Seven Airlines Got ₦2.84 Billion COVID-19 Stimulus Package – FG

The Federal Government has said seven local airlines received a N2.84bn COVID-19 stimulus package.

It said the target of N2.3tn estimated to be spent under the Economic Sustainability Plan had not been achieved.

According to a statement issued in Abuja on Monday, the Federal Government appropriation part of that total, being N500bn, had been released completely by the end of May.

The Federal Government said the funds released had made attaining several objectives of the plan possible.

Speaking on the allocation of funds to the aviation sector, the Minister of State for Budget and Planning said N5bn had been released to support local airlines, ground handlers and other aviation allied businesses.

He said, “Seven scheduled operators, comprising Dana, Overland, Air Peace, Azman, Aero, Arik, and Max Air, received N2.84bn.

“20 non-scheduled operators, comprising cargo and private jet services received N949,909,000; five ground handling operators, including the Nigerian Aviation Handling Company of Nigeria Plc, Skyway Aviation Handling Company Plc, Presion Aviation, Batuke Resources Ltd and Swissport Intl Ltd, received N233,333,000; the National Association of Nigerian Travel Agencies received N196m.

“Airport Car Hire Association of Nigeria received N196m; seven in-flight catering services operators received N233,333,000 and aviation fuel operators received N233,333,000.”

Source:- CmaTrends


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