House To Probe Dormant VAT Waiver For Airlines       The House of Representatives is to probe the non-implementation of waiver of the payment of Value Added Tax (VAT) granted Nigerian Airlines two years ago. The removal of VAT for domestic airlines was approved in 2018 in an...

Aviation Sector Contribution To GDP Contracts By 38.86%       The Gross Domestic Product report released by the National Bureau of Statistics has shown that air transport under the transportation and storage sector contracted by 38.86 per cent in the third quarter of 2020. The subsector contracted by...

Private Sector Shuns Reps Hearing On Buhari’s Aviation Bills       Relevant stakeholders especially in the private sector were conspicuously absent from a public hearing organised by the House of Representatives on six executive bills on the aviation sector on Tuesday. The Speaker, Femi Gbajabiamila, while declaring the...

Aviation Fuel Revenue Drops By N14.9bn In Nine Months         The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 58.2 per cent in the first nine months of the year, compared with...

Sirika To Airlines: Stop Blaming Govt For Profit Decline       Minister of Aviation, Senator Hadi Sirika, has cautioned members of the Airlines Operators of Nigeria, against accusing his ministry and aviation regulatory agencies for the unfavourable operating environment and decline in their profits. Sirika gave the caution...

N5bn Airline Fund Small, Operators Say       Shocks have trailed the Federal Government’s approval of N4 billion intervention fund for airlines as some operators said it is too small to address any challenge facing the airline industry. Minister of Aviation, Senator Hadi Sirika had announced the approval...