Nigeria Travel Agencies (NANTA) Mr. Bankole Bernard, commended the CBN for releasing the money to the airlines.
Bernard, who spoke to THISDAY, said the apex bank saved the image of Nigeria.
He also noted that the federal government should have opened a discussion earlier with the airlines to give them assurances on the payment.
According to him, if the government had interfaced with the airlines they would not have reduced their flights to Nigeria or sold their tickets at exorbitant rates to Nigerian travellers.
“What CBN has done is a welcome development because in everything we look at things from the positive development. But they should have saved the country the embarrassment and high cost of flight tickets levelled on Nigerians, especially those students who were travelling back to school overseas. If CBN had announced to the airlines that they would pay this money, the airlines would not have embarked on a certain action to cut down their losses, which include selling high inventory tickets and reducing their flights,” Bernard said.
Bernard argued that when tickets are bought from outside to travel to Nigeria, the country loses a five per cent charge from that ticket, known as the ticket sales charge, which the Nigerian Civil Aviation Authority (NCAA) collects on behalf of aviation agencies.
Also speaking on the issue, the former Managing Director of the Nigerian Airspace Management Agency (NAMA) and former CEO of Aero Contractors, Captain Ado Sanusi, told THISDAY that CBN has saved the image of Nigeria with the payment made to the foreign airlines.
“It is a really welcome development. But my reaction is if they knew they would make that payment they should have communicated to the airlines and assured them they would pay the money. This is because communication is key. They shouldn’t have waited until airlines began to issue threats before making the payment.
“Let me also call on the government to make forex available to domestic airlines too. I think we should have a permanent solution to forex. This should be made available to both local and international airlines,” he said.
On his part, an industry analyst and the Publicity Secretary of Aviation Round Table (ART), Olu Ohunayo noted that the payment has helped Nigeria to redeem its image.
He said that the challenge before Nigeria is to win back its credibility as a credit worthy nation.
“I hope we will not get backlash from other sectors of the economy based on our action in the aviation sector. We should not allow the industry to lump us together with Venezuela, Lebanon, and Zimbabwe which have been on this for a while. We do not belong there. Now that the first tranche of payment has been made, they must continue to provide the forex so that by December/January they would have completed the payment,” he said.
Also reacting, a travel expert and organiser of Akwaaba African Travel Market, Ambassador Ikechi Uko, told THISDAY that by releasing the funds, the Nigerian government adhered to the Bilateral Air Service Agreement (BASA) it signed with the countries that host these airlines.
He suggested that the government should find a way to release the money more regularly, even if in tranches.
“CBN should go further by extending that gesture to domestic airlines by making forex available to them. The airlines have been losing their fleet from 60 aircraft to 30 aircraft and now it might have gone down to 20. It is also good to note what the Lagos Chamber of Commerce said recently. The body noted that inflation that spiked in June and July this year was caused by a crisis in the aviation sector. The roads are bad; the number of operating aircraft has reduced; this is the time the government should address the issue of forex with domestic airlines,” Uko said.
Thisday
Aviation
Aviation workers threaten nationwide airports shutdown over Customs officer assault

Aviation workers threaten nationwide airports shutdown over Customs officer assault
Aviation unions have announced plans to shut down airports across Nigeria starting March 31 in protest against the failure to remove a customs officer who allegedly assaulted the Director of Aviation Security at the Federal Airports Authority of Nigeria (FAAN).
In a joint statement signed by Ocheme Aba (NUATE), Frances Akinjole (ATSSSAN), and Abdul Rasaq Saidu (ANAP), the unions condemned the repeated physical assaults on FAAN staff, vowing not to tolerate such incidents any longer.
The unions also called on the government to urgently reduce the number of customs officers operating within the aviation sector, aligning with global best practices. They warned that if their demands are not met, they will proceed with the nationwide shutdown, potentially disrupting air travel and operations.
The statement reads: “Considering the enormity and frequency of physical and psychological assault on the staff and management personnel of FAAN, of which there is no end in sight, we are compelled to inform the management of the unwavering determination of our unions to cause the establishment of a clear framework of mutual respect among FAAN staff and the security agencies operating at the airports.
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“Consequential sanctions are in place which guarantee the safety and human rights of FAAN staff. We shall direct all the workers to withdraw from the airports with effect from March 31, 2025, pending when such protocols are established.
“The recent assault on no less a personality than the Director of Aviation Security of FAAN is one too many, which leaves a taste too bitter to swallow. It is our sincere hope that our demand in the above respect is well met to avoid the industrial conflagration that will ensue in the absence of acceptable remedial actions.”
In response, Abdullahi Maiwada, the spokesperson for Customs, stated in a recent release that the disagreement between FAAN officials and officers of the Nigeria Customs Service (NCS) stemmed from a miscommunication over equipment movement and seating arrangements.
Aviation workers threaten nationwide airports shutdown over Customs officer assault
Aviation
Why FG stepped down merger of NCAA, NAMA – Keyamo

