The Minister of Aviation and Aerospace Development of, on Wednesday revealed major steps taken by the Federal Government to ease the economic strain on airlines, amid growing worries about the high price of Jet A1 fuel and possible disruptions to flight services.
He shared this update after holding a lengthy discussion with representatives from the Federal Ministry of Petroleum Resources, airline executives, fuel suppliers, and other industry participants. The gathering was organised in response to the steep rise in aviation fuel costs, which operators have described as increasingly difficult to manage.
Keyamo said that Bola Tinubu has authorised a substantial reduction on some unpaid charges owed by airlines to the government. He noted that the measure is designed to offer quick support to the sector and help avoid disruptions in air travel.
He further disclosed that the President will soon set up a dedicated panel to assess and cut down the numerous duties and charges currently included in ticket prices. According to him, this plan aims to lessen the financial load on both carriers and travellers while strengthening the long-term viability of the aviation sector.
This move comes at a time of rising concern across the industry over escalating Jet A1 fuel prices, which operators warn could seriously affect ongoing operations and the stability of air travel within the country.
