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Nigeria, others owe foreign airlines $1.68bn – IATA
Published
1 year agoon
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LanreThe International Air Transport Association on Thursday disclosed that as of September, $1.68bn of airlines’ funds are locked across Africa out of a global total of $2.36bn.
The Regional Vice-President for Africa and the Middle East, Kamil Alawadhi disclosed this during the African Airlines Association 55th Annual General Assembly in Uganda.
The impact of this financial entanglement is deemed devastating for connectivity and raises concerns about the sustainability of the aviation sector, he said.
Alawadhi emphasized the association’s efforts to deliver value to its members in navigating the challenging landscape.
Nigeria accounts for $783m of airlines’ blocked funds with only about 10 per cent cleared.
Despite recent efforts, the airlines said a significant portion of those funds remained inaccessible to them.
However, the CBN had started clearing the forex backlog to commercial banks to ease pressure on the foreign exchange, The PUNCH reported.
The CBN had initiated steps to clear the forex backlog to ease pressure on foreign exchange, but challenges persisted in disbursing the funds effectively.
Alawadhi noted, “Since 2018, a significant amount of blocked funds have been repatriated from Angola, Ethiopia, Ghana, Nigeria, and Zimbabwe through working with the respective governments. Currently, $1.68bn in airline funds remain blocked across the continent.
“As of September, $1.68bn of airline funds are blocked across Africa out of $2.36bn globally. The numbers are alarming and the impact of this on connectivity is devastating.”
He stressed the importance of liberating blocked airline funds by advising governments on best practices to clear backlogs.
He said the repercussions of blocked funds extend beyond the airlines, adversely affecting the economies of the countries involved.
According to Alawadhi, the negative impact includes reduced connectivity, diminished investor confidence, and damage to the country’s reputation.
Recognising aviation as a pivotal economic enabler, he urged the governments to prioritise sustainable solutions for clearing blocked funds.
As Africa’s aviation industry strives to recover from pandemic-induced losses, IATA advocates against imposing additional financial burdens.
Measures such as higher fees, levies, carbon taxes, or new taxes on air transport, trade, or tourism could exacerbate the existing challenges.
“Africa’s aviation industry is still recovering from significant losses due to the pandemic. To make up for this shortfall, governments should avoid imposing higher fees, levies, carbon taxes, or new taxes on air transport, trade, or tourism.
“These measures would only make air travel more expensive and less accessible in Africa, where the average airfare is already 30 per cent higher than the industry average and the jet fuel cost is 10-20 per cent higher than the global average,” he added.
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Lagos State launches monthly landmark tours to boost tourism
Published
8 hours agoon
January 13, 2025By
LanreLagos State unveils monthly landmark tours to showcase cultural heritage and boost tourism, connecting the diaspora with the city.
In a strategic move to spotlight its cultural heritage and strengthen its tourism sector, the Lagos State Government has introduced a new initiative: monthly landmark tours on both land and water.
The tours aim to promote Lagos as a vibrant hub of culture, transportation, and tourism to a global audience.
Idris Aregbe, the Special Adviser to the Lagos State Governor on Tourism, Arts, and Culture, announced the initiative during a hosting event for Nigerians in the diaspora and Lagos enthusiasts.
The programme, themed “Lagos Tourism is Rising,” will be held monthly, allowing participants to explore the city’s iconic landmarks.
According to Aregbe, the tours are designed to foster connections between Lagos and the Nigerian diaspora while showcasing the city’s historical and cultural richness.
“Through this initiative, we aim to promote our cultural heritage and strengthen the bond between the diaspora community and Lagos.
It offers an opportunity for everyone to admire scenic views, learn, and appreciate our rich cultural history,” Aregbe said in a statement on Sunday.
The initiative also acknowledges the diaspora community’s significant contributions to Lagos’s economy and cultural celebrations.
The inaugural tour provided an immersive experience, featuring a double-decker bus, a motorbike convoy, and Lagos Ride vehicles that navigated through key areas such as Ikoyi, Lekki, and Lagos Island.
Participants visited renowned landmarks, including:
- The J. Randle Centre for Yoruba Culture and History
- Nike Art Gallery
The tour concluded with a dinner, offering music, dance, and engaging conversations, leaving guests with memorable impressions of Lagos.
