FLIGHT TICKET SALES IN NIGERIA DROPPED 45% IN Q1 2020

Written by on February 10, 2021

REVENUE FROM FLIGHT TICKET SALES IN NIGERIA WAS PUT AT $151.09 MILLION IN THE FIRST FOUR MONTHS OF 2020, A 45 PERCENT DROP AS AGAINST $282.36 MILLION GENERATED IN THE SAME QUARTER OF 2019, IT HAS BEEN REVEALED.

THE PRESIDENT OF NIGERIAN ASSOCIATION OF TRAVEL AGENCIES (NANTA), SUSAN AKPORIAYE, DISCLOSED THIS YESTERDAY, DURING A BRIEFING IN LAGOS, SAYING THE DROP WAS AS A RESULT OF THE FLIGHT RESTRICTIONS AND SHUTTING OF AIRPORTS ACROSS THE COUNTRY IN A BID TO CONTAIN THE SPREAD OF COVID-19.

NANTA’S FINANCIAL SECRETARY, DAISI OLOTU, ALLEGED THAT FOR THE PAST THREE MONTHS, THE CBN HAS FRUSTRATED THE ASSOCIATION’S EFFORTS TO GET $50,000 FOREX TO PAY ITS ANNUAL DUES WITHOUT WHICH IATA WOULD CUT OFF ACCESS TO TRAVEL AGENTS WHICH WOULD IN TURN ADVERSELY AFFECT THEIR BUSINESS. QUEST BUSINESS, REACHED OUT TO THE ACTING DIRECTOR, CORPORATE COMMUNICATIONS OF THE CBN, MR. OSITA NWANISOBI, TO COMMENT ON THE ALLEGATIONS BUT AT THE TIME OF FILING THIS REPORT, THERE WAS NO OFFICIAL RESPONSE


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