Top Stories

FG to airlines: No immediate solution to aviation sector crisis

The Federal Government has said there were no immediate solutions to the crisis rocking the country’s aviation sector.

The Minister of Aviation, Hadi Sirika, said this in his office in Abuja on Tuesday during an emergency meeting with the Airline Operators of Nigeria (AON).

He made this known after the AON President, Abdulmunaf Sarina, appealed to the Federal Government to intervene in the increasing price of aviation fuel, otherwise known as Jet A-1.

Sarina said the aviation fuel crisis began from N180 per litre to N1,000 per litre, adding that the foreign exchange (Forex) crisis was a huge burden on the aviation industry.

“The rate at which the dollar is escalating now is very alarming. Every day, a difference between N10 to N15 is added at the apparel market.

“Last week Monday, it was N610 but today, it is N670 to one dollar. We want the Federal Government to intervene,” the AON President said.

Responding, Sirika said the variables impacting the crisis in the aviation sector were beyond the industry’s control, noting that the energy crisis was a global problem.

“Energy crisis is real and it is global. Today there is aviation fuel problem all over the world. From America to New Zealand. It is aggravating in Nigeria because we do not produce the product.

READ ALSO: Aviation fuel: Prepare for flight disruptions, airlines tell passengers

“It is aggravated also because the foreign exchange is scarce in Nigeria because the source of earning the foreign exchange also has dwindled,” the minister said.

Sirika, who said the Federal Government had in the past sourced 10,000 metric tonnes of aviation fuel for the airlines, stated that the government was willing to do more.

The minister, however, assured the association that the government was in the process of finding a permanent solution to the challenges in the aviation sector.

“By importation of the product at appropriate price, accelerating the refurbishment of our refineries and also wait for the coming on stream of Dangote Refinery to boost supply of the product. Thus, it cannot immediate.

“So, when you ask how soon, I will not know when Dangote will come on stream, I will not know how soon the refineries will be filled. I will not know when imports will become sufficient.

“But the government is working towards all these to happen,” he said.

Sirika further promised to meet with relevant stakeholders including the Central Bank of Nigeria (CBN) in order for the airlines to access dollars at the official market rate rather than the black market rate.

The Star

Segun Ojo

Recent Posts

FG lifts ban on mineral exploration in Zamfara after 5 years

After more than five years of security restriction, the Federal Government has lifted the ban…

10 mins ago

UBA GMD Alawuba calls for public-private collaboration

The United Bank for Africa (UBA) Group Managing Director/CEO, Oliver Alawuba, has stressed the need…

22 mins ago

Premier League: Liverpool thrash Tottenham in 9-goal thriller

Liverpool moved four points clear at the top of the Premier League after both Luis…

12 hours ago

EPL: Bournemouth thrash Man United at Old Trafford as Everton draw Chelsea

Bournemouth thrashed Manchester United 3-0 in the Premier League at a chilly Old Trafford on…

14 hours ago

‘It’ll improve access to education’: Kaduna poly lauds Uba Sani on retirement age

Nuhu Bamali Polytechnic has commended Kaduna State Governor Uba Sani for increasing the retirement age…

15 hours ago

Atiku: 2025 budget lacks reforms to tackle Nigeria’s woes

Former Vice President Atiku Abubakar says the 2025 budget presented by President Bola Tinubu to…

16 hours ago

This website uses cookies.