Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

FG Introduces 30% Discount to Ease Aviation Costs, Says Keyamo

David Azubuike by David Azubuike
June 19, 2026
0
Share on FacebookShare on TwitterShare on Whatsapp

The Federal Government has approved a 30 per cent reduction in statutory charges for domestic airline operators in a move aimed at reducing operational costs and improving efficiency within Nigeria’s aviation industry.

Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this while speaking at the African Air Transport Expo 2026 organised by the African Civil Aviation Commission (AFCAC) in Lomé, Togo.

The minister, in a statement issued by his Special Adviser on Media and Communications, Tunde Moshood, said the initiative reflects Nigeria’s broader commitment to repositioning aviation as a key driver of economic growth rather than a revenue extraction channel.

According to him, the policy also forms part of ongoing reforms targeting VAT neutrality in aviation services and the elimination of multiple or duplicated charges imposed on airline operators.

“Aviation is an economic enabler, not a revenue collection point. Nigeria is aggressively driving down costs through a 30 per cent discount on statutory fees for domestic operators approved by Mr. President, transitioning towards VAT neutrality, and auditing duplicate levies,” Keyamo was quoted as saying.

He explained that reducing cost pressures on airlines would help improve route expansion, passenger affordability, and overall industry sustainability, especially at a time when African aviation markets are seeking stronger integration.

Keyamo also used the forum to call for a shift from policy declarations to practical implementation across the continent, stressing that Africa’s aviation growth depends on measurable outcomes rather than signed agreements that are not fully operationalised.

He emphasised the need to expand air connectivity within Africa, noting that improved market access and fewer restrictions would boost intra-African trade, tourism, investment flows, and regional integration.

“We must move from signatures to actual traffic rights. Over the next 24 months, Nigeria will streamline permits for African carriers, align air agreements, and lead the Banjul Accord Group to progressively treat West Africa as a unified domestic market,” he said.

The minister further urged African governments and aviation stakeholders to prioritise tangible results such as increased flight routes, reduced regulatory bottlenecks, and higher passenger volumes, describing these as the real indicators of progress in the sector.

More News...

FG Introduces 30% Discount to Ease Aviation Costs, Says Keyamo

Real Madrid Sign Konate from Liverpool on Four-Year Deal

Suspected Diarrhoea Outbreak Hits UNILAG Hostels as Management Launches Investigation

RESULTS, NOT RESUMÉS: THE REAL TEST OF LEADERSHIP

Ghana Sues Canada Over Partey World Cup Visa Denial

FG Launches Initiative to End Power Outages in Hospitals, Targets 30% Reliable Supply by 2027

From Shadows to Spotlight: African Futurism Inspires Lagos Exhibition

From Shadows to Spotlight: African Futurism Inspires Lagos Exhibition

Layode Leads Seamless Hajj 2026 Operation as All 1,600 Lagos Pilgrims Return Home Safely

Layode Leads Seamless Hajj 2026 Operation as All 1,600 Lagos Pilgrims Return Home Safely

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters

Loading Comments...