President Bola Tinubu has approved a 30% discount on outstanding statutory fees owed by domestic airlines to aviation agencies.
The decision is aimed at alleviating operational pressures within Nigeria’s aviation sector.
The debt relief covers accumulated debts including parking charges payable to the Federal Airports Authority of Nigeria (FAAN), navigational charges owed to the Nigerian Airspace Management Agency (NAMA), as well as other regulatory obligations.
This intervention comes as part of the Federal Government’s broader efforts to cushion the impact of the ongoing Jet A1 fuel crisis, which has significantly increased operating costs for domestic carriers.
The president’s decision according to the Minister of Aviation and Aerospace Development, Festus Keyamo was formally conveyed through the Chief of Staff to the President, Femi Gbajabiamila.
According to the Minister, the initiative underscores the administration’s commitment to stabilising the aviation industry, safeguarding airline operations, and ensuring the continued viability of domestic air transport services across the country.
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