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FG to sanction foreign airlines over refusal to sell tickets in Naira

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The Federal Government has threatened to sanction foreign airlines operating in the country but refuse to accept naira payment for flight tickets. The Minister of Aviation, Hadi Sirika, made this known at a briefing today after the Federal Executive Council meeting chaired by President Muhammadu Buhari.
He said intelligence reports indicated that some of the airlines refuse to sell in naira but charge ticket fares in dollars instead, in violation of Nigerian laws. The minister disclosed that the Nigerian Civil Aviation Authority has been directed to deal with any of such airlines that are caught flouting the laws.

The Minister stated that the foreign airlines made over $1.1 billion from Nigeria in 2016, which could have been retained in the country if they were local airlines.

Sirika explained that the airlines remitted over $600 million to their home countries in 2016. He also noted that over $265 million was released this year out of about $484 million due to them.He also claimed that the airlines remitted over 600 million dollars to their home countries in 2016, while over 265 million dollars has also been released this year.

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