₦airaland Forum

Racoon:
Why are these Western powers always treating Nigeria like a leper. Imagine the wide disparity in the cost of international airfares between us and our neighbours. Imagine British making IELTS compulsory for immigrating Nigerians while South Africans are exempted? Why?

omohayek:
What a ridiculous non-story! These foreign airlines provided services which Nigerians voluntarily decided to purchase, so what exactly is wrong with them taking home the funds they earned? Were you expecting them to leave their funds stuck in Nigeria indefinitely? You might as well ask them to cease serving Nigeria altogether at that rate - nobody is going to put money into another country if they have no means of ever getting anything back after doing so.

If Nigerians seem to be charged more for flights than people living in other countries, the right thing to do is not to blame profit-seeking private enterprises for doing what they were established to do, but to look at why conditions in Nigeria might be enabling them to make such extraordinary profits in this particular market (if they are indeed doing so, as revenue is not the same as profit). Does Nigeria's airline regulator impose extraordinary burdens that justify charging more? Is there something about the way we treat foreign airlines which makes them demand higher profits to justify the risk of doing business here? Are our busiest airports capacity-constrained? Have the landing slots in them been efficiently allocated according to demand, rather than through the age-old Nigerian favoritism for a few well-connected groups?

There could be any number of reasons why these price disparities exist, but determining what they are requires careful, thorough research, instead of flying off the handle in an entitled rage with nonsensical complaints about foreign businesses who used funds they raised abroad to provide services now deciding to take their earnings back to the countries where they raised the money to pay for the planes, pilots and other staff who made the services possible. Anyone who doesn't like this is free to patronise domestic alternatives or simply stay in Nigeria. Nobody is being forced at gunpoint to fly abroad on a foreign airline.

FreeStuffsNG:
They are coded bureau de change. This is what Emefiele wanted to prevent. They are a huge drain on our fx reserves and literally have no direct impact on our economy beyond travel because they don't have offices in Nigeria and do not invest in the country.

Some of the countries don't even spend USD and we could swap our currencies like Ethiopia air did with Dangote with no single USD paid to repatriate their funds.

This is not sustainable and FG has to step in again.

Racoon:
Why are these Western powers always treating Nigeria like a leper. Imagine the wide disparity in the cost of international airfares between us and our neighbours. Imagine British making IELTS compulsory for immigrating Nigerians while South Africans are exempted? Why?

AareGaa:
Stop defending Emefiele just bc you're ibo.
Emefiele did not prevent anything. He is a crook.

The airlines are not reaping Nigerians off.
If you're paying in dollars, it is still the same amount.
They only charge extra money when you're paying in naira because it's not stable in value.

LikeAking:
But the poverty n suffering is immediate..

See your life?

EcoNews:
Oponu as the capitalist you Igbos claim to be it is ok for your government to hold on to funds belonging to private companies ba ?! If na you igbo dollar FG hold won't your fathers have wail to death by now

jonapeters:
I can't understand the reason the dollar is still very high

obyno82:
That guy freestuffs is not igbo. He has been an ardent supporter of Tinubu. Not everyone that comments on the contrary to what your Emi Lo Kan crooner does is igbo. Haaa you are so tribalistic that it suspends your ability to reason properly.

jonapeters:
I can't understand the reason the dollar is still very high

Racoon:
Why are these Western powers always treating Nigeria like a leper. Imagine the wide disparity in the cost of international airfares between us and our neighbours. Imagine British making IELTS compulsory for immigrating Nigerians while South Africans are exempted? Why?

saphiere:
Give women the opportunity to rule and see the magic. Men have failed.

erniok:
What has warranted this attack. His views are nationalistic and even free stuff responded well. Your tribalists whether from SE or SW are just scums.
@ topic, the disparity is high and I think FG should look at how to make things work in our favour.

omohayek:
What a ridiculous non-story! These foreign airlines provided services which Nigerians voluntarily decided to purchase, so what exactly is wrong with them taking home the funds they earned? Were you expecting them to leave their funds stuck in Nigeria indefinitely? You might as well ask them to cease serving Nigeria altogether at that rate - nobody is going to put money into another country if they have no means of ever getting anything back after doing so.

If Nigerians seem to be charged more for flights than people living in other countries, the right thing to do is not to blame profit-seeking private enterprises for doing what they were established to do, but to look at why conditions in Nigeria might be enabling them to make such extraordinary profits in this particular market (if they are indeed doing so, as revenue is not the same as profit). Does Nigeria's airline regulator impose extraordinary burdens that justify charging more? Is there something about the way we treat foreign airlines which makes them demand higher profits to justify the risk of doing business here? Are our busiest airports capacity-constrained? Have the landing slots in them been efficiently allocated according to demand, rather than through the age-old Nigerian favoritism for a few well-connected groups?

There could be any number of reasons why these price disparities exist, but determining what they are requires careful, thorough research, instead of flying off the handle in an entitled rage with nonsensical complaints about foreign businesses who used funds they raised abroad to provide services now deciding to take their earnings back to the countries where they raised the money to pay for the planes, pilots and other staff who made the services possible. Anyone who doesn't like this is free to patronise domestic alternatives or simply stay in Nigeria. Nobody is being forced at gunpoint to fly abroad on a foreign airline.

LikeAking:
But the poverty n suffering is immediate..

See your life?

saphiere:
Give women the opportunity to rule and see the magic. Men have failed.

EcoNews:
So you are ok with your father owning a million dollar income generating business in the USA n you are ok with the USA govt denying you access to you hard earned money after paying all taxes just sustain their own economy ? This is not considering the investment you made etc

saphiere:
Give women the opportunity to rule and see the magic. Men have failed.

Rich4god:
Your joblessness done too much sotey you just carry tribe enter this matter.

Your case is irredeemable.

sweetgala:
The poverty and suffering has always been present, and we've done littler to none over decades to correct it till now. Everyone was in agreement the FX policy of CBN was flawed and that PMS subsidy was corrupted and needed to end, Buhari then signed PIA which in effect guaranteed it's end but the same Nigerians then went into memory loss once reminded by current president Tinubu about this fact ; including the opposition who all unanimously agreed they'll remove subsidy if in government.

To get to the other side be ready to wade deep waters some will sink some will swim !

LikeAking:
I don't think you have made any meaning point here..

I know you are Yoruba and you are supporting your brother..

But think very well, you stand to gain nothing from his regime..

Fight for your future...

The president is just giving empty promises..

He is a great manupulator...

Racoon:
https://www.google.com/amp/s/punchng.com/foreign-airlines-repatriate-over-4bn-in-15-months/%3famp