Why FG stepped down merger of NCAA, NAMA – Keyamo
In a significant policy shift, President Bola Tinubu has decided to halt the proposed merger of the Nigeria Civil Aviation Authority (NCAA) and the Nigerian Airspace Management Agency (NAMA), as recommended by the Steve Oronsaye report.
This announcement was made by the Minister of Aviation and Aerospace Development, Festus Keyamo.
Keyamo revealed that the aviation industry was also granted an exemption from the foreign travel ban imposed on federal government officials last year.
The ban, which took effect in April, was implemented to curb the escalating costs of travel expenses incurred by Ministries, Departments, and Agencies (MDAs) of the government.
The memo released last year stated: “Considering the current economic challenges and the need for responsible fiscal management, I am writing to communicate Mr Presideni’s directive to place a temporary ban on all publicly funded international trips for all federal government officials at all levels, for an initial period of three months from 1st April 2024.
“All government officials who intend to go on any publicly funded international trips must seek and obtain Presidential approval at least two weeks before embarking on any such trip, which must be deemed necessary”.
The Minister disclosed the reasons for the exemption in Abuja at the 25th anniversary celebration of the Nigeria Civil Aviation Authority (NCAA).
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On the merger of NCAA and NAMA, he said: “From modest beginnings, we have witnessed remarkable transformations in our sector, ranging from enhanced supervisory measures and policies formulation, safety and security oversight, robust legislative and regulatory frameworks, advancements in air traffic management, development, expansion and certification of airports, accurate meteorological services, timely accident investigations, manpower development, and indeed, the growth of indigenous airlines.
“These achievements have not come without challenges. However, with the efforts of past administrations and the total support of the present administration under the dynamic leadership of His Excellency President Bola Tinubu through the Renewed Hope Agenda and the five focus areas of the ministry, we have overcome challenges and reached new heights.
“NCAA is a child of God, and despite turbulent waters and attempts sometimes to kill the NCAA, the NCA has survived 25 years. And I’m sure you know that any child that is born at the age of 25, of course, is undoubtedly an age of maturity.
“The Oronsanye reports also recommended the merger of NCAA and NAMA. And so that was also another attempt to kill the NCAA. That report was passed from Jonathan’s government to Buhari’s government, and then to the present government.
“It was one of the first items we considered in this government. So the Oronsanye reports came up that day, and the president went on and on, considered every item in the Oronsanye report, and asked the council to vote. And for each item, they would listen to the ministers and so the president came to the merger of NCAA and NAMA as one body.
“I raised my hand, I spoke for about five minutes and because we have a wonderful president who listens to good counsel and good arguments, after I finished speaking, he said, an item dropped, the merger of NCAA and NAMA would not remain”.
On the reasons for the exemption, he said: “It is a fact that the aviation sector remains a pillar of national development, facilitating trade, tourism, investment, and cultural exchange. Whilst it is yet to realize its true potential in terms of contribution to our nation’s Gross Domestic Product (GDP), we must renew our commitment to ensuring a more progressive, sustainable, inclusive, innovative, and prosperous aviation industry.
“This necessitates the continuous adoption and integration of emerging technologies, enhancing infrastructure, and investing in human capital development to keep our skies safer and secure and attain cohesive and efficient air transportation services.
“The President directed that foreign travels should stop, except in exceptional circumstances. Last year, there was a memo around March that said it was for three months, and the President, because of his desire to ensure that we are frugal in our spending; there was another memo again in December reiterating that memo last year we should cut down on foreign travels, except by direct presidential approval.
“But let us also give particular thanks to Mr. President, because despite that memo, since last year, he has made an exception for the aviation industry. I wrote a memo to him after that directive on behalf of the entire agency that says; Sir, we respect your directive; yes, we need to be frugal because the Nigerian people have also tightened their belts in the face of the economic reforms that are taking place. However, because of the safety of this sector, Sir, we need to make some exceptions for this sector. And the President graciously granted this for the aviation sector”.
Why FG stepped down merger of NCAA, NAMA – Keyamo
Aviation
Lagos govt, Summa Group sign MoU for Lekki airport construction

Lagos govt, Summa Group sign MoU for Lekki airport construction
An international construction company, Summa Group, has been assigned the task of developing the Lekki-Epe International Airport.
This came the Lagos State government signed a memorandum of understanding (MoU) with the construction firm.
Lagos State Governor, Babajide Sanwo-Olu, announced the agreement in a post on X on Saturday.
The governor described it as a major step toward enhancing connectivity, fostering economic growth, and attracting international investment to the state
“We signed a Memorandum of Understanding (MoU) with the internationally acclaimed construction company, Summa Group, to develop and construct the much awaited Lekki-Epe International Airport,” the post reads.
“This groundbreaking initiative is an essential part of our vision to improve connectivity in Lagos, stimulate economic growth, and draw in global investments.”
The governor said the airport would ease travel, and create new opportunities for residents and businesses across the state.
On October 7, 2022, the Lagos government announced plans to construct a new airport in the Lekki-Epe axis of the state.
Jubril Gawat, senior special assistant (SSA) to the governor on new media, said the project was expected to begin in 2023 and would be constructed on 3,500 hectares of land.
He said the master plan and aeronautical designs were in place, while studies were underway to determine strategies, funding, and other considerations, after which the project will be taken to the marketplace.
The airport, expected to cater to a minimum of five million people yearly, will be constructed in partnership with local and foreign investors.
Sanwo-Olu, on January 25, 2024, said the state was preparing for the project’s groundbreaking.
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