The Nigerian Airspace Management Agency (NAMA) has suspended its planned 800% increase in navigational charges.
A spokesman for the agency Abdullahi Musa said 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.
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 charge was to rise to ₦54,000 from ₦6,000 per flight with effect from September 1, 2024.
-Advertisement-
Grab our latest Magazine, "Kelechi Amadi-Obi - Transcending the worlds of Law, Visual Art and Photography". Get your order fast and stress free.
For more details about Newswire Law&Events Magazine, kindly reach out to us on 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk. You will be glad you did
Download E-MagazineDo you want to be heard, your events covered, your articles published, or need to advertise your products and services on our Blog and Magazine, reach out to us at Newswire Law and Events, you will be glad you did. For more details about our services, please call: 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk
