Audio By Carbonatix
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.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Mahama convenes special Cabinet meeting on Constitutional Review proposals tomorrow, May 14
2 minutes -
Rejection of 10p and 20p Coins: A growing concern for consumers
4 minutes -
Suame residents lament prolonged water shortage as dry taps persist
47 minutes -
NPP to stage mammoth demonstration over alleged political harassment
1 hour -
Nana Kwaku Bonsam urges couples to consider spiritual compatibility before marriage
1 hour -
JoyNews’ Clinton Yeboah named 2026 Kwame Karikari Fact-Checking Fellow
1 hour -
Real Madrid president Perez calls for elections
1 hour -
Chairman Wontumi pays a courtesy call on Bawumia and Akufo-Addo ahead of NPP national elections
1 hour -
Nsawam inmates qualify for Africa chess representation after strong prison tournament performance
1 hour -
Interplast breaks into Africa’s top 50 fastest-growing companies
1 hour -
GETFund briefs Asantehene on award of GH¢400m contract for KNUST Teaching Hospital equipment
1 hour -
Ghana Hostels rejects Rent Commissioner’s comments on Pentagon Hostel charges, demands apology
2 hours -
ASAC 2026: Joe Paul and Saminu miss out on podium finish in 100m
2 hours -
Kwakye Ofosu questions NPP’s consistency on free speech and judicial criticism
2 hours -
NAIMOS hands over 100 seized galamsey pumping machines to NSA for agriculture project
2 hours