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A flight from South Africa to London or Istanbul, despite the long distance, has always been cheaper than flights from Lagos to London or Istanbul, on the same airline and same date. The difference in ticket prices has made a number of Nigerian passengers fly from Accra, Ghana to London, Canada and other frequently visited destinations in a bid to cut costs. The question then is why the wide disparity in ticket prices from Nigeria and other African destinations? Is it just a rip-off as many have alleged or there are several factors that contribute to this worrisome trend? While foreign airlines have linked the high cost of tickets to the exchange rate in Nigeria and their trapped funds, some aviation stakeholders have argued that other African countries with high exchange rate and trapped funds still have relatively cheaper fares than there is in Nigeria. Some stakeholders have argued that foreign airlines have continued to leverage demand and the absence of Nigerian carriers on international routes to “rip off” Nigerians. In 2019 when Air Peace commenced flights from Lagos to the United Arab Emirates, base fares immediately dropped on the route from N400,000 on Emirates and Qatar to about N250,000. “We just need our local airlines to stand up to the task and compete with these foreign airlines coming here to rip us off. All foreign airlines operating in Nigeria increased fares exponentially but same airlines’ tickets are cheaper in neighbouring countries to the same routes,” a stakeholder who did not want to be mentioned told BusinessDay. Another stakeholder explained that Virgin Atlantic tried to fly to Accra from London with the same aircraft configured for Nigeria with heavy emphasis on upper class but it quietly quit even at the lower fares. “Nigerians were now flying to Ghana to take advantage of the slightly lower fares to the UK. If no one can bankroll an airline with the financial muscle to equip it with dozens of aircraft to fly locally then even international is a near impossibility. If we lower our taxes and improve efficiency then the airlines could lower their fares. If we code share on lucrative routes with local airlines partnering to take a small share we might be able to get in the game,” he said. He noted that if Nigerians accepted that jet turboprop aircraft are the best Nigeria can afford for local flights and had a hundred of them, the country would have the beginnings of an industry. He said: “As long as we scare away the only airline in the world that was persistently trying to do business with us because they understand our market and value our custom (Ethiopian Airways), we aren’t flying anywhere in a hurry. It will take us 100 years. “When you look at the taxes airlines are charged in conjunction with exchange rate issues (hopefully now rested but they still need to get their money out) coupled with lack of competition on the route, they can pretty much charge what they like, provided they continue to get passengers who are willing to pay.” Last month, the International Air Transport Association (IATA) disclosed that Nigeria owed $812.2 million out of $2.27 billion trapped funds, making it the country with the highest trapped funds globally. Kingsley Nwokeoma, president of Association of Foreign Airlines and Representatives in Nigeria, told BusinessDay that foreign airlines are not ripping off Nigerians in anyway but the exchange rate and trapped funds which is close to one billion dollars has forced them to block the low inventories (low fares) in Nigeria while these low fares are available in other African ticket selling platforms. He said this action is simply to reduce the amount of trapped funds in the country. “If the government does not work with foreign airlines to resolve the issue, it will affect the Nigerian economy and will be a plus to other neighbouring countries,” Nwokeoma said. He advised the Central Bank Nigeria (CBN) to sit down with the airlines and try to see how they would pay part of the money to the airlines. “Boeing will not ask the airlines if people are repatriating money or not. They want their money paid. The same applies to other service providers,” he added. The AFARN president said that the amount of money being owed by the CBN “is embarrassing because it is a business these airlines are running and if there are no funds, it will definitely affect safety”. Seyi Adewale, an aviation analyst and chief executive officer of Mainstream Cargo Limited, told BusinessDay that international airlines are significantly benefitting from a barrage of odds against the Nigerian travelling citizens, adding that the odds could start from an overview that the propaganda is generally not in Nigeria’s favour. Adewale said: “The general narrative that international airlines have trapped funds already places us at a disadvantage as resounded by IATA. “Secondly, the notion that pre-existed the floatation of the naira is that there was a wide disparity and indeed an arbitrage between official naira dollar exchange rate and that of the parallel exchange rate that accentuated the controversy of what exchange rate the airlines are to adopt and how this affects the repatriation of their funds. “There were about four exchange rate platforms with significant