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Nigeria Among World’s Most Expensive Countries For Airline Operations, Says IATA
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Nigeria Among World’s Most Expensive Countries For Airline Operations, Says IATA

Channels TV about 2 hours 2 mins read

 

The International Air Transport Association (IATA) has identified Nigeria as one of the most expensive countries in the world to operate an airline.

It cited high operational costs that continue to challenge the viability and growth of local carriers.

Speaking at the IATA Annual General Meeting held in Brazil, IATA’s Regional Vice President for Africa and the Middle East, Kamil Al-Awadhi, said that despite ongoing efforts by Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, to reform and improve the aviation sector, airlines in the country still faced significant cost pressures.

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According to Al-Awadhi, the high-cost environment has made it difficult for Nigerian airlines to remain competitive and profitable, limiting the sector’s ability to reach its full potential.

He noted that excessive taxes, charges, and other operational expenses continue to burden airlines across the region, with Nigeria ranking among the most challenging markets, from a cost perspective.

To address the issue, Al-Awadhi urged member states of the Economic Community of West African States (ECOWAS) to implement the proposed 25 per cent reduction in aviation taxes and charges.

He said the measure would help lower the cost of air travel, stimulate passenger traffic, and improve the competitiveness of airlines operating within West Africa.

Industry stakeholders have long argued that reducing taxes and regulatory charges is essential to making air travel more affordable and encouraging greater connectivity across the region.

The call by IATA adds to growing pressure on governments in West Africa to create a more enabling environment for the aviation industry, which is widely regarded as a key driver of trade, tourism, and economic development.

 

The post Nigeria Among World’s Most Expensive Countries For Airline Operations, Says IATA appeared first on Channels Television.

This article was sourced from an external publication.

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