IATA hails Nigeria for clearing 98% of airlines’ trapped funds

Tee Rasheed
1 Min Read

The International Air Transport Association (IATA) has hailed the Nigerian government for clearing 98 per cent of airlines trapped funds in the country, which the carriers had hitherto been able to repatriate.

This positive development comes after years of airlines struggling to repatriate their funds from Nigeria due to strict currency control measures. The Nigerian government’s efforts to clear the backlog of funds have been welcomed by the aviation industry, as it will help improve cash flow for airlines operating in the country. With the majority of funds now cleared, airlines can have more confidence in doing business in Nigeria and can focus on providing better services to passengers. The IATA has expressed its appreciation for the government’s actions and hopes that this will lead to a more stable and conducive operating environment for airlines in Nigeria.

The post IATA hails Nigeria for clearing 98% of airlines’ trapped funds appeared first on The Guardian Nigeria News – Nigeria and World News.

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