The National Union of Air Transport Employees has revealed plans by foreign airlines operating in the country to lay off about 2,000 Nigerian staff.
In a letter to the Minister of State for Aviation, the Acting General Secretary of the union, Mr Olayinka Abioye, explained that the airlines say this is due to inability to transfer earnings to their respective home countries because of the CBN’s policy on forex and fund transfer.
The air transport union is asking the federal government to grant foreign airlines concession to repatriate their proceeds to their home countries to prevent the huge job loss in the nation’s aviation sector.
•Text courtesy of Channels TV. Photo shows Transportation Minister Chibuike Amaechi.
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
