TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

FG begins talks with airlines over trapped funds

The Citizen by The Citizen
August 23 2022
in Business, Governance, Headlines
A A
0
FG begins talks with airlines over trapped funds

The federal government on Monday confirmed relevant authorities were working towards addressing issues concerning revenue of foreign airlines that had been trapped in Nigeria, estimated at over $600 million.

Speaking during a facility tour at the new international terminal of the Murtala Muhammed Airport, Lagos, yesterday, The Minister of Information and Culture, Alhaji Lai Mohammed, 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 said.

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 said 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 said 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 said 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.

Also speaking after the tour, the Director General, Nigeria Civil Aviation Authority (NCAA), Musa Nuhu refuted reports that the authority has increased landing and parking fees.

“I am not aware and I have not authorised any charge increase. The truth of the matter is that the last time NCAA increased its charges was 10 years ago. If we were charging N5, 000 10 years ago and we are still charging same amount, it means we are not recovering our costs.

“We are providing services and subsidising it. We understand the difficulties facing the industry now, but going forward, we have to sit down and review it because NCAA does not get any money from federal government. All our revenues are internally generated and we need the revenues to provide the appropriate services for the safety, security and efficient service delivery to the public. NCAA can also not increase any charge without having a stakeholders’ consultation,” Nuhu explained.

Previous Post

Chimamanda Adichie trends after speech on Nigeria lacking heroes

Next Post

Fed Govt denies plan to proscribe ASUU

Related Posts

Reps approve transfer of NSIB from aviation ministry to Presidency
Governance

Reps approve transfer of NSIB from aviation ministry to Presidency

April 22 2026
FAAC shares N2.09tr to FG, states, local councils as October revenue
Governance

FAAC shares N2.04tn for March as revenue rises by N150bn

April 22 2026
FG to waive airline debts as Tinubu intervenes in aviation fuel crisis
Business

FG to waive airline debts as Tinubu intervenes in aviation fuel crisis

April 22 2026
Sahara Group champions LPG as Africa’s fastest path to energy access, security
Business

Sahara Group champions LPG as Africa’s fastest path to energy access, security

April 21 2026
NCC, CBN sign MoU for consumer safety, inaugurate committees for protection against fraud
Business

NCC, CBN sign MoU for consumer safety, inaugurate committees for protection against fraud

April 21 2026
FG opens 2026 PTDF scholarship for engineering students
Governance

FG opens 2026 PTDF scholarship for engineering students

April 21 2026
Next Post
ASUU threatens strike over FG failure to implement 2009 agreement

Fed Govt denies plan to proscribe ASUU

ASUU executive council decides on varsity strike Sunday

ASUU executive council decides on varsity strike Sunday

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Service Chiefs: Let the changes count – Punch

Tinubu approves ₦17bn grassroots devt fund for 8,804 wards

by The Editor
April 22 2026
0

...

Police launch manhunt for killers of Imo traditional ruler

Police launch manhunt for killers of Imo traditional ruler

by The Editor
April 11 2026
0

...

Lassa fever deaths rise in Nigeria

Lassa fever deaths rise in Nigeria

by The Editor
April 9 2026
0

...

Oyo govt installs Sen Alli, two Ibadan High Chiefs as monarchs in absentia

Oyo govt installs Sen Alli, two Ibadan High Chiefs as monarchs in absentia

by The Editor
April 3 2026
0

...

APPOINTMENTS

Tinubu appoints NECO, NBTE chairmen, names poly rector, renews library DG tenure

Tinubu appoints NECO, NBTE chairmen, names poly rector, renews library DG tenure

by The Editor
April 22 2026
0

...

416 nurses, midwives get automatic appointments in Yobe

416 nurses, midwives get automatic appointments in Yobe

by The Editor
April 8 2026
0

...

Tinubu renews Bugaje’s appointment as NBTE boss

Tinubu renews Bugaje’s appointment as NBTE boss

by The Editor
April 2 2026
0

...