differing rates amongst all the four. This may have been tamed by the recent fact that the naira-dollar now has managed-floatation policy from the new federal government that has potentially limited the propaganda narrative against Nigeria. It is instructive to note the out-of-box thinking that is now at play regarding the currency and debt swap allegedly adopted by Ethiopian Airlines and Dangote Group.” He said the international airlines benefit from the fact that domestic airlines are yet to substantially demonstrate the capacity to fly long haul routes and “Nigeria does not have a national carrier able to ‘fight back’ in a reasonable manner or benefit from the signed Bilateral Air Service Agreement with the respective countries”. He said it will not be surprising that the countries party to these agreements are not willing, interested or supportive of the recognition of the domestic airlines in a fair manner. “Relating to our culture, the propensity for Nigerians to travel at the slightest instance further exacerbates this issue with its hugely dispersed Diaspora population,” Adewale said. “It may please us to remember that airline ticketing/ selling rates are also demand and supply based. This can be proven with the high disparity between flying in or out of Lagos as compared with that of Abuja,” he said. Read also: Spare parts clearance: Airline operators, customs partner to establish aviation desk Olumide Ohunayo, an industry analyst and director of research at Zenith Travels, said the continuous increase in ticket on the Nigerian route is because of the demand pull. According to Ohunayo, this demand pull is not being met by capacity on the route and that is why the price difference is so much. He said: “As popular as the London route is with 21 frequencies already used to the maximum by British carriers, we need a representative on this route. Listening to the Air Peace chairman, it is not the will but the support. Government needs to support local locals on international routes. “When an airline flies into another country, it becomes a flag on that route. The ministry of justice, foreign affairs and aviation are supposed to follow the airline through. The airline must not be a national carrier before it gets protection. Virgin Atlantic is protected by the British government on issues that have to do with international trade and the same applies to numerous carriers from the United States.” https://businessday.ng/aviation/article/explainer-why-airfares-from-nigeria-are-higher-than-african-peers/
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this Adamu of man has always be a crook |
Abdullahi Adamu was asked to resign as the national chairman of the All Progressives Congress (APC) on Sunday after a prolonged cold war with President Bola Tinubu, TheCable understands.https://www.thecable.ng/revealed-the-n32bn-final-straw-that-led-to-the-ouster-of-adamu-as-apc-chair/amp
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The Chief of Army Staff, Maj. Gen. Taoreed Lagbaja, has ordered troops to seize control of areas where the Indigenous People of Biafra enforce their sit-at-home order throughout the South-East states. The order came after a Finland-based pro-Biafra agitator, Simon Ekpa, announced that there would be a two-week sit-at-home in the South-East region from July 31. According to him, the order was to demand the immediate and unconditional release of the detained IPOB leader, Nnamdi Kanu, as well as facilitate the freedom of Biafra nation, among others. Ekpa warned that failure to comply with the sit-at-home order would attract ‘heavy consequences’. Vox Naija: Nigerians Lament Poor Circulation Of New Naira Notes However, speaking in an interview with The PUNCH, the Director, Army Public Relations, Brig. Gen. Onyema Nwachukwu, declared that such an announcement was unlawful and would not be condoned. He said the troops of the 82 Division had been given an order to work with other security agencies to ensure citizens go about their businesses freely. Onyema said, “The renewed threat by IPOB to compel the people in southeastern Nigeria to sit at home is not only appalling but a violation of the fundamental rights of southeastern Nigerians and, therefore, unlawful. This will never be condoned. The Chief of Army Staff, Maj. Gen. Taoreed Lagbaja, has ordered troops to seize control of areas where the Indigenous People of Biafra enforce their sit-at-home order throughout the South-East states. The order came after a Finland-based pro-Biafra agitator, Simon Ekpa, announced that there would be a two-week sit-at-home in the South-East region from July 31. According to him, the order was to demand the immediate and unconditional release of the detained IPOB leader, Nnamdi Kanu, as well as facilitate the freedom of Biafra nation, among others. Ekpa warned that failure to comply with the sit-at-home order would attract ‘heavy consequences’. However, speaking in an interview with The PUNCH, the Director, Army Public Relations, Brig. Gen. Onyema Nwachukwu, declared that such an announcement was unlawful and would not be condoned. He said the troops of the 82 Division had been given an order to work with other security agencies to ensure citizens go about their businesses freely. Onyema said, “The renewed threat by IPOB to compel the people