Cautious optimism as FG adopts piecemeal negotiation out of $800m stuck funds | The Guardian Nigeria News


• Emirates, Etihad to resume flight operations as UAE lifts visa ban on Nigeria
• UAE keeps mum on gains
• FG, UAE may explore Egypt’s bailout option
• Stakeholders demand sustainable solution, win-win relations

Almost a year after it imposed visa ban on Nigeria and 19 other African countries, the United Arab Emirates (UAE), yesterday, lifted travel restrictions on Nigerian travellers, at the behest of President Bola Tinubu.

Tinubu’s diplomatic parley with the UAE leader, Mohamed bin Zayed Al Nahyan, in Abu Dhabi on Monday, also came with the immediate return of suspended flight operations on the Nigerian route.
While the “landmark” diplomatic resolution has been commended, aviation stakeholders however, expressed cautious optimism on Emirates’ resumption of flight operations without a sustainable solution to defray over $800 million of foreign airlines’ funds in Nigeria.

Recall that since mid-2022, foreign airlines have been…

Source: Guardian Newspaper