Nigeria's aviation industry loses N21 billion monthly to COVID-19 - Minister - Premium Times Nigeria

Nigeria’s aviation industry loses N21 billion monthly to COVID-19 – Minister

Nigeria’s aviation sector has been losing about N21 billion monthly since the outbreak of COVID-19 in the country, an official has said.

“In civil aviation, we are in a very difficult moment like everyone else. All of these things started because someone travelled and unfortunately came back home with it and the consequence is what we have been going through. “Also the figures from the International Airline Transport Association Economics gave economic impact in Africa’s largest aviation market and that for Nigeria; airline revenue loss is $994 million. In terms of employment at risk in Nigeria, it is 125,370 and loss of contribution to the GDP is $885 million.

”This is the figures by the Nigeria Bureau of Statistic. We believe the roadmap we are running will take us to greater heights and it is adding to the GDP and the general wellbeing of our economy,” he said.”This is the situation of civil aviation, it is a pathetic one, we are all crying and I can guarantee you several airlines are not going to come out of it, unfortunately.

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