Airlline Operators of Niger (AON) has commended President Bola Ahmed Tinubu and Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun for timely suspension of the 4 per cent levy on Free on Board (FOB) earlier introduced on imports.
In a statement issued on Tuesday, the association described the suspension as a clear demonstration of Tinubu’s administration to create a business-friendly environment, protect critical sectors and promote sustainable growth.
“This suspension is a clear demonstration of President Tinubu’s commitment to creating a business-friendly environment, protecting critical sectors of the economy, and promoting sustainable growth,” adding that, “If implemented, the levy, would have had severe consequences for airlines in Nigeria, leading to higher operating costs, further straining an industry already contending with multiple economic challenges.”
The AON therefore commended the Minister for his exemplary leadership deep patriotism and responsiveness by listening to the complaints of stakeholders on the levy.
“AON particularly lauds Mr. Wale Edun for his exemplary leadership as a listening Minister who has shown deep patriotism and responsiveness by heeding the concerns of stakeholders. His decision reflects a strong commitment to carrying out the mandate of the President with diligence, sensitivity, and fairness to all sectors of the economy.
“This bold and thoughtful intervention will go a long way in safeguarding the aviation sector, protecting jobs, reducing inflationary pressures, and ensuring that Nigeria remains competitive in the global business environmen,” said the statement.
AON therefore reaffirmed its commitment to working closely with the government to strengthen the aviation industry and contribute to the realisation of President Tinubu’s vision for economic growth and national development.