Kwara governor congratulates new CAF General Secretary

Kwara governor congratulates new CAF General Secretary

by The Editor
April 1 2026
0

...

ODDITIES

Nigeria’s ambassador-designate dies before assumption of office

Nigeria’s ambassador-designate dies before assumption of office

by The Editor
April 22 2026
0

Bwala, Hasan and the art of the political interview

I had throat surgery after Al Jazeera interview – Daniel Bwala

by The Editor
April 11 2026
0

Robbers cut off teacher’s hand in Kano

Robbers cut off teacher’s hand in Kano

by The Editor
April 9 2026
0

GLOBAL NEWS

US senator accuses Nigerian officials of complicity in killings of Christians

US senator accuses Nigerian officials of complicity in killings of Christians

by The Editor
April 22 2026
0

...

Iran warns US military vessels, others to avoid Strait of Hormuz

Iran military command closes Strait of Hormuz again

by The Editor
April 18 2026
0

...

Trump threatens to end Iran ceasefire if no deal by Wednesday

Trump threatens to end Iran ceasefire if no deal by Wednesday

by The Editor
April 18 2026
0

...

Italy suspends defence agreement with Israel as Lebanon attacks stoke tensions

Italy suspends defence agreement with Israel as Lebanon attacks stoke tensions

by The Editor
April 14 2026
0

...

Ghanaians pray daily for Nigeria’s success, says Pres. Mahama

Ghanaians pray daily for Nigeria’s success, says Pres. Mahama

by The Editor
April 14 2026
0

...

State of the States

Ondo commences 2025 OSOPADEC scholarship, bursary for students

Ondo commences 2025 OSOPADEC scholarship, bursary for students

by The Editor
April 21 2026
0

...

Delta govt urges youths to join Army

Delta govt urges youths to join Army

by The Editor
April 11 2026
0

...

21,452 applicants jostle for 1,000 rural teaching Jobs in Nasarawa

21,452 applicants jostle for 1,000 rural teaching Jobs in Nasarawa

by The Editor
April 10 2026
0

...

Police begin statewide offensive after deadly Kebbi attacks

Police begin statewide offensive after deadly Kebbi attacks

by The Editor
April 10 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
APC senate number swells to 91, PDP down to 5 as Ngwu, Yaro defect to ruling party

APC senate number swells to 91, PDP down to 5 as Ngwu, Yaro defect to ruling party

April 22 2026
Reps approve transfer of NSIB from aviation ministry to Presidency

Reps approve transfer of NSIB from aviation ministry to Presidency

April 22 2026
Nigeria’s ambassador-designate dies before assumption of office

Nigeria’s ambassador-designate dies before assumption of office

April 22 2026
Tinubu, Jonathan hold closed-door talks amid regional consultations

Tinubu, Jonathan hold closed-door talks amid regional consultations

April 22 2026

EDITORIAL REVIEW

Curfew in Abuja today for LG council elections

Hidden cost of elections – Punch

by The Editor
April 17 2026
0

Oil prices jump back toward $100 on Mideast ceasefire doubts

As Nigeria moves away from oil dependency – Punch

by The Editor
April 13 2026
0

Easter gets bloodier – Punch

Easter gets bloodier – Punch

by The Editor
April 12 2026
0

Security chiefs’ discordant tunes – Punch

Security chiefs’ discordant tunes – Punch

by The Editor
April 10 2026
0

NASS: Withdraw MDPA amendment bill – Punch

NASS: Withdraw MDPA amendment bill – Punch

by The Editor
April 9 2026
0

Opinion

Even INEC admonishes the media?

Even INEC admonishes the media?

by The Editor
April 12 2026
0

...

Enugu: Gov Mbah presents N521.5bn budget for 2024

Mbah: From contested mandate to constructive governance in Enugu

by The Editor
April 9 2026
0

...

Tinubu finds his own demons

How will Tinubu campaign in Plateau State?

by The Editor
April 9 2026
0

...

Bwala, Hasan and the art of the political interview

Bwala, Hasan and the art of the political interview

by The Editor
April 6 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.