in southeastern Nigeria to sit at home is not only appalling but a violation of the fundamental rights of southeastern Nigerians and, therefore, unlawful. This will never be condoned. Lagosians Lament Stressful Collection Of PVCs However, speaking in an interview with The PUNCH, the Director, Army Public Relations, Brig. Gen. Onyema Nwachukwu, declared that such an announcement was unlawful and would not be condoned. He said the troops of the 82 Division had been given an order to work with other security agencies to ensure citizens go about their businesses freely. Onyema said, “The renewed threat by IPOB to compel the people in southeastern Nigeria to sit at home is not only appalling but a violation of the fundamental rights of southeastern Nigerians and, therefore, unlawful. This will never be condoned. “The Chief of Army Staff has handed down clear directives to the 82 Division of the Nigerian Army operating in synergy with other security agencies to ensure robust patrols to dominate all flashpoints and emplace measures to ensure citizens are free to go about their legitimate businesses. “Strangely, Simon Ekpa, a notorious terrorist and self-acclaimed leader of IPOB, is in Finland making a living for himself and his family, but ordering the people to shut down their means of livelihood by sitting at home.” The army spokesman called on Nigerians in the South-East region to disregard the sit-at-home order, urging them to support the security forces to defeat IPOB. Onyema said, “We implore the good and enterprising people of the South-East to shun all forms of cajoling or threats aimed at unlawfully compelling them to be reclusive by sitting at home. We urge them to join forces with the security operatives to resist this illegality perpetrated by IPOB.” Similarly,the police have vowed to resist the sit-at-home order in any part of the South-East. The Force spokesperson, Muyiwa Adejobi, told The PUNCH that the police had killed and arrested non-state actors enforcing the order, adding that the force would not rest on its oars. Adejobi disclosed that the police were keeping a watch on the sponsors of the agitators. He said, “The police will not allow any unlawful order to stand in any part of Nigeria. The sit-at-home order is illegal and unacceptable. We have suppressed and neutralised the non-state actors who have been trying to enforce the order. We have arrested many of them and recovered their weapons. “We will not relent in our efforts to maintain law and order in all parts of Nigeria, and we assure the people in the South-East to go about their lawful businesses as we have emplaced adequate security measures to protect them. We are keeping watch on the sponsors of these agitators who cause pain and sorrow in the areas. Meanwhile, the Governor of Enugu State, Peter Mbah, visited the headquarters of the Nigerian Navy in Abuja to seek support for the abolition of sit-at-home in the state. The governor had, on June 2, declared sit-at-home banned in Enugu, saying it was injurious to the economy of the state. Despite his declaration, however, sit-at-home remains a feature of the state on Mondays. Speaking to journalists during his visit to Abuja, Mbah said attracting investors to Enugu State would be an uphill task if sit-at-home persists. The governor said, “If we must deal with the root causes of insecurity we have in our country, we must adopt both the kinetic and non-kinetic approaches to dealing with insecurity, and we felt that the big elephant in the room is to address those activities that may be an inhibitor to bringing in investors to our state. The Chief of Army Staff, Maj. Gen. Taoreed Lagbaja, has ordered troops to seize control of areas where the Indigenous People of Biafra enforce their sit-at-home order throughout the South-East states. The order came after a Finland-based pro-Biafra agitator, Simon Ekpa, announced that there would be a two-week sit-at-home in the South-East region from July 31. According to him, the order was to demand the immediate and unconditional release of the detained IPOB leader, Nnamdi Kanu, as well as facilitate the freedom of Biafra nation, among others. Ekpa warned that failure to comply with the sit-at-home order would attract ‘heavy consequences’. This Nigerian Boy Holds The Guinness Record For The Most... However, speaking in an interview with The PUNCH, the Director, Army Public Relations, Brig. Gen. Onyema Nwachukwu, declared that such an announcement was unlawful and would not be condoned. He said the troops of the 82 Division had been given an order to work with other security agencies to ensure citizens go about their businesses freely. Onyema said, “The renewed threat by IPOB to compel the people in southeastern Nigeria to sit at home is not only appalling but a violation of the fundamental rights of southeastern Nigerians and, therefore, unlawful. This will never be condoned. “The Chief of Army Staff has handed down clear directives to the 82 Division of the Nigerian Army operating in synergy with other security agencies to ensure robust patrols to dominate all flashpoints and emplace measures to ensure citizens are free to go about their legitimate businesses. “Strangely, Simon Ekpa, a notorious terrorist and self-acclaimed leader of IPOB, is in Finland making a living for himself and