The News DietThe News Diet
    What's Hot

    ANLCA Spokesman ‘Onyeme’ Vies For President Of Ex-Commandos Association

    September 29, 2023

    NIMASA Emerges Best Federal Agency On Digital Transformation

    September 28, 2023

    Endangered Species: Seme Customs Intercepts 62 African Parrots, 1 Hawk

    September 25, 2023

    Subscribe to Updates

    Get the latest efficient and accurately analysed news from The News Diet.

    Facebook Twitter Instagram
    Friday, September 29
    Facebook Twitter Instagram
    The News DietThe News Diet
    • Home
    • News
    • Editorial
      • The Verdict
      • Interviews
      • Special Report
    • Maritime

      NIMASA Emerges Best Federal Agency On Digital Transformation

      September 28, 2023

      FG Shops For Bashir Jamoh’s Replacement As NIMASA DG

      September 25, 2023

      Women In Maritime Seek Legislation, Incentives To Curb Plastics Pollution

      September 21, 2023

      WIMA-Nigeria Tasks Blue Economy Ministry To Address Multiple Charges, EoDB

      September 21, 2023

      N180bn Customs Boats Rotting Away At Lagos Marina – MARAN laments

      September 18, 2023
    • Business
    • Politics

      LP, Obi Couldn’t Prove Tinubu’s Conviction In US – Tribunal

      September 6, 2023

      NNPP Suspends Kwankwaso Over Anti-Party Activities, Aniebonam Resigns

      August 29, 2023

      APC Vice Chairman Lukman Resigns Over Illegalities, Interference

      July 26, 2023

      Tinubu Suspends Buhari’s 11th Hour Tax Changes

      July 7, 2023

      FG Declares Monday ‘June 12’ Public Holiday

      June 8, 2023
    • Sports

      AIU Clears Amusan To Participate At World Championships

      August 18, 2023

      Chelsea Agree £23.2m Deal For French/Nigerian Teenage Midfielder ‘Ugochukwu’

      July 30, 2023

      Security Agencies To Commence Sports, CSR Projects At Zongo Community

      June 17, 2023

      Osimhen Leads Napoli To First Serie A Title In 33 Years

      May 5, 2023

      Iwobi Rescues Point For Toffees, Ends 7-month Goal Drought

      May 2, 2023
    • Photo Diet

      2023: ANLCA, APFFLON Presidents Ponder Headway For Freight Forwarding Sector

      January 13, 2023

      Sambo, Lai Mohammed Discuss National Issues At Transport Ministry Headquarters

      November 1, 2022

      Sambo Felicitates With NIMASA DG ‘Jamoh’ On OFR Honours

      October 12, 2022

      St Augustine’s Anglican Church Youths Visit Lagos Ports Complex

      September 15, 2022

      NCAC Presents Partnership-That-Works Award To Governor Sanwo-Olu

      July 14, 2022
    • Lifestyle

      Mohbad’s Death: Valuable Lessons For Young Nigerians

      September 23, 2023

      Marital Bliss: NIWA Celebrates As Engr. Ororo’s Daughter ‘Tare’ Weds ‘Anderson’

      July 4, 2023

      Ezeobi Wins Peak Performing Woman of the Year Award

      July 4, 2023

      OMIS Awards Labeled Africa’s Maritime Oscars

      September 26, 2022

      NATOP, NCAC Deepen Collobaration To Develop Tourism Sector

      September 23, 2022
    • Contact
    The News DietThe News Diet
    Home » FG Commences Talks With Airlines Over Trapped Funds
    News

    FG Commences Talks With Airlines Over Trapped Funds

    Kenneth JukporBy Kenneth JukporAugust 23, 2022No Comments34 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Air Travel Hike Looms Over $600m Airlines’ Fund
    Share
    Facebook Twitter LinkedIn Pinterest Email

     

    The Minister of Information and Culture, Alhaji Lai Mohammed has said relevant authorities are working towards addressing issues concerning revenue of foreign airlines that have been trapped in Nigeria, put at over $600 million.

    Speaking during a facility tour at the new international terminal of the Murtala Muhammed Airport, Lagos, yesterday, the minister said: “On the trapped funds, I can tell you that the relevant authorities are working hard on that issue.”

    Emirates Airlines last week announced that it would stop all scheduled operations to Nigeria from September 1, 2022, if no action was taken by government to address airline’s revenues which it had been unable to repatriate, that have risen to about $95 million.

    There are also indications that other foreign airlines might review their operations to Nigeria over their inability to repatriate their earnings from the country.

    On delayed commencement of flight operations at the new Lagos terminal, the minister said there was need to first test-run the facility and be extremely certain that the equipment was working optimally before the terminal would be put to use.

    “I was here 40 years ago when the first terminal was commissioned. There is a time between the commissioning of an airport and when the airport becomes operational. You know aviation is unforgiven of any mistake. So we need to test-run and be extremely certain that every equipment is working optimally,” Mohammed explained.

    The Minister said the Chinese loan used to facilitate the building of the new terminal would be paid back, adding that the major challenge in Nigeria was that its tax to GDP ratio was so low because most Nigerians don’t pay tax.

