Nigerian Aviation Industry Calls for Support Over Taxation

Okonkwo stresses the importance of providing support instead of imposing taxes on the aviation industry in Nigeria. He highlights that accessing single-digit loans is crucial for the industry's growth and competitiveness, especially when compared to global carriers like British Airways and American Airlines.
Okonkwo argues that high loan interest rates hinder the sector's development, making it challenging for airlines to cover costs and remain profitable. He urges the government to view aviation as an essential business for economic growth and calls for favorable policies to enhance the industry's viability and attract investment.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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