Nigeria's Aviation Industry Faces Growth Challenges Despite Reform Efforts

Nigeria's aviation industry struggles with structural constraints hindering growth, despite reform efforts led by Minister Festus Keyamo. High operational costs, including aviation fuel accounting for 45% of costs, have led to rising ticket prices, impacting passenger travel.

BusinessDay reported Dangote Petroleum Refinery reducing fuel prices, but airlines still face challenges due to limited competition on certain routes, resulting in high fares. Domestic airlines operating in Lagos, Ilorin, Akure, Anambra, Benin, Katsina, Sokoto, Ibadan, and Yola are particularly affected.