NAMA SUSPENDS PROPOSED 800% LEVY HIKE OVER ECONOMIC CHALLENGES
The Nigerian Airspace Management Agency (NAMA) has suspended its planned 800% increase in navigational charges.
According to the spokesman of the agency, Abdullahi Musa, the suspension was directed by the Minister of Aviation, Festus Keyamo, over “current economic challenges faced by Nigerians.”
In a statement on Monday, the minister emphasised the need for further consultation before implementing any changes.
Also, NAMA boss Umar Farouk highlighted the significant economic pressures faced by the aviation industry, exacerbated by global economic volatility, fuel price hikes, and currency instability.
He outlined strategies for survival and growth, including operational efficiency, embracing innovation and technology, strengthening infrastructure, and fostering collaboration and partnerships.
ASUU-EBSU FAULTS STUDENT LOAN SCHEME, SEEKS IMPROVED VARSITY FUNDING
The airspace management agency had proposed an increase in its fees to sustain its operations and ensure the safety and efficiency of Nigeria’s airspace.
The new unit rate for en-route was set to increase to ₦18,000 from ₦2,000 per flight, while the minimum charge for terminal navigation was to rise to ₦54,000 from ₦6,000 per flight, with effect from September 1, 2024.
More Stories
SAUDI ARABIA PREPARES FOR ANOTHER HAJJ OF ‘EXTREME HEAT’
The deaths of 1,300 pilgrims during the hajj in Saudi Arabia last year underscored the urgent need to mitigate dangers...
TRUMP TO BE SENTENCED FOR HUSH MONEY CONVICTION
Donald Trump will be sentenced today for covering up hush money payments to a porn star despite the US President-elect’s...
SEYI MAKINDE ANNOUNCES NEW ALAAFIN OF OYO
After nearly three years of controversy and litigation, a new Alaafin has been approved by the Oyo State Governor, Seyi...
TRUMP SETS UP MEETING WITH PUTIN AMID UKRAINE CONFLICT
US President-elect Donald Trump said Thursday that Russian leader Vladimir Putin wanted to meet and that a rendezvous between the...
FG RECEIVES $52.88M RECOVERED ASSETS LINKED TO DIEZANI
The Nigerian government has received $52.88m recovered Galactica assets, linked to a former Minister of Petroleum Diezani Alison-Madueke from the...
POLICE DISMISS N1.1BN THEFT ALLEGATION FROM ENUGU STATE COFFERS
The Nigerian Police Force has refuted claims circulating on social media alleging the theft of N1.098 billion from the Enugu...