his family, but ordering the people to shut down their means of livelihood by sitting at home.” The army spokesman called on Nigerians in the South-East region to disregard the sit-at-home order, urging them to support the security forces to defeat IPOB. Onyema said, “We implore the good and enterprising people of the South-East to shun all forms of cajoling or threats aimed at unlawfully compelling them to be reclusive by sitting at home. We urge them to join forces with the security operatives to resist this illegality perpetrated by IPOB.” Similarly,the police have vowed to resist the sit-at-home order in any part of the South-East. The Force spokesperson, Muyiwa Adejobi, told The PUNCH that the police had killed and arrested non-state actors enforcing the order, adding that the force would not rest on its oars. Related News Sit-at-home: Imo police arrest 26 suspected IPOB members Police kill sit-at-home enforcers, IPOB declares 14-day lockdown IPOB: Panic in Anambra over shooting, Ebonyi police arrest 15 Adejobi disclosed that the police were keeping a watch on the sponsors of the agitators. He said, “The police will not allow any unlawful order to stand in any part of Nigeria. The sit-at-home order is illegal and unacceptable. We have suppressed and neutralised the non-state actors who have been trying to enforce the order. We have arrested many of them and recovered their weapons. “We will not relent in our efforts to maintain law and order in all parts of Nigeria, and we assure the people in the South-East to go about their lawful businesses as we have emplaced adequate security measures to protect them. We are keeping watch on the sponsors of these agitators who cause pain and sorrow in the areas. Meanwhile, the Governor of Enugu State, Peter Mbah, visited the headquarters of the Nigerian Navy in Abuja to seek support for the abolition of sit-at-home in the state. The governor had, on June 2, declared sit-at-home banned in Enugu, saying it was injurious to the economy of the state. Despite his declaration, however, sit-at-home remains a feature of the state on Mondays. Speaking to journalists during his visit to Abuja, Mbah said attracting investors to Enugu State would be an uphill task if sit-at-home persists. The governor said, “If we must deal with the root causes of insecurity we have in our country, we must adopt both the kinetic and non-kinetic approaches to dealing with insecurity, and we felt that the big elephant in the room is to address those activities that may be an inhibitor to bringing in investors to our state. “We identified insecurity as one of those inhibitors; we felt that it was a clog in the wheel of our continued development, and that was why, immediately after I assumed office, I convened a Security Council meeting, and following that, we made a pronouncement that we wanted the sit-at-home to end. This is because we have zero tolerance for that. “There is no way we’ll be able to achieve the exponential picture we have painted, those massive promises about growing our economy and eradicating poverty, it will not happen if we don’t deal with that problem, and of course that requires we tighten our security architecture, and mobilise our security agencies in our state to be able to deal with it.” Mba said he looked up to the partnership with the Navy to help bolster security in Enugu State and uphold the unity of the country. He said, “Thus far, we are getting the required support from the security agencies, and we are hoping to see them join hands with us to be able to deal with this big elephant. “When I was sworn in, I took an oath to defend the unity of this country, and that is exactly what we’ll do, and we are not going to endorse any behavior that is outside that.So, what we are saying, in effect, is that we look forward to partnering with the Navy in those areas that are necessary to do so to achieve one common goal of building one unifying country, peace, and security.” https://punchng.com/sit-at-home-army-chief-orders-raid-on-ipob-hideouts/
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Pepper them my President i know you won't go India and be given fake statistics like Obidient presidential candidate 🙄 |
The government of India has invited President Bola Ahmed Tinubu to the G20 summit.https://thenationonlineng.net/india-invites-tinubu-for-september-g20-summit/
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Floating NNPC filling station in Buguma, Asari-Toru LGA of Rivers State
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The President would spend the Sallah holiday in Lagos, the nation’s commercial hub.https://www.channelstv.com/2023/06/25/tinubu-to-arrive-in-lagos-tuesday-for-sallah/
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ottersberger:Oponu! see you wey don pass Amsterdam, if you don't have any meaningful to say can't you just^ STFU^ |
Candidlady:Ah, aunty why are you like this, this train station have been like this for more than three year's now |
President Tinubu should continue from where former President Buhari stop on infrastructure we need to set goal of twenty years infrastructural development |
Beautiful view of the World Class (Mobolaji Johnson) Train Station, Ebute Meta, Lagos, Nigeria 🇳🇬. It's the largest and most beautiful train station in West Africa.
