Airline Operators Task Nigerian Govt On Aviation Fuel, Forex

October 10, 2023
Airline Operators Task Nigerian Govt On Aviation Fuel, Forex

Domestic airline operators under the auspices of Airline Operators of Nigeria (AON) on Monday pleaded with the Federal Government to be granted licence for the importation and distribution of aviation fuel, popularly called JetA1.

They argued that as end users of the product, they should be granted permission to penetrate the international market to source aviation fuel and distribute, lamenting that AON had been denied the right for a long time.

Join our WhatsApp Channel

They made this submission during a courtesy call on the Minister of Aviation, Festus Keyamo, where they also asked the government for a dedicated line that will allow them access foreign exchange (forex) from the Central Bank of Nigeria (CBN). This, they said, will enable their members to meet their obligations to passengers.

READ ALSO: Air Operator’s Certificate: Domestic Airline Operators Hit NCAA, Nigeria Air With Court Restraining Order

The President of AON, Abdulmunaf Yunusa, who led the delegation to Keyamo’s office in Abuja, said the reason of the visit was to brief their host on challenges in the sector and proffer solutions, as well as congratulate him on his recent appointment as minister.

Also speaking, the Chief Executive Officer of Top Brass Aviation, Roland Iyayi harped on the need to ensure the adequate supply of aviation fuel in the sector. He stated that AON had been denied the licence for a long time, adding that airline operators were the end users and should be granted permission to penetrate the market to source aviation fuel and distribute.

According to him, there is an urgent need to facilitate the liberalisation, procurement and distribution of JetA1 nationwide and allow AON to procure a licence for product importation and distribution and also an immediate review of industry multiple taxes, fees and charges.

+ posts

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

World Mental Health Day: Factors That Trigger Mental Health Problems In Nigeria And Possible Solutions
Previous Story

World Mental Health Day: Factors That Trigger Mental Health Problems In Nigeria And Possible Solutions

Official: UK, Republic Of Ireland Confirmed As Hosts Of Euro 2028
Next Story

Official: UK, Republic Of Ireland Confirmed As Hosts Of Euro 2028

Featured Stories

CBN, Policy Shifts and Economy

By Arize Nwobu The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the

Latest from Business

CBN, Policy Shifts and Economy

By Arize Nwobu The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the reconfiguration of the economy to foster stability and sustainable growth, increase overall economic efficiency and improve living standard. CBN policy
Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Nigerian Stock Market Rebounds With N30.45bn Gain

The all-share index (ASI) increased by 0.23 percent on Friday, January 16, leading to the market capitalisation of the Nigerian Exchange (NGX) rising by N30.45 billion. It was gathered that the ASI expanded by 72.21 basis points, from 166,057.29 index recorded on

Sterling Bank Steps Up Environmental Sustainability Efforts

Nigerian banks are increasingly prioritizing environmental sustainability and climate action, with Sterling Bank leading the charge. The bank, in collaboration with Sterling One Foundation, Sunbeth, and government agencies, organized a nationwide Environmental Cleanup and Beach Adoption exercise, covering 17 states and engaging
World Mental Health Day: Factors That Trigger Mental Health Problems In Nigeria And Possible Solutions
Previous Story

World Mental Health Day: Factors That Trigger Mental Health Problems In Nigeria And Possible Solutions

Official: UK, Republic Of Ireland Confirmed As Hosts Of Euro 2028
Next Story

Official: UK, Republic Of Ireland Confirmed As Hosts Of Euro 2028

Don't Miss

Gun Attack Forces INEC To Suspend Voter Registration In Enugu

The Independent National Electoral Commission (INEC) has suspended Continuous Voter
Oando Clean Energy, Yutong Partner To Roll Out 12,000 Electric Buses In Nigeria

Oando Clean Energy, Yutong Partner To Roll Out 12,000 Electric Buses In Nigeria

Highlights – Oando Clean Energy Limited (OCEL) partners with Yutong