FG approves N4 billion naira bailout for domestic airlines


Nigerian airports not shut to foreign airlines — FG
File: The Domestic wing of Murtala Muhammed Airport, Ikeja, Lagos on Wednesday. Photos Lamidi Bamidele

…Senate says amount too meagre

…. Airlines owning N19.3 billion naira non- remitted TSC

By Lawani Mikairu

The Minister of Aviation, Senator Hadi Sirika Monday said the federal government has approved N4 billion Naira bailout fund for domestic airlines to mitigate the adverse effects of covid-19 pandemic on them.

However, the Senate Committee on Aviation chairman, Senator Smart Adeyemi said the approved amount is small and urged the government to increase the amount.

In a related development, the Minister revealed that the domestic airlines are owning Nigeria Civil Aviation Authority, NCAA, about N19.3 billion naira non-remitted TSC money collected from passengers on behalf of NCAA

Aviation Minister, Hadi Sirika made all the disclosure yesterday in Abuja during a three day public hearing to repeal and enact Acts of Nigerian Civil Aviation Authority (NCAA), the Nigerian…

Source: Vanguard Newspaper