Nigerian Aviation Industry Struggles with New Tax Regime, Airfare Hikes
The Nigerian aviation sector is grappling with a new tax regime that has raised concerns among airlines and passengers. Recent data from the Federal Airport Authority of Nigeria (FAAN) shows a decline in domestic passenger traffic, attributing it to a 13.6% decrease over three years.
Domestic airlines are protesting against multiple taxes imposed by various government agencies, making operations unprofitable and contributing to high airfares. The sector is burdened with excessive charges, including service fees and taxes, leading to fears of bankruptcies among airlines.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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