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.”

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