in Business & Finance

Nigeria’s government approve bailout for domestic airlines

Posted 9 November 2020 · Add Comment

Nigeria’s government has approved a USD10.3 million bailout for domestic airlines following the adverse effects of Covid-19.


Image of Hadi Sirika by Wikipedia

Aviation Minister Hadi Sirika said during a three-day public hearing in Abuja the government had also approved an additional USD2.5 million in funding to aviation agencies to “cushion the sorry state of most of them, which has made payment of salaries difficult for many of them".


Sirika also announced that domestic airlines have racked up around  USD49.3 million in non-remitted Ticket Sales Charges (TSC) and Passenger Service Charges (PSC) to the NCAA over the past 10 years.


NCAA director-general, Musa Nuhu, said: “We are going to start taking action and implement actions to recover most of the monies. We have started action last week on airlines that owe us. The irony is that these are taxes the airlines collected from the passengers. These are not their money. They collected but refused to remit.”

Other Stories
Latest News

Menzies Aviation adds three senior members to MEAA team

Menzies Aviation has today announced the appointment of three senior members to its Middle East, Africa and Asia (MEAA) team: John Henderson as Senior Vice President Operations MEAA, Gemma Sinclair as Vice President HR MEAA and Kevin

Air Seychelles to resume scheduled flights to Mauritius in October

Air Seychelles will be resuming scheduled passenger flights to the neighbouring island of Mauritius this October, after an absence of more than 18 months on the route.

RwandAir and Qatar Airways join forces

RwandAir and Qatar Airways have forged a new partnership. As part of the strategic agreement, the extensive interline agreement will give customers access to the networks of both airlines.

Airbus reports half-year 2021 results

Airbus has reported consolidated financial results for the half-year (H1) ended 30 June 2021.

TRAINING: Kenya and UK sign defence agreement

UK and Kenya have signed new defence cooperation agreement to tackle shared threat from Al-Shabaab with training at the heart of the agreement.

African airlines’ international cargo demand in June increased 33.5%

The International Air Transport Association (IATA) has released data for global air cargo markets for June showing a 9.9% improvement on pre-COVID-19 performance (June 2019).

Aviation Africa 2021 SKOC
See us at
Aviation MENA 2022WDS BT1202090322Aviation Africa 2021 BTOCDAS21_BT