FG moves to slash Air Peace, Dana others airfares by 50%, gives conditions for travellers to benefit

The federal government is working on providing subsidies to airlines in the country to help reduce the high cost of air travel.

Festus Keyamo, the minister of aviation and aerospace development, is reported to have held a meeting with the Airline Operators of Nigeria (AON) on Friday, December 15, 2023.

Those present at the meeting are the President of AON, Dr Abdulmunaf Yunusa Sarina, his executive members, and other airline operators.

How Tinubu's govt plan to slash airfares?

NewTelegraph reports that during the meeting, it was discussed that passengers travelling would be given a form to fill out by the airline they are flying.

The airlines will then forward the completed forms to the Central Bank of Nigeria (CBN) and a 50% refund of the ticket's value after deducting taxes and charges, specifically the 5% Tickets Sales Charge (TSC) collected by the Nigerian Civil Aviation Authority (NCAA) on behalf of certain agencies.

It was revealed that work has begun to achieve it, and the actual implementation will commence in February after finalising the details.

A source quoted said: "The idea is that anyone who wants to travel picks a form and fills in her/his details, this information will be sent to the CBN for a refund of 50 per cent of the value of the ticket price."