The federal government of Nigeria has announced its pledge to bail out the local aviation sector with a sum of NGN 27 billion as part of measures to restart air travel and keep airports safer.
The said amount, already proposed to some of the operators, will besides supporting the airlines, and will fast-track the establishment of a private sector-driven national carrier.
The federal government in March announced restriction of local and International commercial flight services in order to curb the spread of the coronavirus pandemic.
The lockdown, which paralyzed activities in aviation sector reveals that the industry has lost about NGN 180 billion, renders more than five thousand people jobless and left many without businesses and salaries.
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