Nigerian Airlines Struggle with Rising Fuel Costs

Nigerian airlines are currently experiencing significant operational challenges due to a severe fuel scarcity and skyrocketing jet fuel prices, which have risen to between N1,760 and N2,037 per liter. This increase is attributed to global disruptions in fuel supply, particularly linked to the ongoing conflict in the Middle East, which has caused jet fuel prices to double.

Major international airlines, including British Airways, Lufthansa, and Emirates, have reduced flight capacities or discontinued routes due to these rising costs. In Nigeria, airlines have expressed concerns over the high operational costs, leading to potential flight suspensions by April 20, 2026, unless the situation improves.

Festus Keyamo, the Minister of Aviation and Aerospace Development, has intervened, leading discussions with stakeholders to address the issue. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been urged to review fuel prices downward, but no new prices have been implemented as of the latest reports.