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In a decisive intervention aimed at stabilising Nigeria’s aviation sector, President Bola Ahmed Tinubu has approved a 30 per cent relief on outstanding statutory debts owed by domestic airlines to key aviation agencies, offering much-needed respite amid rising operational costs.
The relief package covers accumulated obligations including parking charges payable to the Federal Airports Authority of Nigeria, navigational fees owed to the Nigerian Airspace Management Agency, as well as other regulatory dues.
The move is widely seen as part of broader efforts by the Federal Government to cushion the effects of the persistent Jet A1 fuel crisis, which has significantly strained airline finances across the country.
The…