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Airline operator urges FG to expedite release of foreign airlines’ $450m ticket sales

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Airline operator urges FG to expedite release of foreign airlines’ $450m ticket sales

Chief Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to expeditiously repatriate the 600 million dollars ticket revenue belonging to foreign airlines operating in the country.

Adewale, also former Vice-Chairman, National Association of Nigerian Travel Agencies (NANTA) made gave the charge in a statement he issued on Saturday in Ikeja.

One of the airlines, Emirates Airlines on Thursday announced the suspension of its flight operations in Nigeria from Sept. 1, over its inability to repatriate its funds from the country.

International carriers operating in Nigeria have repeatedly complained about their inability to repatriate funds to their home countries.

Blocked funds belonging to these airlines have risen to about 600 million dollars as the CBN had not been able to make the dollar available for the carriers to repatriate.

READ ALSO: Emirates Sets Sept Date to Suspend Flights to Nigeria

Adewale stated that revenue from ticket sales which accumulated since 2021 till July 2022 was blocked by the CBN from being repatriated to airline operators through the International Air Transport Association (IATA).

“The repatriation of revenues of all tickets sold to travellers by airline operators to their home offices is the responsibility of the CBN, but it has refused to release the equivalent in dollars for service already rendered.

“We have lost so many airlines and jobs are being lost in the aviation sector and at airports generally.

“The development is inimical to our economic wellbeing as a nation; from the spiritual angle of thought, it is wrong to muzzle the ox that threads the corn,’’ Adewale stated.

The airline chief decried that the blocked funds had already led to reduction of air connectivity and restriction of flights.

He stated that it was disheartening that the same FOREX being denied the airlines was being released to import non-essential products such as champagne and tooth picks.

“If foreign airlines suspend flight operations, businesses will be shifted to neighbouring countries like Ghana and Benin Republic.

“The issue is so difficult for the operators, who now borrow FOREX from their home offices to fuel their airplanes.

“With the increase in dollar rate leading to rise in flight ticket prices, especially en-route America and Dubai, which is now over a million naira, the environment is getting hostile for businesses to thrive,’’ he stated.

Adewale appealed to the Ministers of Aviation, Finance and the CBN to do the needful and ensure release of FOREX.

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NEWS

Borgu: ‘We Must Never Normalise the Killing of Nigerians’ — Peter Obi

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Peter Obi has condemned the reported killing of some Nigerians abducted in Borgu, Niger State, saying the country must never normalise the killing of its citizens.

Obi made this known in a statement released via X on Wednesday, where he described the reports emerging from Borgu as increasingly difficult to comprehend and deeply painful.

He recalled that on August 27, he had expressed his anguish over the reported abduction of about 600 Nigerians, including women, children and elderly people, alongside the killing of others.

ALSO SEE: ‘You Should Not Have to Leave Nigeria to Succeed’ – Peter Obi Tells Nigerian Youth

According to him, his anguish has deepened following continuing reports of the gruesome killing of some of those abducted, while many others remain unaccounted for.

Obi also referred to another disturbing incident in which a bandit group reportedly beheaded a Nigerian and sent his severed head to a community leader over a ₦50 million levy.

“If the reported killing was intended to increase pressure on the community and extract more money for those still being held, then we must recognise the terrible reality before us: human life is being deliberately turned into a bargaining instrument,” he said.

The former Anambra State governor said one person being killed to terrorise an entire community while others are kept alive as hostages for more ransom amounts to the systematic devaluation of human life.

“These are not statistics. They are Nigerians. They are mothers, fathers, children, brothers, sisters and elderly people,” Obi said.

He questioned how long the country would continue to accept the kidnapping of hundreds of citizens, killings, criminal levies, displacement and ransom payments as unavoidable features of Nigerian life.

Obi said insecurity also affects families, farms, businesses, education and public confidence in government.

He called for intelligence-led operations, stronger community security, rapid response, better coordination and equipment for security forces, effective border protection and sustained action against criminal networks.

“The primary responsibility of government is the security and welfare of its citizens,” he said.

“While politicians prepare for elections, Nigerians are asking for something more fundamental: the right to live.”

Obi urged the government to match prayers with action, insisting that no criminal group should determine who lives or dies anywhere in Nigeria.

“Every Nigerian life matters. Every victim deserves justice. Every community deserves protection. Nigeria must restore security, justice, and the dignity of human life,” he added

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Atiku Meets Aisha Buhari, Says Nigeria Must Become Affordable Again

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Former Vice President Atiku Abubakar has called for Nigeria to become more affordable, saying families across the country are being stretched by the rising cost of basic necessities.

Atiku made the call on Wednesday after receiving former First Lady Aisha Buhari, whose visit he described as warm and deeply appreciated.

SEE MORE: 2027: Atiku, Amaechi Meet David Mark-Led ADC Leadership

According to Atiku, the visit was also a reminder of the urgent responsibility before those seeking a better Nigeria: to put the welfare, dignity and future of Nigerians first.

“Across our country, families are being stretched by the rising cost of food, transport, education, healthcare and other basic necessities,” Atiku said.

He said Nigerians deserve an economy that rewards hard work, restores opportunity and allows every family to live with dignity and hope.

“That is the Nigeria we must build together, a country that works for its people again,” he said.

Atiku added “We must ease the burden, restore hope and Make Nigeria Affordable Again.”

 

 

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‘You Should Not Have to Leave Nigeria to Succeed’ – Peter Obi Tells Nigerian Youth

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Former Anambra State Governor and NDC presidential candidate, Peter Obi, has said Nigerian youths should not have to leave the country before their talents are recognised or their dreams become achievable.

Obi stated this in a statement released on Wednesday as he concluded a four-day working visit to the United States.

According to him, the visit provided an opportunity to engage with prominent personalities and discuss issues concerning Nigeria, the United States and the future of Nigeria’s youthful population.

ALSO READ: Peter Obi Backs Dangote Refinery IPO, Urges Nigerians to Invest

Obi said one of the most fulfilling parts of the visit was meeting young Nigerian professionals in the US, including doctors, lawyers, engineers, technology professionals, entrepreneurs, educators and business leaders.

He said many of them were excelling in their respective fields while remaining committed to the development of Nigeria.

“My message to them was simple: you are not outsiders to Nigeria’s future; you are an important part of it,” Obi said.

He described the knowledge, experience and innovation of Nigerians in the diaspora as “enormous national assets,” stressing the need to build a country that welcomes their contributions and provides every Nigerian with a meaningful opportunity to participate in national development.

Obi said his vision of a “New Nigeria” was one where “the son or daughter of a nobody can become somebody without knowing anybody,” adding that a person’s background should not determine their destination.

He also called for Nigeria to move from consumption to production, while investing in education, healthcare and human capital, supporting businesses, creating productive jobs and building an economy that gives young Nigerians reasons to believe in their future at home.

“Our young people should not have to leave Nigeria before their talents are recognised or their dreams become possible,” he said.

Obi also disclosed that he engaged with diaspora media, including NoireTV Network and Adeola Talks, during the visit, where he shared his views on building a more productive, secure and prosperous Nigeria.

Describing the visit as fulfilling, Obi said the work of building the country must continue.
“Our challenges are great, but our potential is greater. We have the people, the talent, and the resources to build a country where opportunity is not determined by who you know or where you come from, but by what you can contribute,” he said.

“That is the Nigeria we must build together — a Nigeria that works for everyone.
“A New Nigeria is POssible.”

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