₦airaland Forum

SarkinYarki:
Hahhahahah I pity who dey depend on SW person 😂😂😂😂😂. If you say SW person gets your back then you have no back 😂😂😂😂, I have done business with them , made friends with , drank with them , partied with them ,helped a lot of them but I can tell you one thing is never depend on them for anything because they must let you down

Ofunaofu:
Absolutely

A notorious drunkard, always getting drunk on forty-year-old whiskey, and a loquacious, loud-mouthed fellow claiming to be a media aide.

Like attracts like.

MadamExcellency:
Aburi should go and look for work. He's a desperado because the party cut off all his access to money.

happney65:
Yes,Obi and his supporters are wicked. His supporters WHO dont throw any physical violence against anybody as against those who brought in killers into Nigeria because they want to win elections

E ni shey orire

nedu666:
So obi is equivalent to God. Omnipresent that he is responsible for every thing his supporter says. If I say call agbero omo ale, na obi fault. Na wa for all these nursery school pupils on Nairaland

Dalohad:
He don carry Peter Obi enter box 18 as usual.

I bet it Tinubu himself who was killing voters in Lagos during elections, not MC Oluomo and the agberoes.

GardenOfGod:
Akwa Ibom State has been captured finally. Let's see if Lagos go relinquish one Seaport to Akwa Ibom.

If Umo Eno no fit attract Ibom deep Seaport to Akwa Ibom, then he was being fooled to join APC.

Agbegbaorogboye:
That's true
His house is on bourdillon
What they give these zombies to smoke I still don't know
Useless thread

blackgold2018:
thats the problem we have in Nigeria.

Do you think im supporting any of the two? Most Nigerians what anything that wouldn't make Tinubu return there

FreeStuffsNG:
He is not an idiot. He's going to be US President some day. He used Trump and still using him by drawing him into a duel. It's now Trump vs Musk. That's a huge political badge.

Trump should have ignored him but he is going into a duel at a time his rating and poll numbers have tanked and on a day that economic data release confirm dropping jobs, imports and losing USD. If I were him, I would have borrowed the wisdom of Biblical Nehemiah when asked to come down and fight.

Musk has found out that Trump is now part of the dumb Republican groupie Trump once called dumb. Musk has equally seen that most Americans dislike both Republicans and Democrats. So if he defeats Trump who defeated the Democrats, he becomes the true Apex. He can choose to be an independent and lure most guys out of both parties.

SmartPolician:
Discipline and consistency are useless if they don't produce positive results. Yes, I said so! Escobar represents everything wrong with the Nigerian state.

mrvitalis:
Why would I admire a good politician that is bad in governance?

Please make it make sense

Other president have had such powers but decided it was morally wrong or the optics was very bad

If OBJ wanted he would have removed tinubu by state of emergency or 5 house members

Jonathan would have offered APC guys what ever they wanted

But people had integrity and know what optics meant

Jashub:
I expect Russia to respond with 2x very soon

The International Air Transport Association (IATA) says Nigeria has been removed from the list of countries with unrepatriated airlines’ revenue — otherwise known as blocked or trapped funds.

Kamil Al-Awadhi, IATA’s regional vice-president for Africa, Middle East, and Europe (AME), spoke at a news conference during the association’s recent annual general meeting (AGM).

He said while blocked funds remain a challenge in the region, there have been “significant” improvements in countries like Nigeria, Egypt and Ethiopia.

“Significant improvements have been made in Nigeria, Egypt and Ethiopia over the last year, with Nigeria no longer on the list of blocked funds countries,” the vice-president said.

“However, countries in AME continue to top the blocked funds list. Mozambique is currently withholding the largest amount of blocked funds globally, followed by the XAF Zone (Cameroon, Central African Republic, Chad, Republic of the Congo (Congo-Brazzaville), Equatorial Guinea, Gabon) and Algeria and Lebanon.”

Al-Awadhi said as of April, a total of $1.28 billion is withheld globally, increasing from $1.7 billion in October 2024.

He said 29 AME countries are currently withholding international airlines’ revenues, with a total of $1.1 billion – representing 85 percent — being blocked in Africa and the Middle East.

“… out of that, $919 million is tied up in African countries,” the vice-president added.

According to a breakdown provided by the IATA official, countries with the highest amount of blocked funds in the AME as of April, include Mozambique ($205 million) XAF Zone ($191 million) Algeria ($178 million) Lebanon ($142 million) and Angola ($84 million).

‘GOVERNMENTS SHOULD PRIORITISE AVIATION IN ACCESS TO FX’

Al-Awadhi bemoaned the impact of unrepatriated revenues, and stressed the importance of cash flow to airlines’ business sustainability.

He said when airlines are unable to repatriate their funds, it severely impedes their operations and limits the number of markets they can serve.

“Reduced air connectivity hampers countries’ competitiveness, diminishes investor confidence and labels countries as a high-risk place to do business,” he added.

“Strong connectivity is an economic enabler and generates considerable economic and social benefits.

“We call on governments to prioritise aviation in the access to foreign exchange on the basis that air connectivity is a vital key economic catalyst for the country.”

For years, blocked funds have been a subject of dispute between Nigeria and international carriers.

As of 2023, Nigeria was said to be withholding the highest amount of airlines’ revenue in the world, due to a chronic foreign exchange (FX) shortfall that plagued industries.

In response, aviation companies suspended operations in Nigeria and removed local travel agents from issuing tickets.

As tensions flared, the Central Bank of Nigeria (CBN) under Godwin Emefiele, its erstwhile governor, released $265 million to airlines to halt the crisis in the aviation sector in 2022.

The disbursements continued under the current administration, with an additional $61.64 million as Nigeria renewed its commitment to clear its outstanding FX backlog — estimated at about $7 billion.

In March 2024, the CBN announced that it successfully cleared the FX backlog, with the IATA later confirming that Nigeria had cleared 98 percent of blocked airlines’ funds.

The last reported blocked funds in Nigeria were about $850 million.