From Sola Ojo, Abuja
In a major boost to Nigeria’s aviation sector, President Bola Tinubu has approved a 30 per cent reduction in statutory debts owed by domestic airlines, a move aimed at easing financial strain and sustaining operations amid rising fuel costs.
At a meeting with government officials two days ago, key airline operators sought total debt relief from the federal government.
The relief package covers accumulated charges payable to key aviation agencies, including the Federal Airports Authority of Nigeria (FAAN) and the Nigerian Airspace Management Agency (NAMA), among others.
Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed that the directive, communicated through Chief of Staff Femi…