Biz Point
  • Home
  • News
  • National
  • Business News
  • Forex
  • Tech
  • Entertainment
  • HAUSA
  • More
    • About Us – Biz Point
    • Contacts
    • Disclaimer
    • Privacy Policy
    • Terms & Conditions
No Result
View All Result
  • Home
  • News
  • National
  • Business News
  • Forex
  • Tech
  • Entertainment
  • HAUSA
  • More
    • About Us – Biz Point
    • Contacts
    • Disclaimer
    • Privacy Policy
    • Terms & Conditions
No Result
View All Result
Biz Point
No Result
View All Result
Home Business News

FG to penalise foreign airlines selling tickets in dollars

BizPoint by BizPoint
September 8, 2022
in Business News
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

 

 

 

ADVERTISEMENT

 

The federal government says it will penalise foreign airlines selling tickets to Nigerians in dollars, insisting that such practice is a violation of Nigerian laws.

Hadi Sirika, minister of aviation, disclosed this to state house correspondents after the federal executive council (FEC) meeting. The meeting was presided over by President Muhammadu Buhari at the presidential villa in Abuja.

According to Sirika, the Nigerian Civil Aviation Authority (NCAA) had been instructed to swing into action by protecting the interest of Nigerians against malpractices, warning that no violator, no matter how highly placed, would be spared if caught in violation.

MAI KIFI AD

He said the government’s findings revealed that some of the airlines refused naira and charged their ticket fares in dollars in violation of the country’s laws.

The minister added that some foreign airlines blocked local travel agencies from accessing their websites for transactions, choosing to release expensive tickets.

“I want to use this opportunity to say that reports are reaching us that some of the airlines are refusing to sell tickets in naira. That is a violation of our local laws, they will not be allowed. The high and the mighty amongst them will be sanctioned if they’re caught doing that,” Sirika said.

“NCAA had been directed to swing into action and once we find any airline violating this, we will definitely deal with them. Also, they blocked the travel agents from access. They also made only the expensive tickets available and so on and so forth.

“Our regulators are not sleeping, we have a very vibrant Nigerian Civil Aviation Authority. Once they found any airline guilty, that airline will be dealt with because we need to protect our people. It is according to our agreements, to what we have signed and this is according to international convention.

“So going forward, they should desist from doing things that are outside of the law. They should also desist from writing to us and putting things on social media. They should go through diplomatic channels if they want a response from the federal government.”

The minister further disclosed that the foreign airlines made over $1.1 billion from Nigeria in 2016, when Buhari’s administration cleared the $600 million it inherited from the previous government, adding that if it was retained in the country through the Nigerian official airline, it would have created jobs.

Sirika said over $265 million had been released this year out of about $484 million due to them.

He said the government is trying to keep the airlines happy by ensuring that their money does not pile up again, saying that while the country needs their services, the airlines need the Nigerian market.

The minister warned them to refrain from using social media to press home their demands rather than resorting to diplomatic channels.

On Nigeria Air, Sirika said the federal government has only spent N651 million (N352 million and N299 million) on transaction advisory services for the project.

He dismissed a report that the airline project had gulped over N14.6 billion of government funds despite having only a five percent stake.

“So Nigeria Air is, of course, we are going to come very soon to council for approval of the full business case. And the activity is a Public Private Partnership, which is guided by the ICRC regulations, Infrastructure Concession Regulatory Commission,” he added.

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X

Ad 2
Tags: Business news
ADVERTISEMENT
Previous Post

Bridging claims: We’ve paid N103bn to oil marketers — FG

Next Post

Nigeria signs air travel agreement with Kuwait

BizPoint

BizPoint

Related Posts

Dangote: Tinubu’s policies reviving public sector
Business News

Dangote: Tinubu’s policies reviving public sector

July 28, 2025
Peanut-cleaning, coated-snack factory launched in Kano
Business News

Peanut-cleaning, coated-snack factory launched in Kano

May 21, 2025
Consumer Credit Scheme: CREDICORP sensitizes Kano stakeholders on how to access bank loans
Business News

Consumer Credit Scheme: CREDICORP sensitizes Kano stakeholders on how to access bank loans

May 21, 2025
Nigerian Breweries inaugurates Maltina skills acquisition centre in Kaduna
Business News

Nigerian Breweries inaugurates Maltina skills acquisition centre in Kaduna

April 30, 2025
FG reveals how much it generated from cash transfer levy in 3 months
Business News

FG reveals how much it generated from cash transfer levy in 3 months

April 27, 2025
Nigerian bank stops charging customers on online transactions
Business News

Nigerian bank stops charging customers on online transactions

April 3, 2025
Next Post

Nigeria signs air travel agreement with Kuwait

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
RE: From NEPU to Asara — By Ibrahim Bello Kano

RE: From NEPU to Asara — By Ibrahim Bello Kano

August 21, 2025
UPDATED: Kano gov announces date for implementation of new minimum wage

UPDATED: Kano gov announces date for implementation of new minimum wage

October 29, 2024
Petrol subsidy hits N2.57tr as supply rises by 10%

JUST IN: Tinubu considering partial reversal of fuel subsidy on petrol

August 15, 2023
How Katsina oil mogul ordered arrest of man over social media post

How Katsina oil mogul ordered arrest of man over social media post

July 15, 2024

Hello world!

1

5 dead, 4 rescued in canoe mishap

0

Naira weakens again, down by 0.29 percent

0

UBA Foundation opens portal for 2022 essay competition, announces prizes

0
Climate Change: Kano partners World Bank on waste management, degraded landscapes restoration – Commissioner

Climate Change: Kano partners World Bank on waste management, degraded landscapes restoration – Commissioner

September 7, 2025
Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

September 7, 2025
Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

September 7, 2025
Subsidy removal: Labour offers fresh threat

NLC ta baiyana buƙatar ta ga Tinubu kan mafi ƙarancin albashi 

September 7, 2025

Recent News

Climate Change: Kano partners World Bank on waste management, degraded landscapes restoration – Commissioner

Climate Change: Kano partners World Bank on waste management, degraded landscapes restoration – Commissioner

September 7, 2025
Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

Kano: Can the North’s commercial heart rival Lagos’ economic might? by Dr. Tijjani Ahmad

September 7, 2025
Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

Independent Hajj Reporters Announces 2025 Post-Hajj Lecture and Recognition Event

September 7, 2025
Subsidy removal: Labour offers fresh threat

NLC ta baiyana buƙatar ta ga Tinubu kan mafi ƙarancin albashi 

September 7, 2025
(adsbygoogle = window.adsbygoogle || []).push({});
Biz Point

© 2024 Biz Point

Navigate Site

  • Home
  • About Us
  • Contacts
  • Disclaimer
  • Privacy & Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • News
  • National
  • Business News
  • Forex
  • Tech
  • Entertainment
  • HAUSA
  • More
    • About Us – Biz Point
    • Contacts
    • Disclaimer
    • Privacy Policy
    • Terms & Conditions

© 2024 Biz Point