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Senate to FG: Increase Bailout for The Aviation Industry to Avoid Cutting Corners

The Nigeria Senate has called on the Federal government to increase  bailout funds to the Aviation Industry to enable it meet up with international best practices to avoid it from cutting corners in it’s routine maintenance of aircrafts.
 This was made known during a press briefing by the Committee Chairman on Aviation,  Senator Smart Adeyemi representing Kogi West Senatorial District in Abuja.
According to the lawmaker, the aviation Industry is one of the safest means of transportation in the country today considering the challenges associated with the transport industry. He also noted that the industry is one of the nation’s highest contributor to the Gross Domestic Product (GDP).
The chairman senate Committee on Aviation, senator Smart Adeyemi has said until something drastically is done in the aviation sector, the operators might cut corners in order to survive.
He said that there is need for the federal government to  review the four billion naira proposed for the aviation operators in the country in the twenty twenty one budget.
He said most countries of the world have a way of providing incentives for the airline operators since the era of COVID- 19 and enjoined the Federal government to act urgently to save the situation from degenerating.
He disclosed that  customs duties on the spare parts for airlines  in the country have escalated unimaginably, making the operators  on the sector  to develop new strategies of cutting corners to remain in the business, which according to him, has high potential risks for travelers in the country.
As part of  solution to this new threat, Senator Smart Adeyemi advised Federal government to introduce bailout as well as advising CBN governor to reduce the interest rate to at least  a single digit rate and    lessen foreign exchange policy for the operators.
He also lamented on the absence of a National Carrier which has contributed immensely to the nation’s woes in the aviation sector.