30% statutory fee discount to strengthen domestic airlines - Keyamo

Nigeria's aviation sector is set to receive a boost with a 30% discount on statutory fees for domestic airlines. Minister of Aviation and Aerospace Development, Festus Keyamo, stated that this decision by the Federal Government is designed to lower operational costs for airlines, a move he believes is crucial for strengthening the industry, particularly within the African context.

Keyamo emphasized the need for concerted actions to unlock the full potential of Africa's aviation industry. The discount is seen as a step towards achieving this goal by making operations more financially viable for local carriers. This initiative could pave the way for increased capacity and improved services across the continent's air travel network.

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Federal Government’s decision to grant a 30 per cent discount on statutory fees for domestic airline operators is aimed at reducing the cost of operations in the aviation industry, especially in Africa.

The minister's announcement signals a proactive approach to addressing the financial challenges faced by airlines. By reducing statutory fees, the government aims to create a more favorable operating environment, encouraging growth and sustainability in a sector vital for economic development and connectivity.

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Keyamo, who called for actions to unlock Africa’s aviation