Nigeria Urged to Slash Airfares and Curb Capital Flight in Aviation Sector
Nwuba emphasizes the economic impact of high airfares on Nigeria's population, with only a small percentage able to afford regular air travel. He points out the various cost components contributing to expensive tickets, such as fuel surcharges, regulatory levies, and high maintenance expenses abroad.
Nwuba calls for urgent reforms to enable smaller carriers to operate more flexibly and reduce the country's reliance on overseas maintenance, potentially saving millions annually and stabilizing the aviation industry while creating more jobs.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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