Nigerian Airlines at Risk as New Tax Regime Threatens to Push Airfares Beyond N1m

The Nigerian aviation industry faces challenges due to a new tax regime that could raise airfares to over N1 million, impacting airline viability. Onyema highlights the burden of taxes on airlines, including a 7.5% VAT on aircraft purchases and spare parts.

Atiku Abubakar cautions against the re-gazetting of tax laws without proper legislative approval, emphasizing the risks of setting a dangerous precedent. The industry calls for urgent intervention to prevent a collapse.