• About Us
  • Privacy Policy
  • Contact Us
  • Advertise With Us
  • Home
Metrowatchonline
Thursday, June 4, 2026
  • Home
  • News
  • Security
  • World
No Result
View All Result
  • Home
  • News
  • Security
  • World
No Result
View All Result
Metrowatchonline
No Result
View All Result
Home Business

President Tinubu Approves 30% Debt Relief for Airlines

The Minister of Aviation and Aerospace Development, Mr Festus Kayamo, disclosed on Friday in Abuja.

Emmanuel Babs by Emmanuel Babs
April 24, 2026
in Business, Highlights, Top News
0
Tinubu

*President Bola Tinubu

By Gabriel Agbeja

President Bola Tinubu has approved a 30 per cent discount on outstanding statutory fees owed by domestic airlines to aviation agencies.

The Minister of Aviation and Aerospace Development, Mr Festus Kayamo, disclosed on Friday in Abuja.

In a statement signed by Mr Tunde Moshood, Special Adviser on Media and Communications to the Minister, he said the presidential directive was formally conveyed through the Chief of Staff to the President, Mr Femi Gbajabiamila.

ALSO READ...

NDC Belongs to Tinubu, Peter Obi Was Lured, Trapped, Says Kenneth Okonkwo

2027: Conduct 10 Elections, Tinubu Will Still Defeat Atiku, Obi, Says Fayose

Keyamo said the decisive move aimed at alleviating operational pressures within Nigeria’s aviation sector.

‘’The relief covers accumulated debts including parking charges payable to the Federal Airports Authority of Nigeria (FAAN), navigational charges owed to the Nigerian Airspace Management Agency (NAMA), as well as other regulatory obligations.

‘’This intervention comes as part of the Federal Government’s broader efforts to cushion the impact of the ongoing Jet A1 fuel crisis, which has significantly increased operating costs for domestic carriers.

“The initiative underscores the administration’s commitment to stabilising the aviation industry, safeguarding airline operations, and ensuring the continued viability of domestic air transport services across the country, ‘’ he said.

In a related development, Keyamo said Nigeria aviation sector has earned a 91.45 per cent safety rating from the International Civil Aviation Organisation (ICAO).

He said the record-breaking score followed the recent audit conducted by the International Civil Aviation Organisation (ICAO).

The minister said the exercise took place at the headquarters of the Nigeria Civil Aviation Authority (NCAA) in Abuja.

According to him, the landmark score, announced during a debriefing session by the ICAO audit team, represents the highest rating ever attained by Nigeria since it began participating in ICAO’s safety oversight audits.

‘’This achievement places Nigeria well above both the West African regional average of 61.1 per cent and the global average of 70.4 per cent, reinforcing the country’s standing as a leader in aviation safety compliance.

‘’The improved rating is expected to significantly enhance investor confidence, strengthen Nigeria’s international aviation credibility, and position the country as a preferred destination for global aviation partnerships and investments.

‘’The International Civil Aviation Organisation (ICAO), a specialised agency of the United Nations, is responsible for coordinating global standards in air navigation and ensuring the safe and orderly development of international air transport,’’ he said.

According to him, ICAO evaluates member states’ ability to effectively implement safety oversight systems through its Universal Safety Oversight Audit Programme (USOAP).

The minister stated that Nigeria, as a committed member state, had consistently worked to align with the international standards.

‘’Since the inception of the USOAP in 1999, Nigeria has undergone four comprehensive safety audits, with performance measured through Effective Implementation (EI) scores that reflect the robustness of its aviation safety framework,’’ he added. (NAN)

Previous Post

Court Slams N1Bn in Damages against Natasha in Defamation Suit by ex-Governor Yahaya Bello

Next Post

Court Adjourns Financial Misappropriation Case against Yahaya Bello to May 6

Emmanuel Babs

Emmanuel Babs

Related Posts

Kenneth Okonkwo

NDC Belongs to Tinubu, Peter Obi Was Lured, Trapped, Says Kenneth Okonkwo

June 4, 2026
Fayose

2027: Conduct 10 Elections, Tinubu Will Still Defeat Atiku, Obi, Says Fayose

June 4, 2026
NDC

2027: NDC Finally Ratifies, Endorses Primary Election Results

June 4, 2026
Sam Amadi

Why We Need to Politicise Insecurity, Says Sam Amadi

June 4, 2026
Anioma: Oborevwori Sues for Calm as Asaba Indigenes Protest Rumoured Plot to Relocate Capital

Oyo Abduction: Tinubu Must Go, Angry Protesters Storm Abuja Streets

June 4, 2026
Invite Sunday Igboho to Name Those behind Oyo Students’ Abduction, Atiku’s Aide to DSS

Invite Sunday Igboho to Name Those behind Oyo Students’ Abduction, Atiku’s Aide to DSS

June 4, 2026
Next Post
Yahaya Bello

Court Adjourns Financial Misappropriation Case against Yahaya Bello to May 6

  • About Us
  • Privacy Policy
  • Contact Us
  • Advertise With Us
  • Home

© 2026 Metrowatch Online Published by Miraculous Media Connect Limited. All rights reserved

No Result
View All Result
  • Home
  • News
  • Security
  • World

© 2026 Metrowatch Online Published by Miraculous Media Connect Limited. All rights reserved

Go to mobile version