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Nigerian Aviation Sector Boosted by N5 Billion from Government

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The aviation sector in Nigeria received 5 Billion Naira as part of an economic sustainability plan meant to counter the effects of the Covid-19 pandemic according to minister of State for Budget and Planning, Prince Clem Agba.

Prince Clem Agba made the revelation on Monday during a virtual meeting with the country’s economic sustainability committee.

The economic relief package included a sum of N2.84 Billions for local airlines

Seven scheduled operators, comprising Dana, Overland, Air peace, Azman, Aero, Arik and Max Air received N2.84 billion; 20 non-scheduled operators, comprising Cargo and Private Jet Services received N949,909,000,” the minister he said.

Five ground handling operators, including NAHCO, SAHCO, Presion Aviation, Batuke Resources Ltd and Swissport Intl Ltd, received N233,333,000.

The National Association of Nigerian Travel Agencies received N196 million; Airport Car Hire Association of Nigeria (ACHAN) received N196 million.

Seven In-Flight Catering Services Operators received N233,333,000, and Aviation Fuel Operators received N233,333,000.”

Last year, the government allocated a $2.3 trillion stimulus package to stimulate the economy by preventing business collapse and ensuring liquidity

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