Despite the N5billion intervention fund extended by the federal government to the aviation sector, stakeholders say the industry could collapse if more
“The aviation industry is a very expensive business and most people do not break even. What they just succeeded in doing is to keep the business going because everything about the industry is offshore and that is a challenge.
Meanwhile, the Nigeria Customs Service says 30 out of 65 private airplanes verified so far are liable to pay required duties to the federal government. He said that thereafter many of them failed to turn up to pay on the expiration of the agreement which necessitated the verification. Attah restated that the verification was not meant to embarrass anybody but to ensure that the right or required duties were paid to the government by the owners of these private airplanes.
“The exercise as I stated in our previous briefings, is not intended to be punitive or to embarrass them but to ensure that these private jets that operate in the country are properly documented.
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