Tinubu's Intervention Could Revive Nigeria's Aviation Sector
Allen Onyema, the Chairman and Chief Executive Officer of Air Peace Limited, expressed optimism that President Bola Ahmed Tinubu's intervention would alleviate the financial challenges facing Nigeria's aviation sector, particularly the 5% Ticket Sales Charge (TSC). Speaking at the 30th annual conference of the League of Airport and Aviation Correspondents (LAAC) in Lagos, Onyema stated that the International Air Transport Association (IATA) labeled Nigeria as the worst place for establishing an airline business.
He argued that a more amicable tax and charges system is essential to protect airlines and ensure their viability. Onyema recalled how President Tinubu swiftly waived a 4% Free on Board (FOB) levy imposed by the Nigeria Customs Service after being informed of its detrimental effects on airlines.
He emphasized that a meeting with President Tinubu could lead to significant improvements in the airline industry, as the President is committed to supporting indigenous businesses that create jobs.
Plus234Feed summary based on reporting from Sun Nigeria. Read the original report below.
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