Nigerian President Bola Tinubu has agreed in principle ​to write off part of domestic ‌airlines' debts to aviation agencies following successful talks.

This was after carriers threatened to halt operations over crippling ​fuel prices, Aviation Minister Festus ​Keyamo said on Wednesday.

• Tinubu asked for ⁠a formal request to be submitted ​immediately, with the percentage of the write‑off ​to be determined by him, Keyamo said.
• The government will also set up a committee to ​review taxes, levies and fees charged ​on domestic air tickets, to recommend cuts to ease ‌pressure ⁠on airlines and passengers.
• Fuel marketers will sit with officials on Thursday to try and quickly resolve the disputes over ​fuel pricing, ​oil ⁠ministry secretary Patience Oyekunle said after today's round of talks.
• NOTE: ​Soaring jet fuel prices have upended ​the ⁠global aviation industry as a consequence of the Iran war, forcing airlines to ⁠raise ​fares, curb growth plans ​and rethink forecasts.