All Airlines In Nigeria Will Pack Up In Three Days’ Time – Air Peace Chairman

March 14, 2022
Air Peace Detractors Are Often Pointless

Air Peace Chairman, Allen Onyema has warned that every airline, operating in Nigeria shall shut down in the next three days if the current aviation fuel scarcity should continue.

The Air Peace Boss said: ‘We have only three more days, all airlines in Nigeria will shut down. We are not threatening this country, it is a fact.”

Join our WhatsApp Channel

Onyema revealed this at a meeting of oil marketers and Airline operators held in the National Assembly, today – Monday, March 14, 2022.

Insisting that airlines in the country were rich enough to import their own fuel, the Air Peace chief said: “I have the mandate of all airlines to demand that Airlines begin importation of fuel, if we can buy planes of millions of dollars, we can also import fuel ourselves. Let NNPC give Airlines licenses, we want to import ourselves.”

Just recently, during an earlier meeting at the House of Representatives, which was convened sequel to a motion passed by the House on the need to investigate the sudden and high cost of aviation fuel, Onyema had predicted ahead:

“Unfortunately the fuel scarcity is starting to seriously impact our operations. We are likely to experience flight disruptions today and in the coming days until the situation is resolved.”

Other domestic airlines, including Arik, Dana Air and Ibom Air, also issued similar notices.

On the contrary, the Executive Director, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ogbugo Ukoha, had dismissed that there was no scarcity of Jet A1, saying there is enough volume to go round both onshore and offshore for 34 days.

He also hinted that about 28 marketers had been licensed to import the product in the last 3 months, informing that the licence was to last for 90 days, and that from their record, they had 34.9 days of the sufficiency of the product.

Following the stakeholder meeting, which was superintended by the Deputy Speaker, Idris Wase and members of the Committee on Aviation, the House then ordered immediate crashing of price of the product to ensure its availability to airline operators, Nigeria over.

Apparently, the directive was not followed through as the aviation fuel scarcity bit harder afterwards, going by the latest ululation of the Air Peace chairman.

+ posts

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
Elon Musk
Previous Story

UKRAINE: Elon Musk Fights Dirty, Challenges Putin to man-to-man fight on Twitter

Ex-Ekiti Governor, Fayemi, Debunks Defection Rumour
Next Story

2023: Afenifere Leader Tips NGF Chairman Fayemi For President

Don't Miss

Insecurity Nigeria Economic Crisis

Policies: The Silent Enemy Of Nigeria’s Economic Future

The Nobel Prize Lesson: What Nigeria Refuses to Learn Last
Nigeria's Stock Market Rises As Investors Target Undervalued Shares

Nigeria’s Equity Market Sees First Gain Of The Week, Rises By 0.24%

Nigeria’s equities market recorded its first gain this week on