adplus-dvertising
NgGossips.com
  • Home
  • News
  • Business
  • Society
  • Latest
  • World
No Result
View All Result
Saturday, April 18, 2026
  • Home
  • News
  • Business
  • Society
  • Latest
  • World
No Result
View All Result
NgGossips.com
No Result
View All Result

Govt urges airlines to halt shutdown over fuel crisis

by News Break
April 18, 2026
in Business
0
Airlines threaten shutdown as fuel costs soar
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Federal Government has appealed to domestic airlines to suspend plans to halt flight operations and reconsider any increase in airfares following the sharp rise in the price of Jet A1 fuel.

🚨 BREAKING: Watch the full clip here ➤

The Minister of Aviation and Aerospace Development, Festus Keyamo, made the appeal in a letter addressed to the Airline Operators of Nigeria on Thursday. The move comes amid growing concerns over threats by airlines to suspend operations next week due to the rising cost of aviation fuel.

In the letter, the minister stated, “I write in reference to your correspondence dated April 14, 2026, concerning the operational challenges currently confronting your member airlines, especially the sudden hike in Jet A1 fuel from N900 per litre as at February 28, 2026, to N3,300 per litre as at today, representing a 300 oer cent increase.”

He commended the resilience of airline operators despite the challenging operating environment. The letter read, “At the outset, I wish to commend the resilience, professionalism, and steadfast commitment of your members in sustaining air transport services under evidently difficult conditions.”

Reaffirming the Federal Government’s commitment to the aviation sector under President Bola Ahmed Tinubu, the minister emphasised the strategic importance of the industry.

He said, “Let me reiterate that the administration of President Bola Ahmed Tinubu accords the aviation sector the highest strategic importance. In line with the provisions of the Civil Aviation Act, 2022, the sector remains a critical national asset essential to trade facilitation, national security, employment generation, and overall economic integration.”

➜ Play The Video

“You will also acknowledge that the Government of President Bola Ahmed Tinubu has initiated unprecedented reforms in the sector aimed at supporting the growth and sustenance of the businesses of local operators.”

Keyamo urged the airlines to exercise restraint in adjusting ticket prices despite mounting operational costs.

He stated, “First, I urge your members to exercise restraint with respect to any proposed increase in airfares at this time. While the prevailing cost pressures on your operations are fully acknowledged, any immediate upward adjustment in ticket prices would impose significant hardship on the travelling public, potentially depress demand, and limit accessibility to air transport for a broad segment of Nigerians.”

The minister also appealed to operators to reconsider any plans to suspend flights, warning of wider economic consequences.

He added, “Secondly, I appeal for the reconsideration of any planned suspension of flight operations. Such action would have far-reaching adverse implications for the national economy, disrupt critical mobility and logistics networks, erode public confidence, and undermine the progress recorded under the ongoing reforms within the aviation sector.”

He assured stakeholders that the Federal Government was already taking steps to address the situation. According to him, “I wish to formally assure you that the concerns raised by your members have received the full attention of the Federal Government and we shall take immediate steps to address the issues.”

The minister further disclosed that an emergency stakeholders’ meeting had been convened to find a lasting solution.

He said, “Accordingly, a high-level emergency stakeholders’ meeting has been scheduled to be held on Wednesday, April 22, 2026, in Abuja, bringing together all relevant stakeholders and regulatory authorities with a view to achieving a prompt, practical, and sustainable resolution. The venue and time will be communicated in due course.”

Airlines have recently raised concerns over the soaring cost of Jet A1 fuel, warning that the situation could force them to suspend operations if urgent intervention is not provided.

The development follows earlier warnings by the Airline Operators of Nigeria that domestic carriers may be forced to shut down operations from April 20 if the rising cost of aviation fuel is not urgently addressed. In a letter dated April 14, 2026, the operators said the price of Jet A1 had surged from N900 per litre as at February 28 to N3,300 per litre, representing an increase of over 300 per cent, which they described as “astronomical and artificial.”

The operators noted that airlines had continued to operate for weeks despite mounting losses, stressing that the situation had become unsustainable as revenues could no longer cover even the cost of fuel alone. They warned that the trend posed an existential threat to the aviation industry and could force multiple airlines to suspend operations if no intervention is made.