The event attracted prominent figures, including Khadijat Omotayo, Personal Assistant to the President on Constituency Affairs, and Oluwatoyin Atekoja, Permanent Secretary of the Lagos Ministry of Tourism.
This initiative underscores Lagos State’s commitment to tourism as a driver of economic growth. By providing an engaging platform for both locals and visitors, the government hopes to enhance Lagos’s reputation as a premier business and holiday destination.
As the tours continue, they promise to bring global attention to Lagos’s cultural treasures while deepening connections with the Nigerian diaspora and admirers worldwide.
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Cross River State Commissioner for Tourism, Arts, and Culture, Abubakar Robert Ewa, Passes Away
Published
4 days agoon
January 9, 2025By
LanreCross River State Commissioner for Tourism, Arts, and Culture, Abubakar Robert Ewa, has passed away at the Arubah Specialist Hospital in Calabar.
The Commissioner for Tourism, Arts, and Culture in Cross River State, Mr. Abubakar Robert Ewa, has passed away. Ewa died on Wednesday evening at the Arubah Specialist Hospital in Calabar, the state capital.
At the time of this report, members of the Cross River State Executive Council and other aides to Governor Bassey Otu had gathered at the hospital to mourn with the bereaved family.
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Ewa had attended the state’s executive council meeting earlier that same day, presided over by Governor Otu, making his sudden passing all the more shocking to those who worked closely with him.
Throughout his career, Ewa served in various important roles in Cross River State, including as Secretary and later Chairman of the Boki Local Government Council.
He also served as Special Adviser on Community Relations and Secretary of the Anti-Deforestation Task Force.
His death has left a significant void in the state’s leadership, and tributes have poured in from colleagues, friends, and members of the public.
The state government and people of Cross River mourn the loss of a dedicated public servant who played an important role in the state’s development.
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Governor Douye Diri defends relocation of Central Park, Cites modernisation efforts
Published
4 days agoon
January 9, 2025By
LanreGovernor Douye Diri defends the relocation of Central Park in Yenagoa, highlighting the move as part of his urban renewal plan to modernise the state capital.
Governor Douye Diri of Bayelsa State has strongly defended the recent relocation of the Central Park in Yenagoa, describing it as a key component of his administration’s urban renewal programme aimed at transforming the state capital into a modern city.
Addressing the state executive council meeting at the Government House in Yenagoa, Diri explained that the centralisation of motor parks, such as the recent relocation of inter-state commercial transporters to the new state-owned transport terminal at Igbogene, was a crucial step in modernising the city.
He stressed that this development aligns with global standards for urban growth and was necessary to ensure Yenagoa’s evolution into a modern metropolis.
“Centralised motor parks are features of modern cities, which Yenagoa is gradually turning into,” Diri said. He also warned against the practice of touting around the terminal’s vicinity, reiterating that all travellers must go directly into the terminal for vehicle bookings and boarding.
The Governor further emphasised the security benefits of the relocation, stating that the new terminal would help monitor passengers entering the state and curb criminal activities. “We have stopped those who come into Bayelsa to commit crimes with the movement to the new terminal,” he added.
Diri highlighted his pride in the terminal’s success, noting, “I visited the new terminal and saw its beauty. This is what every modern society does.
For those who play politics and are still criticising, I am very sorry for them. Bayelsans are however happy with what we have done.”
The Governor also commented on the peaceful and crime-free Yuletide period, thanking security agencies for their collaborative efforts that ensured safety during the festive season.
He expressed particular appreciation for dancehall star Enetimi Odon (Timaya), who held the annual Timaya Day concert on January 1, which attracted a large crowd of youths and highlighted the tourism potential of Bayelsa.
“From what I saw, I believe there is hope for this country and our state. We all need to do what is right,” Diri reflected on the success of the event.
In addressing an incident of violence in the Agbere community in Sagbama Local Government Area, the Governor praised the leadership for maintaining peace and assured that investigations into the murder of a chief in the area would continue to uncover those responsible.
Diri’s statements underscore his ongoing efforts to modernise Yenagoa and promote security and tourism in Bayelsa, demonstrating a commitment to creating a safer, more developed environment for residents and visitors alike.
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