Nigeria's Aviation Sector Sees Growth Amid High Costs and Infrastructure Challenges
Nigeria's economy is seeing growth in the aviation sector, with Finchglow's Group Managing Director, Bankole Bernard, highlighting increased activity despite rising costs and infrastructure challenges. The sector faces high operational costs, with 45% of airline ticket prices in Nigeria attributed to taxes.
Strong travel demand is noted, but the industry struggles with inflation and foreign exchange pressures. Gbenga Onitilo of Travelden Finchglow mentions a surge in tourism during the festive season, but poor infrastructure and high prices are affecting Nigeria's tourism image, potentially driving visitors to other African countries like Ghana and Rwanda.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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