The Centre for the Promotion of Private Enterprise (CPPE) has insisted that while the recent 30 percent debt discount for domestic airlines is a welcome lifeline, it is merely a “short-term respite” for an industry struggling with several costs hindering business survival.
In a statement released on April 26, 2026, Muda Yusuf, CPPE chief executive officer, commended President Bola Ahmed Tinubu and Festus Keyamo, Aviation Minister, for the intervention. The approval allows struggling operators to shave off nearly a third of their outstanding obligations to federal agencies—a move aimed at stabilising a sector hit by a 300 percent surge in…