The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the high cost of doing business in Nigeria’s aviation sector remains unsustainable, despite the Federal Government’s recent approval of a 30 per cent discount on outstanding debts owed by domestic airlines.
In a statement issued on Sunday, Muda Yusuf, Chief Executive Officer of CPPE, welcomed the debt relief initiative approved by President Bola Ahmed Tinubu, describing it as a timely intervention for operators struggling with rising and unsustainable operating costs.
He also acknowledged the role of Festus Keyamo, Minister of Aviation and Aerospace Development,…