Nigerian Aviation Industry Unsettled by New Tax Laws, Airline Operations at Risk
The Nigerian aviation industry is facing turmoil due to new tax laws, leading to financial strain on airlines like Air Peace. The Chairman, Allen Onyema, has warned that these laws may push airfares beyond N1 million, forcing airlines to suspend operations.
Critics argue that multiple tax levies are burdening airlines, despite the recent exemption of VAT on ticket fares. The industry blames the rise in airfares on various charges imposed by government agencies, affecting the overall operational costs and profitability of airlines.
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