The International Air Transport Association (IATA) has lauded Nigerian government for its swift action in clearing the backlog of foreign airlines’ trapped funds, amounting to over $831 million USD.
IATA’s Regional Vice President for Africa and the Middle, Mr. Kamil Al-Awadhi gave the commendation on Tuesday during his opening address at the IATA Wings of Change Focus Africa conference.
Al-Awadhi who had earlier highlighted the negative impacts of trapped funds on foreign airlines in various countries, applauded Nigeria for her effective resolution of the issue.
This decisive action by the Nigerian government, according to the IATA Regional Director, has restored confidence in the country within the global civil aviation community.
In a related development, Minister of Aviation and Aerospace Development, Mr. Festus Keyamo (SAN), emphasized the critical role of African Foreign Affairs Ministers in the implementation of the Yamoussoukro Declaration (YD) and the Single African Air Transport Market (SAATM). During the plenary discussion, Mr. Keyamo advocated for the inclusion of Foreign Affairs Ministers in driving the full operationalization of these initiatives.
He argued that since these ministers are responsible for setting the agenda for the African Union (AU) Summit, it is essential for them to prioritize the YD and SAATM to ensure that political decisions are made to overcome existing challenges.
“To make SAATM work, it is not solely up to African Civil Aviation Ministers. We need to mobilize the African Union to remove domestic restrictions, as political leaders in Africa have the authority to direct their ministers on the way forward,” Mr. Keyamo stated.
The IATA Wings of Change Focus Africa conference, themed “Towards a More Resilient and Sustainable African Aviation,” serves as a premier industry event in Africa. It gathers aviation leaders, regulators, and subject matter experts to discuss key challenges and opportunities in the air transport sector. The conference was held between July 2 and July 3, 2024.
