By Ayo Kehinde
President Bola Tinubu has approved a 30 percent reduction in debts owed by domestic airlines to federal aviation agencies, offering critical financial relief to operators grappling with surging operational costs, particularly the sharp rise in aviation fuel prices.
According to Reuters, the Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the presidential approval on Thursday night, describing it as a decisive intervention to sustain Nigeria’s aviation industry and avert disruptions in air travel services.
Keyamo said the approval was conveyed in an official communication from the President’s Chief of Staff, Femi Gbajabiamila, underscoring the administration’s commitment to…