What Happened
Nigerian Airlines Seek Relief From High Taxes And Charges
Allen Onyema, Chairman and CEO of Air Peace Limited, has expressed confidence that President Bola Ahmed Tinubu’s intervention can save Nigeria’s aviation sector from its current challenges. Onyema believes that a fixed flat rate on ticket sales, rather than the current 5% Ticket Sales Charge, would ease the burden on airlines and promote sector growth. He cited the President’s swift action in waiving the 4% Free on Board levy as an example of his willingness to support indigenous businesses. The aviation sector in Nigeria has been plagued by high taxes and charges, with 62 commercial airlines collapsing since independence, according to Onyema. This was reported by Businessday NG.