    He, however, appealed to Nigerians to help government by paying their taxes, so that there would be reduction in the deficit the country was experiencing.

    The new International Terminal 2 of the Murtala Muhammed International Airport, Lagos, was not built to replace Terminal 1, but to complement it. With this, passengers would be able to check in at one terminal and board at the other.

    Mohammed also observed this was the first terminal added to the original terminal since it was built some 40 years ago.

    “The Terminal 2 Project started in 2013 and was completed by the present administration in 2022, under a bilateral agreement with the People’s Republic of China. The terminal, which has state-of-the art facilities and fittings, has the capacity to process 14 million passengers per annum.”

    “There is a whole new experience in terms of aesthetics, comfort, free trolley services, hotel and premium lounges, friendly customer services and free wifi. Over 10,000 direct and indirect job opportunities have been created in the news terminal,” he added.

    Also speaking at the event, the Managing Director of the Federal Airports Authority of Nigeria, (FAAN), Rabiu Yadudu stated that FAAN would rather take its time than start flight operations at the new airport on wrong footing, adding that this does not mean nothing was being done.

    He said from the September 1, 2022, five more airlines had been scheduled to start operations in the new international terminal.

    Yadudu posited that a lot of integration has to be done and more than eight airlines have shown interest in starting operations at the new terminal, but five would start from September 1.

    “There is a connecting area with the old terminal where passengers will move from one terminal to the other. We need the aircraft to be able to park at one side.”

    “The second part is that FAAN is working with the federal government to ensure the clearing of obstruction so that there will be accessibility for the planes to park in that area,” he said.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    ANLCA Spokesman ‘Onyeme’ Vies For President Of Ex-Commandos Association

    September 29, 2023

    NIMASA Emerges Best Federal Agency On Digital Transformation

    September 28, 2023

    Endangered Species: Seme Customs Intercepts 62 African Parrots, 1 Hawk

    September 25, 2023

    Leave A Reply Cancel Reply

    Latest Post
    News

    ANLCA Spokesman ‘Onyeme’ Vies For President Of Ex-Commandos Association

    September 29, 2023

    The National Publicity Secretary of the Association of Nigeria Licensed Customs Agents (ANLCA), Mr. Emmanuel…

    NIMASA Emerges Best Federal Agency On Digital Transformation

    September 28, 2023

    Endangered Species: Seme Customs Intercepts 62 African Parrots, 1 Hawk

    September 25, 2023

    Emmanuel Onwuka Nominated For Future Awards Africa OAP Category

    September 25, 2023

    FG Shops For Bashir Jamoh’s Replacement As NIMASA DG

    September 25, 2023

    Mohbad’s Death: Valuable Lessons For Young Nigerians

    September 23, 2023

    Editorial Picks

    NIMASA Emerges Best Federal Agency On Digital Transformation

    September 28, 2023

    FG Shops For Bashir Jamoh’s Replacement As NIMASA DG

    September 25, 2023

    Mohbad’s Death: Valuable Lessons For Young Nigerians

    September 23, 2023

    Women In Maritime Seek Legislation, Incentives To Curb Plastics Pollution

    September 21, 2023

    Subscribe to News

    Get the latest efficient and accurately analysed news from The News Diet.

    Advertisement
    Demo
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • YouTube
    Latest Post
    News

    ANLCA Spokesman ‘Onyeme’ Vies For President Of Ex-Commandos Association

    September 29, 2023

    The National Publicity Secretary of the Association of Nigeria Licensed Customs Agents (ANLCA), Mr. Emmanuel…

    NIMASA Emerges Best Federal Agency On Digital Transformation

    September 28, 2023

    Endangered Species: Seme Customs Intercepts 62 African Parrots, 1 Hawk

    September 25, 2023

    Emmanuel Onwuka Nominated For Future Awards Africa OAP Category

    September 25, 2023

    FG Shops For Bashir Jamoh’s Replacement As NIMASA DG

    September 25, 2023

    Mohbad’s Death: Valuable Lessons For Young Nigerians

    September 23, 2023

    About Us:

    The News Diet is a credible newsblog managed by JUKKEN Consults Limited, a media organization and public relations consulting outfit.

    JUKKEN Consults is also focused on Brand Management, Media Buying, Print Production, etc. The outfit has an impressive track-record of executing media campaigns and projects for high profile clients across various sectors of Nigeria’s economy.

    We also operate a waste recycling/ eco-promotional company, Golden Debris.

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    ANLCA Spokesman ‘Onyeme’ Vies For President Of Ex-Commandos Association

    September 29, 2023

    NIMASA Emerges Best Federal Agency On Digital Transformation

    September 28, 2023

    Endangered Species: Seme Customs Intercepts 62 African Parrots, 1 Hawk

    September 25, 2023

    Emmanuel Onwuka Nominated For Future Awards Africa OAP Category

    September 25, 2023
    Get Informed

    Subscribe to Updates

    Get the latest efficient and accurately analysed news from The News Diet.

    © 2023 All right reserved. The News Diet.
    • Home

    Type above and press Enter to search. Press Esc to cancel.