Fidelity bank card banner Emerald Energy Institute Camano banner

Air crashes imminent in Nigeria: Senate

By News Express on 21/10/2016

Gmail icon

Views: 1,680

The Senate yesterday warned of imminent plane crashes in the country if the aviation industry was not fixed immediately.

The alert followed a motion tagged “Disturbing Development in the Nigerian Aviation Industry” by Dino Melaye.
Contributing to the motion, the Minority Leader, Godswill Akpabio, said the fear of plane crashes was real as airlines could no longer access foreign exchange to service their aircraft.
He said some operators may resort to cutting corners as a result of their inability to access foreign exchange, thereby endangering the lives of air travellers.
Mr. Akpabio said many airlines in the country were bankrupt “and dead’’.
“These problems are caused by policies of government. Monetary policies of government have not allowed the airlines to operate.
“Section 14(2) of the 1999 Constitution as amended says that government must ensure the security and welfare of the people.
“We are likely to have a spectre of crashes because most airlines cannot access foreign exchange to service their aircrafts,” he said.
Deputy President of the Senate, Ike Ekweremadu, who presided, said that the withdrawal of airlines from Nigeria’s aviation industry was a bad omen which may lead to massive job losses.
“A situation whereby airlines cannot send back their money to their home countries is a disaster. Competition becomes less and the few left will charge as they want.
“It is embarrassing that airlines have to go and refuel in Ghana,” he said.
After the debate, the senate resolved to assist the Federal Government in its planned intervention in the current challenges in aviation sector.
The Senate also urged the government to ensure that all operators who would benefit from the intervention would not increase fares arbitrarily.
The lawmakers urged the Federal Government to prevail on and insist that airlines used the Naira as the official currency in all transactions in the industry.
Meanwhile, Senate has expressed concern over the continuous exit of some foreign airlines from Nigeria and suspension of operations by others, warning that the trend if not checked, will further compound the plights of troubled Nigerians.
It, therefore, supported the move by the government to promptly intervene in the crisis bedeviling the aviation sector “with a view to saving the traveling masses from greater hardship and reduce the ongoing suffering occasioned by these challenges.”
It also urged the federal government to ensure that it secures commitments from the airlines billed to benefit from government’s special intervention that they would not indiscriminately increase air fares and simultaneously ensure that ticket pricing remains competitive “within the regional market indicators.”
The Senate also advised the government to scrutinise the currency management systems and consequently save the country “from further divestments and business failures in order to save Nigerian workers and their families the implication of Nigerian businesses going offshore.”
It equally frowned at the regulation of the sector by Federal Airports Authority of Nigeria (FAAN) in foreign currency as it charged the agency to henceforth denominate all local charges in local currency in accordance with the laws of the land.
In a related development, Thursday’s proceedings at the House of Representatives public hearing was centred on how to rescue the aviation industry from the imminent collapse.
The legislators at the lower house deliberated on the planned concession of some airports and some past agreements which have degenerated into a legal tussle.
Some stakeholders in the sector such as the Chairman of Bi-Courtney Aviation Services Limited, Wale Babalakin and the Deputy General Manager of the Federal Airports Authority of Nigeria, Monica Alphonse, made presentations to a committee of lawmakers over the matter.
The committee also heard from the Deputy Director of the Central Bank of Nigeria (CBN), Onyinye Ahuchogu, on the issue of foreign exchange for the aviation sector.
They consequently directed the CBN to put a special exchange rate in place for the sector.
The committee hinted that it would present the recommendations to the leadership of the House at the end of the public hearing.
•Pieced together from reports by Blueprint and Channels. Photo shows Senate in session.

Source News Express

Posted 21/10/2016 1:13 PM





You may also like...
4 sectors get $285.7m forex injection

Birnin Gwari attack: Army confirms death of 2...

41 senators lose return opportunity

Okonjo-Iweala cries out, alleges persecution by Buhari's govt....

Obasanjo rubbishes Jonathan, PDP over corruption, Chibok girls,...

Cloudy weather, thunderstorms to persist today, says NiMET...

Niger Delta militants warn of bloodbath if 2019...

UNN executes over 400 projects with TETFUND, capital...

Femi Fani-Kayode dumps APC, blames Buhari, Tinubu, Gov....

Panama Papers: U.S. charges four for tax evasion...

Court remands herdsman for alleged kidnap

Lawan appoints SA Media, Deputy Chief of Staff...


Latest News Aso Rock cabal shops for Osinbajo’s replacement •The favoured candidate Police arraign 15 over plot to kill Jonathan 2023 Presidency: El-Rufai's men rev up campaign Buhari’s govt being sabotaged: Osinbajo Police uncover kidnappers hideout in Edo Forest Serial killings: Port Harcourt prostitutes device means of detecting criminals How Abdulrazaq shocked Kwara political bookmakers with ‘strange’ all female first batch cabinet Girl commits suicide 3 months after boyfriend killed self 4 kidnappings that shook Abuja Xenophobia: Nigerians find safe havens in Zimbabwe, Mozambique, others Why Middle-Belt Is Opting Out Of Northern Arrangement -Pogu Bitrus IPOB: We're after Kanu, not his father - Abia CP


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (542,453 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,806 views) Shameless Genevieve Nnaji exposes breasts in public (390,253 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (327,159 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (295,298 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,993 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (250,268 views) 10 cars more expensive than Jets (238,904 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,958 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,947 views) Lagos plane crash: Journalist releases victims’ names (196,245 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,800 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,454) Business Verdict (80) Columnists (1,113) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (666) Features (814) Global Business Monitor (445) ICT Monitor (63) International (3,970) Interview (203) Live Commentary (30) Love Matters (171) Maggie's Blog (418) News (51,575) Opinion (1,361) Pidgin (17) Politics (11,464) Religion (1,102) Sports (2,172) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera