Experts: FX Challenge, Multiple Taxation, Poor Infrastructure Threat to Nigerian Airlines Chinedu Eze Aviation industry experts have warned that the continuous scarcity of foreign exchange, multiple taxation, poor airport infrastructure an
Aviation industry experts have warned that the continuous scarcity of foreign exchange, multiple taxation, poor airport infrastructure and lack of capacity, will have negative impact on airline business in Nigeria, if urgent measures are not put in place.
The Managing Director and Chief Executive Officer of Aero Contractors, Captain Ado Sanusi, told THISDAY that the challenges, which the airlines faced in 2022 would reoccur in 2023 and continue to undermine the operations of domestic carriers because there have been no efforts to eliminate them. Sanusi also noted that even if supply of aviation fuel is guaranteed, moving the product to the airport would still face the same hiccups it is currently facing due to poor infrastructure, remarking that the solution to that challenge is the rehabilitation of the pipeline that links the airport to Ejigbofuel depot for faster supply of the product to the airport.
“If the needed infrastructure is provided by government, the industry will become attractive to private investors that will be willing to commit their resources to develop the sector,” Sanusi observed. “This is why it is believed in some quarters in the industry that the amount collected as ticket sales charge should amount to a trillion naira a year but some of these monies are allegedly being diverted and nobody wants to discuss it. This charge should be reviewed along with other policies that tend to retard the industry.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Makinde begins second term campaign, faces multiple battlesOn Thursday, the Oyo State Governor, Seyi Makinde, who was elected on the platform of the Peoples Democratic Party in 2019 began the campaign for his re-election.
Read more »
Multiple People Shot Outside U.S. Restaurant During Rapper French Montana Video Shoot | Sahara ReportersAuthorities in the United States are investigating a shooting outside a Miami Gardens restaurant Thursday night which left at least 10 people injured, according to multiple reports. The shooting may have involved rappers French Montana and Rob49, as the two were recording a music video in the area, according to WFOR-TV. Miami Gardens police responded to the shooting outside The Licking restaurant just before 8 p.m., where they found multiple victims, according to WSVN. Police have not confirmed the number of injured, though sources told the station it was more than 10.
Read more »
SDP chieftain accepts Kwara Govt’s challenge to public debate over N337bn revenue claimMr Oyedepo is yet to deny making the allegation.
Read more »
Govt can earn N7tn from mini-grid, others – ExpertsNigeria has the potential to earn N7tn from mini-grids, grid and solar home systems, according to experts.
Read more »
Manpower challenge deepens as 'Japa' syndrome risesHENRY FALAIYE examines the impact of the migration of Nigerian skilled workers on the labour market
Read more »
Omo-Agege: LG Autonomy Bill Greatest Challenge to Constitution Amendment – THISDAYLIVE
Read more »