Afrigather The Worldwide Air Transport Affiliation (IATA) has welcomed the Central Financial institution of Nigeria’s announcement that it has launched an extra $64.44 million in blocked airline funds.
“We’re consulting with our airline members to confirm the discharge of their revenues,” says an official launch from IATA.
Whereas the event is encouraging, it is essential to recognise that roughly $700 million stays blocked with Nigeria’s industrial banks, the discharge added. “As such there is a appreciable journey forward in absolutely addressing the problem.
“That is exacerbated by the devaluation of the Nigerian Naira, which has dropped considerably towards the US Greenback. Airways shouldn’t be unfairly penalised by the decrease change fee.”
IATA will proceed to watch the scenario carefully and work with the federal government to make sure that the atmosphere stays conducive to making sure Nigeria’s connectivity to worldwide markets, the discharge added.