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Idan |
Video
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The President was received by the French Minister of Europe & Foreign Affairs, Catherine Colonna.https://twitter.com/DOlusegun/status/1671822514903818242?t=bmUa_XoAVENgI6BGb2lmlQ&s=19
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:that's my President, he is the man i voted for😁 |
Bola Tinubu surprises observers with changes to central bank, anti-corruption agency and subsidieshttps://www.ft.com/content/8d9a07c4-281c-430f-a004-007960a0540c
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The Force Public Relations Officer, CSP Olumuyiwa Adejobi, has reacted to the prank video of a popular skit maker, Trinity Guy. Adejobi, who had previously warned skit makers who use pranks for a living to regulate… twitter.com/i/web/status/1…
https://www.youtube.com/watch?v=U1gOVwo-paU |
:Jagaban built Men😏
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FLASHBACK: Who can Identify the Man in suit and tie exactly at the back of BAT (when he was Governor) …… 😁😁😁
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FLASHBACK: Who can Identify the Man in suit and tie exactly at the back of BAT (when he was Governor) …… 😁😁😁 |
🕳PBAT don't negotiate with terrorist🙄 |
Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo Youth Council Worldwide has expressed outrage over the attack on Mazi Nnamdi Kanu, leader of the Indigenous People of Biafra, by ex-militant leader, Mujahid Dokubo-Asari.https://punchng.com/invite-nnamdi-kanu-for-discussion-ohanaeze-tells-tinubu/
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Agbaya Alatenuje Smh🙄 |
George, a staunch critic of Tinubu who recently “made up” with the president, told PUNCH in an interview that he ended his rift with the President, not for appointment, but for peace to reign, and in deference to those who intervened in the matter, at the behest of Tinubu. A former Deputy National Chairman of the Peoples Democratic Party, Chief Olabode George, has said that he is not looking for appointment under President Bola Tinubu, but he can recommend people to work for him. George, a staunch critic of Tinubu who recently “made up” with the president, told PUNCH in an interview that he ended his rift with the President, not for appointment, but for peace to reign, and in deference to those who intervened in the matter, at the behest of Tinubu. He stressed that after some senior indigenes of Lagos State and a delegation from the All Progressives Congress visited him to end the longstanding dispute and solicited his support for the Tinubu government, noting that he could never have desired anything more at his age. He stated, “On this, people are only talking rubbish and they need to shut up. This man (Tinubu) is just starting and we said my party was still in court. They said we should let bygones be bygones. In the Bible, it is very clear that vengeance is only with God Almighty and you don’t continue fighting when everybody has persuaded you that it’s enough. “All those saying I want an appointment don’t know what they are saying. What exactly do they want to happen to the young ones coming up? I said I have forgiven him. We had an issue and people settled it for us and I have forgotten about it.” Asked whether or not he would accept an appointment from the government if offered, he stated, “I will give him people that have the knowledge from the party having been a manager of the party for years. If he says he wants me to help him get someone, there are millions of young people who still have all the energy to run around and not me. “It is not for me, because I am not looking for a job. But if he calls me, we will discuss it before the party leaders, put heads together and nominate from our side somebody who is still young, agile, has the knowledge and can add value to this country.” He said he could not congratulate or visit Tinubu at the villa while his party, the PDP, was still in court challenging the outcome of the presidential election. This, he said, would amount to betrayal of his party. https://saharareporters.com/2023/06/17/im-not-looking-appointments-under-tinubu-i-can-nominate-people-pdp-chieftain-bode-george
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Prominent Niger Delta leader, Asari Dokubo, has accused the Nigerian military of being behind 99 percent of oil theft in the country.https://www.channelstv.com/2023/06/16/asari-dokubo-accuses-military-cabal-of-oil-theft-in-nigeria/
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