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Aviation: NANTA records $500m revenue loss in 2022

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The National Association of Nigeria Travel Agencies (NANTA) on Friday said it recorded a loss of 500 million as revenue in 2022, due to drop in ticket sales.

Mrs Susan Akporiaye, NANTA’s National President, disclosed this during a media briefing held in Lagos on Friday.
Akporiaye said that there had been an appreciable decrease in ticket sales among its members as Nigerian travellers groan over exorbitant ticket fares.

She said foreign airlines operating in Nigeria had blocked all low ticket inventories on their websites and had continued to sell the highest inventories as passengers find it difficult to buy affordable tickets.

According to her, airfares has risen to over 400 per cent to all international destinations and this is as a result of the $550million trapped funds.

“The situation at hand has made Nigerian travellers to patronise agents in other African countries.

“Only less than 30 per cent tickets sold in Nigeria were done by local agents, with this, the Nigerian government is losing a lot of tax.

“To reduce the amount of money that would be trapped in Nigeria, the foreign airlines have also stopped local travel agents from issuing tickets emanating from other countries into Nigeria,” she said.

Akporiaye noted that the association was pained, anxious, and worried, considering the consequences of the job losses recorded.

She said the security risks to Nigerians travelling across borders to connect cheaper flghts was also worrisome.

“Also, the shame of a parallel dollar monetary policy in the travel sector
against established national naira monetary policy.

” We are also worried that none of our poitical parties have deemed it necessary to look at aviation economics, particularly, its homogeneous socio-economic and security opportunities.

“We advise the new government to followup keenly on Bilateral Air services Agreement (BASA) and other extant aviation laws which will open our economy to serious local and foreign investors, we are also remain available for consultation,” she said.

Earlier, Mr Yinka Olapade, NANTA’s National Auditor said that developments in the travel sector had gone so bad that over 720,000 job losses had also been recorded due to the irregularities in the system.

He said that the travel sector contributed over 3.6 per cent to the Gross Domestic Product (GDP) of the nation in 2021 but this dropped drastically in 2022.

He however, urged the federal government to look into the problems in the industry to guide against monumental effect.

“This industry should be taken seriously, it is a goldmine that is capable of repositioning the nation in different capacities,” he said.

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Aviation

Aviation sector to benefit from RIDF

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Aviation is set to be part of key economic drivers that will benefit from President Bola Tinubu’s proposed Renewed Hope Infrastructure Development Fund (RIDF).

In a statement by Ajuri Ngelale, the fund targets strategic sectors like agriculture, transportation, ports,  energy, healthcare, and education along with aviation.

The initiative plans to inject funds into vital national projects to foster growth, bolster local value addition, generate jobs, and spur innovation.

Efficient use of low-interest loans and financing options will secure advantageous arrangements for project financing and operation.

The focus on aviation enhancement involves modernising major airports nationwide with targeted investments and infrastructure upgrades.

The statement reads, “On aviation enhancement, the focus is on the revitalization and modernization of major airports nationwide. Through targeted investments and infrastructure upgrades, major airports will undergo comprehensive refurbishment, including improvement in terminal facilities, runway expansions, and the implementation of cutting-edge technologies to enhance safety and operational efficiency.”

For agricultural infrastructure, the focus includes developing robust networks like storage facilities and irrigation systems.

In port revitalisation, the goal is to modernise facilities and attract investments to enhance Nigeria’s regional trade hub status.

“By modernizing port facilities and implementing advanced monitoring systems, the goal is to optimize efficiency, attract investments, and bolster Nigeria’s position as a regional trade hub,” the statement read.

Key road projects like Lagos-Calabar Coastal Road aim to enhance connectivity and stimulate economic growth.

Rail projects like Lagos-Kano and Eastern lines will modernise transportation networks for speed and reliability.

President Tinubu’s approval of the RHIDF absorbs the PIDF, expediting project delivery for Nigerians’ benefit.

Projects funded under the RHIDF will have a national spread, reflecting the commitment to equitable development.

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Aviation

ICAO Aviation security audit team debriefs Nigeria, indicates strong outing

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The Team Lead of ICAO Security Audit Programme, Callum Vine, announced Nigeria’s strong performance during a debrief after its Audit.

Nigeria recently concluded the International Civil Aviation Organization (ICAO) Security Audit Programme the continuous Monitoring Approach (USAP-CMA) according to a statement emanating from Director, Public Affairs and Consumer Protection, FAAN, Obiageli Orah.

The USAP-CMA aims to improve aviation security compliance by analysing Member States’ performance and implementation of security standards. It focuses on Annex 17: Security Standards and Annex 9: facilitation compliance, along with associated procedures and security practices.

The event held at NCAA Headquarters saw Vine praise Nigeria’s robust policies and agencies, acknowledging their speed in addressing identified deficiencies without complaints.

He mentioned that the full audit report would be available within 60 days, followed by a 30-day period for comments.

FAAN’s Managing Director, Mrs. Olubunmi Kuku, affirmed using the audit results as a roadmap for continuous improvement.

She urged stakeholders to collaborate closely, share best practices, and uphold the highest security standards in the industry.

The debrief was attended by Dr. Emmanuel Meribole, representing the Minister, and Captain Chris Najomo, Acting Director General of NCAA.

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Aviation

Arik Air receives Best Sustainable Airline Company award

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Arik Air has bagged the award for  Best Sustainable Airline of the Year,  2024 by the World Quality Alliance and Quality Standards Journal.

The airline’s Public Relations and Communications Manager, Mr Adebanji Ola, disclosed this in a statement made available to newsmen in Lagos.

Ola said the award was presented to the airline at the National Quality Summit 2024 held on March 22 in Abuja.

According to Ola, the Award General Committee of the National Quality Order of Merit, said the award was meant to celebrate leadership innovations and creativity in quality management.

Ola noted that Dr Ovie Shaka, Vice Chairman, Organising Committee of the National Quality Order of Merit Awards 2024, explained that the award was aimed at identifying, recognising and rewarding companies.

“The award also aims at rewarding personalities and products that apply quality assurance culture and quality management best practices.”

He said the award was presented by Stanley Ohenhen, on behalf of the Organising Committee and received by Arik Air’s Director of Safety, Capt. Jide Bakare.

Ola quoted Arik Air’s Chief Executive Officer, Capt. Roy Ilegbodu, as saying that the award is another testament of the airline’s fastidious adherence to operational safety standards.

Ilegbodu said Arik Air was committed to continual improvement of the management system and operational performance.

Recall that Arik Air also won the 2023  Best In-flight Service Airline by the Nigerian Aviation (NIGAV) Award.

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