They further cautioned that a shutdown of flight operations would have far-reaching consequences on the economy, including job losses, disruption to financial institutions, and increased insecurity, while also noting that any attempt to pass the cost to passengers through higher fares could significantly reduce demand for air travel.

🚨 BREAKING: Watch the full clip here ➤

Related Posts

Nigeria earns $70bn from ExxonMobil’s Erha operations
Business

Nigeria earns $70bn from ExxonMobil’s Erha operations

April 18, 2026
Africa faces growth risks from global tensions – Afrieximbank
Business

Africa faces growth risks from global tensions – Afrieximbank

April 18, 2026
FG restricts cement, fertiliser, 15 other goods’ imports
Business

FG restricts cement, fertiliser, 15 other goods’ imports

April 18, 2026
Nigeria commits $500,000 to regional capacity devt initiative
Business

Nigeria commits $500,000 to regional capacity devt initiative

April 18, 2026
MAN rejects petrol import proposal
Business

MAN rejects petrol import proposal

April 18, 2026
FCCPC denies banning airtime borrowing
Business

FCCPC denies banning airtime borrowing

April 18, 2026
No Result
View All Result

Trending

  • Trending
  • Comments
  • Latest

Comment on VIDEO: The Trending Video of  Zimbabwean Female Teacher and  16-Year-Old Boy That Broke the Internet by JUSTICE NTIEDO DESMOND

April 15, 2026
Breaking: VIDEO – Moment Armed Robbers Break Into Home, R@ped House Cleaner Caught on Camera In Nairobi

Breaking: VIDEO – Moment Armed Robbers Break Into Home, R@ped House Cleaner Caught on Camera In Nairobi

April 16, 2026
VIDEO: Chaos in Lagos as Missing Congolese Businesswoman Found Dancing N@ked on Expressway

VIDEO: Chaos in Lagos as Missing Congolese Businesswoman Found Dancing N@ked on Expressway

April 16, 2026

Dead Body Found Behind Hostel in Iworoko Ekiti

April 14, 2026
After US rescues airmen in Iran, commando opens up about IDF’s own daring extractions

After US rescues airmen in Iran, commando opens up about IDF’s own daring extractions

April 17, 2026

Pastor Chris restructures, names Prime Minister, Secretary of State, others

April 15, 2026
Iran negotiators were escorted home from talks by Pakistani air force, fearing Israeli hit

Iran negotiators were escorted home from talks by Pakistani air force, fearing Israeli hit

April 17, 2026

People Donated Up to N6 Million to Me After News Broke That I Earned N45,000 Per Month – Papa Ajasco

April 15, 2026
Mom claimed her toddler died choking on a meatball. Police say she is a murderer

Mom claimed her toddler died choking on a meatball. Police say she is a murderer

April 18, 2026
NPFL moves Bendel Insurance, Wikki Tourists match

NPFL moves Bendel Insurance, Wikki Tourists match

April 18, 2026
Netherlands man gets three years in prison for financing Hamas front

Trump announces he will have updates on Iran ‘by the end of today'

April 18, 2026
Open Toilets To Public, Lagos Urges Banks, Eateries

Open Toilets To Public, Lagos Urges Banks, Eateries

April 18, 2026
Emotional blackmail is not going to slow Otti’s momentum, By Ferdinand Ekeoma

Emotional blackmail is not going to slow Otti’s momentum, By Ferdinand Ekeoma

April 18, 2026
Pope Leo regrets his remarks interpreted as debate with Trump

Pope Leo regrets his remarks interpreted as debate with Trump

April 18, 2026
Adidi Outlines Vision For AMAC/Bwari Federal Constituency

Adidi Outlines Vision For AMAC/Bwari Federal Constituency

April 18, 2026
Netherlands man gets three years in prison for financing Hamas front

Five tankers seen loading oil on Iran's Kharg Island, as US blockades Strait of Hormuz – report

April 18, 2026
  • Home
  • About
  • Contact Us
  • Privacy Policy
  • Terms
© 2025 Nggossips. All rights reserved.
No Result
View All Result
  • Home
  • News
  • Business
  • Society
  • Latest
  • World